Arihant Superstructures Limited (NSE: ARIHANTSUP) is a prominent publicly-listed real estate development company headquartered in Navi Mumbai, Maharashtra, India, known for its strong presence in the affordable and mid-income housing segments of the real estate sector. It was incorporated on 26 March 1983 and operates across key high-growth regions such as the Mumbai Metropolitan Region (MMR) and Jodhpur (Rajasthan).<\/p>\n\n\n\n
The company\u2019s business spans the entire real estate value chain, including land acquisition, planning, design, construction, and marketing of residential and some lifestyle-oriented projects. Over the years, Arihant has delivered thousands of homes and continues to execute a large portfolio of ongoing and planned developments that cater to diverse customer segments from affordable housing to premium offerings.<\/p>\n\n\n\n
Arihant Superstructures Ltd is also listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) under the ticker ARIHANTSUP, reflecting its stature as a recognized player in India\u2019s realty markets.<\/p>\n\n\n\n
During Q3 FY26, the company achieved pre-sales of INR 2,778 million, selling 288 units with a total area of 370,205 sq. ft. Operating revenue stood at INR 1,260 million, while EBITDA was INR 289 million with a margin of 22.94%. Profit after tax (PAT) came in at INR 83 million, translating to a PAT margin of 6.59%, and EPS of INR 1.16 per share.<\/p>\n\n\n\n
The company signed a 3.5-acre land parcel at Chowk Manivali under an area-sharing JV, expanding the township to 96.5 acres. It also received OC for Arihant Aloki A3 building, delivering 127 units (79,267 sq. ft.). Collections stood at INR 1,325 million, and unsold inventory was limited to 81 units valued at INR 171 million.<\/p>\n\n\n\n
Revenue increased marginally to INR 1,260 million in Q3 FY26 compared to Q2 FY26 but declined year-on-year. Sales value improved to INR 2,777 million, while collections rose to INR 1,326 million. Units sold increased sequentially to 288 units, and area sold improved to 3.7 lakh sq. ft.<\/p>\n\n\n\n
However, profitability moderated, with EBITDA margin at 22.94% and PAT margin at 6.59%, both lower compared to the previous year due to higher finance costs and margin compression.<\/p>\n\n\n\n
For the nine months ended FY26, operating revenue grew 6.7% YoY to INR 3,696 million, while sales value stood at INR 6,642 million. EBITDA increased 17% YoY to INR 958 million, with margins improving to 25.92%. However, PAT declined 21.4% YoY to INR 341 million, and PAT margin moderated to 9.23%, mainly due to a sharp rise in interest expenses. Units sold stood at 760 units, and area sold totaled 8.60 lakh sq. ft., reflecting a softer volume performance compared to last year.<\/p>\n\n\n\n
Gross debt stood at INR 8,726 million, with net debt at INR 8,098 million. After adjusting unsecured loans, adjusted net debt was approximately INR 4,522 million. Net worth was INR 4,383 million, and the adjusted secured net debt-to-equity ratio stood at 1.03x. Borrowings are primarily from institutions such as HDFC Bank, SBI, ICICI Bank, Tata Capital, Bajaj Housing Finance, and others.<\/p>\n\n\n\n
Over FY22-FY25, operating revenues and EBITDA have shown overall growth, though FY25 saw moderation. EBITDA margins remained in the 19-22% range, while PAT margins ranged between 10-14%.<\/p>\n\n\n\n
Debt levels increased over the years to support expansion, with net debt-to-equity peaking in FY25. Net worth steadily improved, reflecting retained earnings and capital strengthening.<\/p>\n\n\n\n
Total assets increased significantly to INR 17,407 million (H1 FY26), driven largely by higher inventories and land bank expansion. Operating cash flows have remained negative in recent years due to project execution and working capital requirements, while financing inflows supported growth and expansion.<\/p>\n\n\n\n
The company delivered steady revenue growth and strong EBITDA performance in 9M FY26, though profitability at the PAT level was impacted by higher interest costs. Pre-sales momentum and township expansion indicate continued growth visibility, while leverage remains manageable with a near 1x secured net debt-to-equity ratio.<\/p>\n","protected":false},"excerpt":{"rendered":"
About Arihant Superstructures Limited Arihant Superstructures Limited (NSE: ARIHANTSUP) is a prominent publicly-listed real estate development company headquartered in Navi Mumbai, Maharashtra, India, known for its strong presence in the affordable and mid-income housing segments of the real estate sector. It was incorporated on 26 March 1983 and operates across key high-growth regions such as […]<\/p>\n","protected":false},"author":2389,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1941],"tags":[8892],"class_list":["post-180484","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-analysis","tag-real-estate"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":153144,"url":"https:\/\/alphastreet.com\/india\/arihant-superstructures-ltd-q1fy24-45-rise-in-profits\/","url_meta":{"origin":180484,"position":0},"title":"Arihant Superstructures Ltd Q1FY24; 45% rise in Profits","author":"Divyansh_Kasana","date":"August 14, 2023","format":false,"excerpt":"Arihant Superstructures is a real estate company focusing on the affordable housing segment with a significant presence in the MMR region and Rajasthan. It has delivered 9,500+ homes measuring 8 Mn Sqft across 59 projects over the past 2 decades. Financial Results: Arihant Superstructures Ltd reported Revenues for Q1FY24 of\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-820.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-820.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-820.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-820.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-820.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-820.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":140336,"url":"https:\/\/alphastreet.com\/india\/arihant-superstructures-limited-arihantsup-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":180484,"position":1},"title":"Arihant Superstructures Limited (ARIHANTSUP) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"February 7, 2023","format":false,"excerpt":"Arihant Superstructures Limited (NSE:ARIHANTSUP) Q3 FY23 Earnings Concall dated Feb. 06, 2023. 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