Power Star Pawan Kalyan’s OG creates history ahead of release, earning \$899,000 in North American premiere advance sales, becoming the fastest Indian film to achieve this milestone before its September 24 debut.
Both DLF and Macrotech Developers, the top listed developers by market capitalisation, reported significant increases in booking value, crossing their guidance for the year and reaching new records.
In a regulatory filing, Macrotech said that Q4 represented its best ever quarter in terms of pre-sales, with the same being the case for the financial year as well.
Set to release on September 27, Devara has already generated significant buzz, evidenced by its impressive pre-sales performance. With four weeks remaining until its release, the film has garnered a $100K gross collection in the USA from limited showings, with some premiere shows already sold out. This early success hints at the potential for Devara to achieve a record-breaking solo premiere for NTR in North America.
According to Suresh Kris, CFO, Brigade Enterprises the average realisation for the new project would be around Rs 4500 per sq but does not see revenue recognition from the new project in the current quarter.
The rise in debt was basically because of decrease in sales and the profits too were eaten up by higher interest burden, said Ashok Tyagi, Group CFO, DLF.
Hariprakash Pandey, CFO, HDIL says the company saw the strongest Q3FY15 pre-sales in three years.
Dinesh Gupta, COO, Ansal Properties announced a target of achieving 4 million sqft in pre-sales in Q4. Speaking to CNBC-TV18 after the announcement of quarterly results, he adds that the company is on track to meet a target of 20 million sqft for FY13.