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Revenue
₹197 Cr
verified against source
Revenue YoY
-13.9%
reported change
EBITDA
₹54 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Arkade Developers reported Q3 FY26 revenue of ₹199 crore, down ~14% YoY due to delayed OC recognition, but EBITDA margin expanded 30bps to 27.4%. Pre-sales hit a record ₹267 crore (+21% YoY), driven by strong demand in Bandup and Mulund. Collections grew 19% to ₹212 crore. Management maintained 20-25% CAGR pre-sales guidance, backed by a launch pipeline of ₹5,000-7,000 crore GDV in FY27, including the Filmistan and Khane projects. PAT margin contracted to 20.2% from 21.7% due to revenue mix. Key risk: execution delays from environmental clearance bottlenecks could defer revenue recognition further.
Colored figures show movement against the previous available record.
Guidance to track
- Management reiterated its guidance of 20-25% CAGR in pre-sales over the next 2-3 years, supported by a strong launch pipeline.
- The company plans to launch projects with a gross development value of ₹5,000-7,000 crore in FY27, including Filmistan and Khane.
- 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%.
- The company is targeting to receive occupation certificates for Parliament Pearl and Malad Eden projects in Q4 FY26.
Risks flagged
- Launches were delayed due to a stay order on environmental clearances, which has now been resolved but could recur.
- Revenue recognition is lower due to a time lag between booking and registration, which may persist and affect quarterly comparability.
- Analyst raised concern about crowded redevelopment market in Goregaon; management downplayed but acknowledged competition.
- Rising commodity prices could increase construction costs, though management expects to pass on costs via price corrections.
Key quotes
- We have recorded highest ever quarterly pre-sales of rupees 267 cr in quarter 3 financial year up by 21% year-on-year basis.
- We are being conservative as always that is our DNA you know. Give for less and strive to achieve more.
- The Indian home buyer isn't just looking for the roof, they're looking for a lifestyle.
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