Arkade Developers LimitedUnclassifiedARKADE
Q1 FY27 earnings callArkade Developers Limited
The company reported steady pre-sales growth and is planning a significant ramp-up in project launches, aiming for INR 3,000 crore in launches this fiscal year to accelerate growth.
Numbers
| Metric | This quarter | Change | Five-quarter trend |
|---|---|---|---|
| Revenue from Operations | Rs. 147 crores | — | |
| Gross Profit Margin | 29.1% | — | |
| Operating EBITDA | Rs. 28 crores | — | |
| EBITDA Margin | 18.9% | — | |
| Net Profit | Rs. 19 crores | — | |
| PAT Margin | 13% | — | |
| Pre-sales | INR 155 crores | 9% year-on-year | |
| Development Pipeline (GDV) | INR 12,800 crores | — |
Financials
| Quarter | Revenue | Net profit (PAT) | Basic EPS |
|---|---|---|---|
| Q3 FY25 | ₹224.62 Cr— YoY+11.4% QoQ | ₹50.08 Cr— YoY+15.5% QoQ | ₹3.04— YoY+7.8% QoQ |
| Q2 FY25 | ₹201.65 Cr— YoY+60.8% QoQ | ₹43.36 Cr— YoY+43.5% QoQ | ₹2.82— YoY+41.7% QoQ |
| Q1 FY25 | ₹125.38 Cr— YoY— QoQ | ₹30.22 Cr— YoY— QoQ | ₹1.99— YoY— QoQ |
TL;DR
- Pre-sales grew 9% year-on-year to Rs 155 crores.
- Revenue from operations was Rs 147 crores with an EBITDA margin of 18.9%.
- The development pipeline reached an estimated Gross Development Value (GDV) of Rs 12,800 crores.
- Planned launches for FY27 have an estimated GDV of nearly Rs 3,000 crores.
- Net debt is minimal at Rs 5 crores, with a net debt-to-equity ratio of 0.01 times.
- Management expects pre-sales of about Rs 1,000 crores this financial year, split between new launches and ongoing inventory.
Said on the call
“The Mumbai residential market continues to present attractive long-term opportunities and we remain focused on converting these opportunities into sustainable value creation for all our stakeholders.”
From the Q&A
| Topic | What management said |
|---|---|
| FY27 Pre-Sales Outlook | Management expects total pre-sales of about Rs 1,000 crores for the year: Rs 500 crores from new launches (projects worth Rs 3,000 crore GDV) and Rs 500 crores from ongoing inventory (unsold value of Rs 700 crores as of June 30). |
| EBITDA Margin Guidance | CFO expects to maintain EBITDA margins of about 25-26% for the year, attributing the Q1 margin of 18.9% to lower other income and higher employee costs. |
| Anand Nagar Project Delay | The large Anand Nagar project (GDV in top three) is planned for launch in FY29 due to a height restriction from a wireless station in Dahisar, which is expected to be shifted in FY27, with approvals targeted for FY28. |
| Definition of Accelerated Growth | Management clarified that 'accelerated growth' refers to a planned launch pipeline of Rs 3,000 crores in FY27, which is double their historical annual launch size of ~Rs 1,500 crores, with a further increase to Rs 5,000 crore plus launches expected next year. |
| Project IRRs and Land Costs | The company targets an IRR of 20% or more for new projects. Land costs as a percentage of GDV vary widely by location, from 15-20% in northern suburbs to around 50% in South Mumbai. |
| Future Funding and Competition | The company may use construction finance for future projects but currently has minimal net debt. Management stated they are disciplined in acquisitions, avoiding 'fancy' deals, and focus on mature markets and aspiring segments to mitigate competitive pressures. |
Guidance
- Planned launches during FY27 have an estimated GDV of nearly INR 3,000 crores.
- Expects total pre-sales of about INR 1,000 crores in the balanced financial year (from new launches and ongoing inventory).
- Targets to maintain EBITDA margin of about 25-26% over the year.
- Expects to generate PAT (cash flow) of about 18-19% from projects.
- Next year's launch pipeline is planned to be better, including the Filmistan project, targeting Rs 5,000 crore plus launches.
Source
Summary written from the transcript filed by Arkade Developers Limited for the call held on 17 Aug 2026; published 18 Aug 2026, 18:53 IST.