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    Arkade Developers Limited

    ARKADE
    Realty·2 Jun 2026
    Management Summary

    Arkade Developers reported a strong Q4 and FY26, with record pre-sales and significant revenue growth. The company made strategic land acquisitions, including Filmistan Pvt. Ltd., and expanded its project pipeline. While PAT was affected by a one-time write-off, management expressed confidence in future growth driven by new launches and a healthy pipeline, targeting higher EBITDA and PAT margins.

    Highlights

    6

    • Highest-ever quarterly pre-sales of ₹303 crores for Q4 FY26, a 40% YoY growth.

    • FY26 pre-sales of ₹901 crores, a 17% YoY growth.

    • FY26 Revenue of ₹828 crores, a 19.2% YoY growth.

    • Q4 FY26 Revenue of ₹199 crores, a 48% YoY growth.

    • Strategic acquisition of Filmistan Pvt. Ltd. with a projected GDV of ₹3500 crores, expected to contribute ₹1000-1200 crores to bottom-line over 3-5 years.

    • Secured rights for cluster redevelopment in Kandivali East with a projected GDV of ₹1100 crores.

    Concerns

    2

    • PAT for FY25-26 was ₹5 crores, significantly impacted by a one-time exceptional item of ₹182.17 crores for diminution in value of tenancy rights.

    • Q1 FY27 pre-sales are currently slower due to 'war impact and the fuel prices impact and the global economical situation'.

    Key financials

    Metrics

    11

    Periods

    2

    Q4 FY26

    5
    • Revenue
      ₹199 Cr
      YoY+48%
    • EBITDA
      ₹38 Cr
    • EBITDA Margin
      19.4%
    • Pre-sales
      ₹303 Cr
      YoY+40%
    • Collections
      ₹195 Cr

    FY26

    6
    • Revenue
      ₹828 Cr
      YoY+19.2%
    • EBITDA
      ₹189 Cr
    • EBITDA Margin
      23.2%
    • PAT
      ₹5 Cr
    • Pre-sales
      ₹901 Cr
      YoY+17%

    Order Book

    high confidence

    Total Value

    ₹ 901 crores

    as of 2026-03-31

    quantified
    17.0% YoY

    Inflow this qtr

    ₹ 303 crores

    Execution

    pipeline of Rs. 12,000 crores to be recognized over next 6 years

    Pipeline

    other

    Pipeline of projects spread over the next 5-6 years, including Filmistan and Kandivali East redevelopment.

    "The company achieved its highest-ever quarterly pre-sales in Q4 FY26 and reported strong full-year pre-sales, driven by strategic acquisitions and a robust project pipeline."

    Source:
    Prepared remarks

    Capital allocation

    3
    high confidence
    CategoryHeadline
    Capex

    Capex disclosed

    fully paid in January '25

    M&A

    Filmistan Pvt. Ltd.

    acquisition · closed · Consideration ₹NaN (cash)

    M&A

    Cluster redevelopment at Ashok Nagar, Kandivali East

    joint venture · announced

    Guidance & targets

    10
    CategoryTargetPriority
    Profitability
    EBITDA Margin
    25%
    		High
    Profitability
    EBITDA Margin Stabilization
    27-28%
    		High
    Profitability
    PAT Margin Stabilization
    18-19%
    		High
    Revenue
    Revenue Growth
    20-25%
    		Medium
    Project Launch
    Filmistan Project Launch
    by financial year-end
    		High
    Project Contribution
    Filmistan Project Bottom-line Contribution
    ₹1000-1200 crores
    		High
    Project GDV
    Filmistan Project GDV
    ₹3500 crores
    		High
    Project GDV
    Kandivali East Redevelopment GDV
    ₹1100 crores
    		High
    Revenue Recognition
    Pipeline Revenue Recognition
    ₹12,000 crores
    		High
    Growth Rate
    Exponential Growth
    exponential growth
    		Medium

    What to watch in Q1 FY27

    5

    Filmistan Project Launch

    FY27
    CurrentUnder approval
    TargetLaunched by financial year-end (FY27)

    Why it matters

    Launch of this high-value project is key to realizing its projected GDV and bottom-line contribution.

    The project is under approval currently and we are looking at launching it by this year-end, financial year-end.

    Risks & concerns

    2
    RiskSeverity

    Global macro-economic slowdown impacting pre-sales

    Q1 FY27 pre-sales are 'a little slow' due to 'war impact and the fuel prices impact and the global economical situation'. This could affect near-term booking velocity. — Management acknowledged

    medium

    One-time exceptional write-off impacting profitability

    PAT for FY26 was significantly reduced by a one-time write-off of ₹182.17 crores related to the diminution in value of tenancy rights from the Filmistan acquisition. Management clarified it's a one-off. — Management acknowledged

    low

    Q&A highlights

    7

    “The project is under approval currently and we are looking at launching it by this year-end, financial year-end.”

    Clarifies the expected launch timeline for a significant new project, crucial for future revenue.

    asked by Manish

    2 min read5 chapters

    Detailed Narrative

    01

    Q4 and Full Year FY26 Performance Overview

    Arkade Developers reported robust financial performance for Q4 and the full year FY26. Q4 FY26 saw the highest-ever quarterly pre-sales of ₹303 crores, marking a 40% year-on-year growth. Full-year FY26 pre-sales reached ₹901 crores, an increase of 17% from FY25. Revenue for Q4 FY26 grew by 48% YoY to ₹199 crores, while full-year revenue stood at ₹828 crores, up 19.2% from FY25. EBITDA margin for FY26 was 23.2%.

    02

    Strategic Acquisitions and Project Pipeline Expansion

    The company completed the strategic acquisition of Filmistan Pvt. Ltd. in FY26, involving a land parcel acquisition for ₹165 crores and tenancy rights. This project, located in Goregaon West, has an expected Gross Development Value (GDV) of ₹3500 crores and is projected to contribute ₹1000-1200 crores to the bottom line over the next 3-5 years. Additionally, Arkade signed an MOU for a cluster redevelopment project in Kandivali East with a projected GDV of ₹1100 crores, further strengthening its project pipeline of ₹12,000 crores over the next 5-6 years.

    03

    Market Trends and Customer Preferences

    Management noted a significant evolution in the residential real estate landscape, with luxury segments surging in FY25-26, now accounting for 44% of sales in MMR by area. Consumers are increasingly prioritizing aspirational lifestyles, superior experiences, and integrated living. The market is experiencing steady price appreciation, low inventory, and robust demand, with infrastructure development like the Mumbai-Trans-Harbour link boosting property values in extended hubs.

    04

    Profitability Impact and Future Margin Targets

    Profit after tax for FY25-26 was ₹5 crores, significantly impacted by a one-time📎 exceptional accounting write-off of ₹182.17 crores related to the diminution in value of Filmistan's tenancy rights. Management clarified this was a one-off📎 event. Looking ahead, the company targets an EBITDA margin of 25%, with stabilization expected at 27-28%, and a PAT margin stabilization at 18-19%, driven by new project contributions.

    05

    Growth Outlook and Project Launches

    Arkade anticipates a 20-25% year-on-year revenue growth, with a 'good spike' expected next financial year (FY27) due to the launch of the Thane project. The Filmistan project is expected to launch by the financial year-end. Management projects exponential growth in FY28 and FY29 once the Filmistan and Thane projects contribute for a full year, indicating strong confidence in the long-term growth trajectory.

    This is an AI-generated summary of a publicly available earnings call transcript. It is for informational purposes only and does not constitute investment advice, a recommendation, or an endorsement. inve.money is not a SEBI-registered investment advisor. Please consult a qualified financial advisor before making any investment decisions.