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View Claim Ledger →Arkade Developers Limited — Q4 FY26
Arkade Developers reported a strong Q4 FY26 with revenue of ₹199 Cr (+48% YoY) and EBITDA margin of 19.4%.
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Arkade Developers reported a strong Q4 FY26 with revenue of ₹199 Cr (+48% YoY) and EBITDA margin of 19.4%. Full-year revenue grew 19.2% to ₹828 Cr, with EBITDA margin at 23.2%. Pre-sales hit a record ₹303 Cr in Q4 (+40% YoY), and full-year pre-sales reached ₹911 Cr (+17% YoY). The company completed the strategic acquisition of Filmistan Studios, a landmark property in Goregaon West, with an expected GDV of ₹3,500 Cr and cumulative bottom-line contribution of ₹1,000-1,200 Cr over 3-5 years. A new MOU for a cluster redevelopment in Kandivali East adds ₹1,100 Cr GDV. Management guided for 20-25% revenue growth in FY27, with EBITDA margins stabilizing at 27-28% and PAT margins at 18-19%. Risks include potential slowdown in pre-sales due to macroeconomic headwinds and execution delays in large projects.
आर्केड डेवलपर्स ने वित्त वर्ष 2026 की चौथी तिमाही में मजबूत प्रदर्शन किया। कंपनी की कमाई 199 करोड़ रुपये रही, जो पिछले साल से 48% ज्यादा है। मुनाफा दिखाने वाला EBITDA मार्जिन 19.4% रहा। पूरे साल की कमाई 828 करोड़ रुपये (+19.2%) और EBITDA मार्जिन 23.2% रहा। प्री-सेल्स (बिक्री से पहले बुकिंग) ने रिकॉर्ड तोड़ा - चौथी तिमाही में 303 करोड़ (+40%) और पूरे साल में 911 करोड़ (+17%)। कंपनी ने गोरेगांव वेस्ट में फिल्मिस्तान स्टूडियो खरीदा, जिससे 3-5 साल में 1,000-1,200 करोड़ का मुनाफा होने की उम्मीद है। कंदिवली ईस्ट में एक और प्रोजेक्ट से 1,100 करोड़ जुड़ेंगे। अगले साल 20-25% कमाई बढ़ने और मुनाफा 27-28% रहने का अनुमान है। जोखिम: बिक्री धीमी हो सकती है और बड़े प्रोजेक्ट्स में देरी हो सकती है।
Promises0 met · 1 missedRisks3 trackedTranscriptfull text
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Pre-sales slowdown in Q1 FY27
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Read Transcript →Quarter Snapshot
Pre-sales Q4 FY26
₹303 Cr
+40% YoY
Highest ever quarterly pre-sales driven by strong demand in premium segment.
Area sold Q4 FY26
1,10,000 sq ft
+57% YoY
Reflects robust volume growth and customer preference for larger homes.
Full-year pre-sales FY26
₹911 Cr
+17% YoY
Record annual pre-sales, driven by new project launches and strong execution.
Project pipeline GDV
₹12,000 Cr
N/A
Pipeline spread over 5-6 years, including Filmistan (₹3,500 Cr) and Kandivali (₹1,100 Cr).
What Changed vs Last Quarter
NEW
Revenue growth of 20-25% in FY27
Management expects 20-25% year-on-year revenue growth in FY27, with a spike from the Filmistan project launch by year-end.
NEW
EBITDA margin target of 27-28%
Management guided that EBITDA margins will stabilize around 27-28% going forward.
NEW
PAT margin target of 18-19%
Management expects PAT margins to stabilize at 18-19%.
NEW
Filmistan project launch by FY27 year-end
The Filmistan luxury residential project is expected to be launched by the end of FY27, with GDV of ₹3,500 Cr.
DROPPED
Pre-sales CAGR of 20-25% over 2-3 years
Management reiterated its guidance of 20-25% CAGR in pre-sales over the next 2-3 years, supported by a strong launch pipeline.
DROPPED
FY27 launch pipeline GDV of ₹5,000-7,000 crore
The company plans to launch projects with a gross development value of ₹5,000-7,000 crore in FY27, including Filmistan and Khane.
DROPPED
PAT margin stabilization at 18-20%
Management expects PAT margins to stabilize in the 18-20% range on a steady-state basis, with greenfield margins at 25-27% and redevelopment at 17-19%.
DROPPED
Two OCs expected in Q4 FY26
The company is targeting to receive occupation certificates for Parliament Pearl and Malad Eden projects in Q4 FY26.
NEW RISK
Pre-sales slowdown in Q1 FY27
Management acknowledged that pre-sales in May were slower due to war impact, fuel prices, and global economic situation, indicating potential near-term demand weakness.
NEW RISK
Execution risk on large projects
The Filmistan and Kandivali projects are large and complex; any delays in approvals or construction could impact revenue recognition and margins.
NEW RISK
Revenue growth may not match pipeline GDV
An analyst pointed out that 20-25% growth would yield only ₹5,000-6,000 Cr revenue over 6 years, far below the ₹12,000 Cr pipeline, implying exponential growth is needed but not guaranteed.
RISK GONE
Environmental clearance delays
Launches were delayed due to a stay order on environmental clearances, which has now been resolved but could recur.
RISK GONE
Revenue recognition lag
Revenue recognition is lower due to a time lag between booking and registration, which may persist and affect quarterly comparability.
RISK GONE
Competition in redevelopment micro-markets
Analyst raised concern about crowded redevelopment market in Goregaon; management downplayed but acknowledged competition.
RISK GONE
Commodity price inflation
Rising commodity prices could increase construction costs, though management expects to pass on costs via price corrections.
Fast read
Guidance and risk preview
Management expects 20-25% year-on-year revenue growth in FY27, with a spike from the Filmistan project launch by year-end.
Management acknowledged that pre-sales in May were slower due to war impact, fuel prices, and global economic situation, indicating potential near-...
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