Real Estate

reported Q1 sales bookings of approximately ₹1,061 crore, down 5% year-on-year, with pre-sales volume of 0.74 million square feet.  Learning for beginners: Real-estate stocks should not be evaluated only on quarterly profit. Track bookings/pre-sales, collections, inventory, launches, land bank, debt and cash flows. For developers, strong bookings can be an important leading indicator, while reported accounting profit may fluctuate depending on project completion and recognition.