Arkade Developers Ltd, a real estate development company focused on sophisticated lifestyle residential projects in Mumbai, Maharashtra, reported healthy financial growth in Q2 FY26, driven by robust property sales and project execution.
Financial Results
- Revenue rose 30.7% year on year to ₹264 crore from ₹202 crore, marking a strong top-line performance.
- Total expenses increased 40% to ₹203 crore from ₹145 crore, indicating higher operational costs related to ongoing and new projects.
- Consolidated net profit reached ₹46 crore, up 6.98% from ₹43 crore in the same quarter last year.
- Earnings per share (EPS) improved by 5.56% to ₹2.47 from ₹2.34.
Operational and Business Highlights
- The company completed and sold out four major residential projects during the quarter, enhancing revenue recognition and supporting future sales growth.
- Arkade Developers achieved pre-sales worth ₹331 crore and sold 1.1 lakh square feet, demonstrating solid demand in the Mumbai Metropolitan Region.
- EBITDA stood at ₹63 crore with a healthy margin of 24%, reflecting operational efficiency amid rising expenses.
- Key strategic developments included acquiring a major land parcel in Bhandup West and securing branding rights for Bangur Nagar Metro Station, reinforcing the company’s position in new Mumbai pockets.
Financial Position and Outlook
- Management aims to launch 6–7 new projects in FY27, with a potential sales value exceeding ₹8,000 crore, in line with its premium housing strategy.
- The expansion into eastern Mumbai suburbs and a robust pipeline of redevelopment projects are likely to support sustainable growth in coming quarters.
- Despite increased costs, Arkade Developers remains committed to timely project delivery, portfolio diversification, and long-term value creation for stakeholders.
Arkade Developers Ltd continues its upward trajectory with strong operational execution, strategic land acquisitions, and healthy financial results in Q2 FY26, positioning itself for further growth and market leadership in Mumbai’s real estate sector.
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