Latest news with #ArkadeDevelopers
New Indian Express
25-05-2025
- Business
- New Indian Express
'We are planning Rs 3,500-4,000 crore projects in FY26'
Mumbai-based realty developer Arkade Developers is planning to launch four projects in the financial year 2026, which will have a combined gross development value (GDV) of Rs 3,500-4,000 crore. The company is confident of maintaining a 20% compounded annual growth rate (CAGR) in the short to medium term after reporting a similar growth in FY25. Last week, Arkade reported profit growth of 27.7% at Rs 157 crore for the year ended March 31, 2025. Revenue for the year rose 9.3% to Rs 695 crore. In an interview with TNIE's Arshad Khan, Amit Jain, chairman and managing director of Arkade Developers spoke about key product launches, competition in Mumbai's housing market, plan for FY2026, the slump seen in housing sales and more. Edited Excerpts: How was FY2025 for you? What are the big launches coming from Arkade in FY26 and what would be their combined GDV? We are planning four key project launches this fiscal. The most significant among them is our Filmistan project in Goregaon. We have three redevelopment projects in the pipeline, located in Santacruz West, Goregaon West, and Malad West. Collectively, these four launches are projected to have a GDV in the range of Rs 3,500 to Rs 4,000 crore. We have been achieving a 20% growth historically and we will be achieving the same in the years to come. Our revenue is expected to grow 20% in FY25 at about Rs 850 crore. FY25 marks a year of prominence in which we acquired the legendary 4-acre land parcel in Goregaon, leased to Filmistan Pvt. Ltd, having an estimated GDV of Rs 2,000 crore. We acquired land parcels and development rights, cumulating to 17.5 acres in western suburbs with a projected GDV of Rs 6,790 crore, including the locations – Andheri, Santacruz, Borivali, Malad and Dahisar. Our expansion strategy into the eastern Mumbai suburbs for the greenfield projects, alongside a solid pipeline of redevelopment projects in the western suburbs, will serve as key growth drivers as we leverage our healthy balance sheet and robust cash flows. Our strategy is aligned with the overall market trend towards luxury housing. With accelerating demand, we are well-positioned to maintain a sustainable growth trajectory. Mumbai's real estate market has become highly competitive with big names such as Adani and Prestige having aggressive pipelines. How do you see this emerging competition for native players like you? There is enough room for everyone to grow in this market. Not every buyer has a budget of Rs 10 crore and upward. There is a lot of demand for 2BHK properties. The redevelopment of old properties is here to stay. There are 20,000 buildings in MMR which are due for redevelopment. There is a big opportunity for us and the other players are also here. Though there is land scarcity in the region, there are many land parcels up for grabs. We are in the process of acquiring a major land parcel in Thane and continue to hold talks with other landowners. Housing sales have been under pressure for the past two quarters. Do you expect the slowdown to continue? Housing is one of the biggest human aspirations and the ambition to buy a new house or shift to bigger homes is always there. The slowdown is temporary but the needs of the house will always be there. There are cyclic phases and they cannot eliminate the industry growth as a whole. Real Estate prices have shot up sharply in recent years. Do you expect property prices to remain at elevated levels? The cost of construction has gone up significantly, be it raw material prices or the GST levied by government bodies. Land prices too have gone up. I do not control the prices, the market forces do. When the construction cost and land prices will come down, then the prices of property may come down. That being said, buyers may turn cautious due to increasing prices but the requirement for homes will always be there.
Time of India
14-05-2025
- Business
- Time of India
Arkade Developers' profit up 70% to ₹33.26 crore in Q4 FY25
NEW DELHI: Realty firm Arkade Developers Ltd on Tuesday reported a 70 per cent increase in its consolidated net profit to Rs 33.26 crore for the latest quarter ended March. Its net profit stood at Rs 19.61 crore in the year-ago period. Total income rose to Rs 134.34 crore in the fourth quarter of the last fiscal from Rs 123.13 crore in the corresponding period of the preceding year, according to a regulatory filing. During the 2024-25 fiscal, Arkade Developers' net profit grew to Rs 156.92 crore from Rs 122.91 crore in the year-ago period. Total income climbed to Rs 694.60 crore last fiscal from Rs 635.71 crore in the 2023-24 fiscal. Arkade Developers is one of the leading real estate companies in the country.
Business Standard
13-05-2025
- Business
- Business Standard
Arkade Developers consolidated net profit rises 69.52% in the March 2025 quarter
Sales rise 6.97% to Rs 131.45 crore Net profit of Arkade Developers rose 69.52% to Rs 33.26 crore in the quarter ended March 2025 as against Rs 19.62 crore during the previous quarter ended March 2024. Sales rose 6.97% to Rs 131.45 crore in the quarter ended March 2025 as against Rs 122.89 crore during the previous quarter ended March 2024. For the full year,net profit rose 27.64% to Rs 156.93 crore in the year ended March 2025 as against Rs 122.95 crore during the previous year ended March 2024. Sales rose 7.62% to Rs 683.10 crore in the year ended March 2025 as against Rs 634.74 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 131.45122.89 7 683.10634.74 8 OPM % 33.7521.96 - 30.1726.38 - PBDT 46.9525.86 82 216.32166.25 30 PBT 45.4925.22 80 211.41165.11 28 NP 33.2619.62 70 156.93122.95 28
Hans India
13-05-2025
- Business
- Hans India
Real estate firm Arkade Developers' Q4 profit falls 34 pc, sales tank 42 pc
Mumbai: Real estate firm Arkade Developers on Tuesday reported a sharp drop in net profit for the fourth quarter (Q4) of FY25, as revenue also took a significant hit in the January-March quarter. The company's net profit stood at Rs 33.26 crore in Q4, down 33.58 per cent from Rs 50.08 crore in the previous quarter (Q3 FY25). This decline came as revenue from operations fell sharply by 41.96 per cent to Rs 134.34 crore, compared to Rs 231.41 crore in Q3. Despite the fall in both net profit and revenue, the company managed to reduce its total expenses. Expenses came down to Rs 88.76 crore in Q4 from Rs 165.31 crore in the previous quarter, marking a 46.3 per cent drop, which helped cushion the impact on the bottom line. Chairman and Managing Director Amit Jain said that Arkade closed the fiscal year on a "strong operational note". He highlighted the company's successful pre-sales, timely construction milestones and continued expansion as key achievements. 'FY25 was a milestone year for Arkade Developers, with the acquisition of a 4-acre iconic land parcel in Goregaon, previously leased to Filmistan Private Limited, with an estimated gross development value (GDV) of Rs 2,000 crore,' Jain said in a statement. In total, the company acquired 17.5 acres across Mumbai's western suburbs -- including Andheri, Santacruz, Borivali, Malad and Dahisar -- adding up to a projected GDV of Rs 6,790 crore. The company also announced plans to expand into eastern Mumbai suburbs with greenfield projects, while continuing to build its pipeline of redevelopment projects in the west. Jain noted that the company's focus on luxury housing aligns with broader market trends, and Arkade is well-positioned to maintain sustainable growth. The company's stock closed the intra-day trading session nearly flat at Rs 164.44, up Rs 0.28 or 0.17 per cent on the National Stock Exchange (NSE).
Business Upturn
13-05-2025
- Business
- Business Upturn
Arkade Developers Q4 Results: Revenue rises 23% to Rs 131.4 crore, net profit jumps 69% YoY
By Aditya Bhagchandani Published on May 13, 2025, 14:29 IST Arkade Developers Limited reported a robust set of numbers for the fourth quarter ended March 31, 2025. The company posted a standalone net profit of Rs 33.26 crore in Q4 FY25, marking a 69% increase compared to Rs 19.62 crore in the same quarter last year. Revenue from operations also rose 23% year-on-year to Rs 131.4 crore from Rs 106.3 crore in Q4 FY24. The company's EBITDA for Q4 FY25 came in at Rs 44.5 crore, up from Rs 27 crore in the previous year. EBITDA margin improved sharply to 33.82%, compared to 22% in Q4 FY24, reflecting improved operational efficiency and margin expansion. Total income for the quarter stood at Rs 134.2 crore, while total expenses were reported at Rs 88.7 crore. Profit before tax stood at Rs 45.5 crore, significantly higher than Rs 25.2 crore YoY. Total tax expenses were Rs 12.2 crore. For the full year FY25, Arkade Developers recorded a net profit of Rs 156.9 crore versus Rs 122.9 crore in FY24, while revenue from operations stood at Rs 683.1 crore compared to Rs 634.7 crore in the previous year. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
