Realty company Arkade Developers announced Q3FY25 & 9MFY25 results 9MFY25 Pre-Sales grew 23.8% to Rs 556 crore; collections rose 16% to Rs 478 crore Net profit for 9MFY25 grew 19.7% to Rs 124 crore; Revenue stood at Rs 560 crore; while EBITDA stood at Rs 170 crore Net profit for Q3FY25 grew 15.4% to Rs 50 crore on QoQ basis; Revenue stood at Rs 231 crore; while EBITDA stood at Rs 68 crore Amit Jain, Chairman and Managing Director, Arkade Developers said: " The Company's performance in the third quarter has been in line with expectations. We have continued to build on the momentum of the first half of the financial year, with strong pre-sales and revenue recognition from the previous months. The real estate market in Mumbai is witnessing a shift in consumer preferences towards more luxury housing. Our strategy is already aligned with this trend as our focus increases towards this sub-segment of the market. One of our luxury developments, Arkade Aura, situated at Santacruz west received OCone year before the targeted RERA date & we completed this project with 26 Months from CC to OC. Moreover, in January 2025, we added three new redevelopment projects in the western suburbs of Mumbai. These comprise about 5 acres of development with a saleable carpet area of about 5.85 lac square feet. Overall, we have a robust pipeline of 8 upcoming projects in the MMR region. We are optimistic about this fiscal year, based on our expansion strategy across various Mumbai suburbs, supported by our portfolio of redevelopment projects. Our focus remains on generating sustainable value for all stakeholders." Result PDF
Realty company Arkade Developers announced Q1FY25 results Financial Highlights: Revenue from operations grew at 102.98% from Rs 6,177.16 Lakh for Q1FY24 to Rs 12,538.13 Lakh for Q1FY25. EBIDTA grew at 319.37% from Rs 1,003.55 Lakh for Q1FY24 to Rs 4,208.55 Lakh for Q1FY25. Profit Before Tax (PBT) grew at 333.77% from Rs 942.60 Lakh for Q1FY24 to Rs 4,088.74 Lakh for Q1FY25. Profit After Tax (PAT) grew at 359.51% from Rs 657.63 Lakh for Q1FY24 to Rs 3,021.89 Lakh for Q1FY25. Commenting on the Q1FY25 results, Amit Jain, Chairman and Managing Director, Arkade Developers said: "India's robust economy and proactive policies have positioned itself as a global leader. The Indian real estate market, particularly the luxury housing segment, has witnessed strong demand driven by urbanization and rising incomes. We are pleased to announce successful results for the quarter. We successfully launched Arkade Views & Vistas and have given possessions of over 380 homes to satisfied customers at Arkade Aspire and Arkade Crown in the last quarter. We are also preparing to launch Arkade Rare in Bhandup West and are expanding presence through strategic land acquisitions in MMR. Our promise to sustainable growth and creating value for all stakeholders remains constant". Result PDF