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Earnings Call Transcript

Arihant Superstructures Earnings Call Transcript: Key Takeaways

Arihant is aggressively pivoting from affordable housing to high-margin luxury villas and hospitality to mitigate rising costs and labor shortages. Management is optimistic about MMR and Navi Mumbai real estate tailwinds.

Guidance and delivery
Management target Revenue FY27
Highlights
Revenue growth9% YoY growth in operating revenue to 132 Crores.
MarginsEBITDA margin at 21%; luxury projects targeting 35% margins.
Order bookGross Development Value increased from 6,000 Cr to 14,000 Cr.
Demand visibilityStrong demand in Navi Mumbai due to new infrastructure projects.
Management confidenceBalanced, but defensive regarding debt levels and project execution delays.

Growth

Revenue grew 9% YoY to 132 Cr; sales bookings increased 15% in volume and value terms.

Outlook

Targeting delivery of 2,500 units by FY27; expecting luxury segment to reach 45% of project mix.

Risks

High debt-to-equity ratio and margin compression in older affordable housing projects pose significant liquidity risks.

Last quarter's promises, checked

Delivered

  • Guided 2,000+ units delivery for FY27 → delivered 1,721 units in FY26 (= BEAT)
  • Targeted EBITDA margin 23% for FY26 → delivered 23% (= BEAT)
  • Guided 1,000 Cr pre-sales → delivered 977 Cr (= BEAT)

Partly delivered

  • Guided 25-30% CAGR growth → delivered 10.5% revenue growth (= PARTIAL)

Missed

  • Guided PAT margin 24% → delivered 8.35% (= MISS)
  • Guided negative to positive cash flow → delivered negative for 4th year (= MISS)
Source

Earnings Call Transcript filed with BSE, NSE: ARIHANTSUP. Summary written with AI assistance from the document.

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Arihant Superstructures Ltd: key numbers

Share price
₹242.70
Market cap
₹1,050 Cr
Revenue (annual)
₹551.0 Cr
Net profit (annual)
₹28.28 Cr
P/E (TTM)
42.5×Sector 35.8×
Promoter holding
71.10%+0.00% QoQ
FII holding
0.18%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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