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%.
bullish
medium
✓ Verified against BSE filing
Claim Ledger
Did management answer the analysts?
Every material analyst question, graded on whether management actually answered it — with the verbatim exchange and quantitative claims checked against filed numbers.
64%Questions answered1Evaded / deflected7Questions auditedContradictedNumbers vs filing
Partial answer
High priority
When will more clarity on Filmistan project come?
Asked by Manish, Individual Investor
Management gave a vague timeline (financial year end) without specifics on approvals.
no specific datevague timeline
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Question
what do you when do we expect more clarity on the project sir?
Management (unnamed)
The project is under approvers currently and we are uh looking at launching it by this year end financial year end.
Answered
High priority
What is the target EBITDA margin going forward?
Asked by Manish, Individual Investor
Management provided specific margin targets: EBITDA ~25%, PAT ~18-19%.
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Question
the profit margin if you see from the last quarter has reduced. So going forward what is the AIA margin that we are targeting sir?
Management (unnamed)
Uh we are targeting around 25% margin. ... I margin is expected to stabilize around 20 27 to 28%. Pat margin expected it will stabilize at around 18 to 19%.
Partial answer
High priority
What is the revenue guidance for next 2-3 years?
Asked by Manish, Individual Investor
Management gave a pipeline value and growth rate but no specific revenue guidance.
no specific revenue numbervague growth rate
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Question
What what what is the revenue guidance for the next two three years sir?
Management (unnamed)
So projects are in pipeline we have a pipeline of about 12,000 crores spread over next five to six years. So we expect about 20 20 25% growth year on year basically.
Evasive
Medium priority
How have pre-sales been in May?
Asked by Manish, Individual Investor
Management did not provide any quantitative pre-sales data, only vague qualitative slowdown.
no numbers givenblamed external factors
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Question
how has the pre-sales been in the month of May?
Management (unnamed)
Uh sorry the pre consistently uh only they are a little slow because of the war impact and the fuel prices impact and uh the global economical situation.
Answered
High priority
Is the 182 crore diminution in value of TDR rights a one-off?
Asked by Vishal Jen, Dvita Investment
Management clearly explained it's a one-off accounting effect from the demerger.
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Question
this dimension uh in value of teny rights uh as like 182 kores in this quarter. I just wanted to know if this value is just like a one-off or does it have a financial implication on the company or is this an accountancy practice.
Management (unnamed)
So it's a one-off. ... the teny rights got de merged from film unlimited and got merged to arade. So that 183 crores which was the value of teny right has got diminished. So that's the one of effect in our financials.
Answered
High priority
How many years to recognize 12,700 crore revenue from upcoming projects?
Asked by Heath Sha, Individual Investor
Management gave a clear timeline of six years for revenue recognition.
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Question
the 12,700 cr revenue that the from the upcoming projects approximately how many years will it take to get all the 12,000 or crores to get recognized in the books?
Management (unnamed)
It should be done in around six years. In six years that's what we are targeting it.
Partial answer
Medium priority
Will there be exponential growth from Filmistan or other projects?
Asked by Heath Sha, Individual Investor
Management pointed to FY28-29 for exponential growth but gave no quantitative projections.
no specific numbersdeferred to future years
Read the exchange
Question
are we seeing any exponential growth in any year coming in next two to three years that the anistan projects and uh other to cluster redevelopment projects will make the growth exponential.
Management (unnamed)
once this kilm and tan contribute for full year that that will have a exponential growth like fy 28 f 29
Quantitative claims vs filed numbers
| Claim | Management said | Filing | Verdict |
|---|---|---|---|
| Targeting 20-25% year-on-year growth | 25% | 19.2% | Overstated vs filing |
| Target EBITDA margin around 25% | 25% | 19% | Overstated vs filing |
| EBITDA margin expected to stabilize at 27-28% | 28% | 19% | Overstated vs filing |
Filed figures sourced from Screener.in. Claims within a small tolerance of the filing are marked “matches filing”.