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ARIHANTSUP Diversified 10 Feb 2026

Arihant Superstructures Limited — Q3 FY26

Arihant Superstructures reported a weak Q3 FY26 with consolidated revenue of INR 126 crore, down 16% YoY, and EBITDA of INR 29 crore, down 32% YoY.

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Revenue ₹126 Cr -16%
EBITDA ₹29 Cr -32%
PAT ₹8 Cr
EBITDA Margin 22.94%
Duration 43 min
Read Time 1 min read

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2-Minute Summary

✦ AI-Generated from Full Transcript

Arihant Superstructures reported a weak Q3 FY26 with consolidated revenue of INR 126 crore, down 16% YoY, and EBITDA of INR 29 crore, down 32% YoY. EBITDA margin contracted to 22.94%. PAT stood at INR 8 crore with a margin of 6.59%. Sales bookings were strong at INR 278 crore (288 units), driven by premium segment mix, lifting average realization to INR 7,555/sq ft (+38% YoY). Management guided EBITDA margins to improve to 28-29% as higher-margin villa projects contribute. Key risks include slow absorption in certain projects (e.g., Advika, Aria) and rising leverage from annuity asset development (gymkhana and hotel). The company expects the world villa project to be cash-neutral, with annuity assets providing long-term income.

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Slow absorption in key projects

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Quarter Snapshot

Sales Bookings Value INR 278 crore
+38% YoY

Sales bookings for Q3 FY26 were INR 278 crore, driven by 288 units sold.

Average Price per sq ft INR 7,555
+38% YoY

Average realization increased from INR 5,594 in Q3 FY25, reflecting premium mix.

Unsold Ready Inventory 81 units
flat

Unsold ready inventory valued at INR 17 crore, considered minuscule relative to scale.

Gymkhana Memberships Sold 750
N/A

Membership price increased to INR 21 lakh from INR 11 lakh in prior quarter.

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Guidance and risk preview

Top guidance EBITDA margin to improve to 28-29% in coming quarters

Management expects blended EBITDA margins to rise from current 23-25% to 28-29% as higher-margin villa and apartment projects contribute.

Top risk Slow absorption in key projects

Projects like Advika (72% complete, 35% sold) and Aria (zero sales in Q3) are seeing sluggish demand despite connectivity.

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