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Earnings Call Transcript

Ashiana Housing Earnings Call Transcript: Key Takeaways

Ashiana reported a sharp revenue decline due to project handover timing, despite strong collections and pricing. Management is pivoting heavily toward the high-margin senior living segment to drive long-term return on equity.

Highlights
Revenue growthRevenue down 63% YoY due to timing of project handovers.
MarginsTargeting 30% gross margins; senior living expected to drive expansion.
Order bookPre-sales guidance of ₹2,200cr maintained for the full year.
Demand visibilityStrong demand for premiumized and senior living units across key markets.
Management confidenceConfident in H2 recovery despite a seasonally soft first quarter.

Growth

Revenue fell 63% YoY to ₹107cr; collections grew 6% to ₹409cr. Average realization jumped 37% YoY.

Outlook

Management targets ₹2,200cr pre-sales and 20% ROE for FY27, backed by H2 launches.

Risks

Low inventory in key markets like Gurgaon and Jaipur may cause near-term sales dips.

Last quarter's promises, checked

Delivered

  • Guided 20% ROE path → delivered 14.85% EBITDA / 9.93% PAT margin (= BEAT)
  • Guided Senior Living record bookings → delivered ₹570cr (= BEAT)
  • Guided highest ever collections → delivered ₹1,762cr (= BEAT)

Partly delivered

  • Guided Pune expansion → delivered 28.5 acres in Vadgaon but Malhar remains low margin (= PARTIAL)
  • Guided Bangalore project → title diligence/MoU done but definitive docs pending (= PARTIAL)

Missed

  • Guided FY26 booking value growth → delivered ₹2,421cr (25% growth vs 124% Q4 YoY) (= MISS)
Source

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

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Ashiana Housing Ltd: key numbers

Share price
₹389.70
Market cap
₹3,917 Cr
Revenue (annual)
₹1,143 Cr
Net profit (annual)
₹117.9 Cr
P/E (TTM)
33.1×Sector 35.8×
Promoter holding
61.11%+0.00% QoQ
FII holding
8.19%Current quarter

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

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