Motilal Oswal expects presales to moderate due to a lack of launches. The brokerage firm anticipates its coverage universe to report presales of $25,000 crore, up 4 per cent year-on-year (Y-o-Y) but down 11 percent quarteron-quarter (Q-o-Q) in the fourth quarter (Q4) of 202324 (FY24).
Cumulative bookings for FY24 are expected to reach ₹90,700 crore, up 33 percent Y-o-Y, exceeding the initial expectation of 15-20 percent growth.
ULT "Although the pace of launches picked up in the third quarter of FY24, it could not be sustained in Q4, despite a strong project pipeline, as many companies VIEW faced delays in approval. Hence, a few companies witnessed a moderation in bookings on a sequential basis," Motilal Oswal said in a pre-earnings note.
Bu hikaye Business Standard dergisinin April 15, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin April 15, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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