<h1>Real Estate Developer Posts 63% Profit Growth, Raises 900 Cr via QIP for Expansion and Debt Repayment</h1> A Mumbai-based real estate developer reported a 63% year-on-year increase in profit after tax for Q1 FY26, alongside a 27% rise in EBITDA and a 55% growth in profit before tax. The company completed a 900 crore Qualified Institutional Placement, using 340 crore for debt repayment to achieve a net cash positive position, with remaining proceeds allocated to construction and new development projects. Operational metrics showed growth in area sold, booking value, and collections. The developer maintains an active project portfolio and strategic land banks across Mumbai suburbs, aiming for sustained growth and value creation. The company emphasized disciplined cost management and investor confidence reflected in the QIP, positioning itself for future expansion in the real estate market.