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Earnings Call Transcript

Arkade Developers Earnings Call Transcript: Key Takeaways

Arkade Developers is aggressively pivoting from stable redevelopment to high-growth outright acquisitions, doubling launch targets to ₹3,000 Cr in FY27.

Why this was an Alfa AlertManagement guides 100% Revenue growth for FY27 (explicit single-year guidance).
Guidance and delivery
Management target Revenue 100.0% FY27
Highlights
Revenue growth₹147 Cr revenue; pre-sales up 9% YoY to ₹155 Cr.
MarginsEBITDA margin compressed to 18.9% on higher employee costs.
Order bookPipeline of ₹12,800 Cr GDV across 42 lakh sq ft.
Demand visibilityStrong Mumbai residential demand; shift toward premium/luxury housing.
Management confidenceExtremely bullish, banking on 100% growth in launch values.

Growth

Pre-sales grew 9% YoY to ₹155 Cr; ₹12,800 Cr GDV pipeline provides strong visibility.

Outlook

Targeting ₹1,000 Cr pre-sales for FY27; launching ₹3,000 Cr worth of projects this year.

Risks

EBITDA margins dropped below 20% due to aggressive hiring and lower investment income.

Last quarter's promises, checked

Delivered

  • Guided 18-20% PAT margin → delivered 20.2% (= BEAT)
  • Guided 20-25% CAGR growth → delivered 21% Q3 pre-sales growth (= BEAT)
  • Targeted 2 OCs in Q4 (Pearl & Malad Eden) → delivered OCs as planned (= BEAT)

Partly delivered

  • Targeted 50:50 Greenfield/Redevelopment mix → currently 65:35 (= PARTIAL)

Missed

  • Guided EBITDA margin stability → delivered 18.9% in current quarter (= MISS)
  • Targeted 5 minimum project launches for FY27 → delayed Dahisar to FY29 (= MISS)
Source

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

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Arkade Developers Ltd: key numbers

Share price
₹125.48
Market cap
₹2,330 Cr
Revenue (annual)
₹816.4 Cr
Net profit (annual)
₹5.38 Cr
P/E (TTM)
-530.4×Sector 35.8×
Promoter holding
71.19%+0.00% QoQ
FII holding
0.13%Current quarter

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

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