Risk Intelligence
Slow absorption in key projects
View Risks →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.
Financial stats pending filing verification
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.
अरिहंत सुपरस्ट्रक्चर्स की तीसरी तिमाही (Q3 FY26) कमजोर रही। कंपनी की कुल कमाई ₹126 करोड़ रही, जो पिछले साल से 16% कम है। मुनाफा (EBITDA) ₹29 करोड़ रहा, जो 32% घटा। मुनाफे की दर 22.94% रही। शुद्ध मुनाफा (PAT) ₹8 करोड़ और उसकी दर 6.59% थी। हालांकि, बिक्री मजबूत रही—₹278 करोड़ (288 यूनिट), जो महंगे घरों की बिक्री से हुई। इससे औसत कीमत ₹7,555 प्रति वर्ग फुट (+38%) पहुंच गई। कंपनी को उम्मीद है कि आगे मुनाफे की दर 28-29% हो जाएगी जब महंगे विला प्रोजेक्ट बिकेंगे। जोखिम: कुछ प्रोजेक्ट्स (जैसे अद्विका, आरिया) की बिक्री धीमी है और कर्ज बढ़ रहा है। कंपनी का मानना है कि वर्ल्ड विला प्रोजेक्ट से कोई नुकसान नहीं होगा और जिमखाना-होटल से लंबी कमाई होगी।
Slow absorption in key projects
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Read Transcript →Sales bookings for Q3 FY26 were INR 278 crore, driven by 288 units sold.
Average realization increased from INR 5,594 in Q3 FY25, reflecting premium mix.
Unsold ready inventory valued at INR 17 crore, considered minuscule relative to scale.
Membership price increased to INR 21 lakh from INR 11 lakh in prior quarter.
Management expects blended EBITDA margins to rise from current 23-25% to 28-29% as higher-margin villa and apartment projects contribute.
Projects like Advika (72% complete, 35% sold) and Aria (zero sales in Q3) are seeing sluggish demand despite connectivity.
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