Arkade Developers Ltd — Q4 FY26 earnings call
Summary generated by AI from the official transcript Arkade Developers Ltd filed with BSE on 02 Jun 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Arkade Developers reported Q4 FY26 pre-sales of Rs. 303 crores, up 40% year-on-year, and full-year FY26 revenue of Rs. 828 crores, up 19.2% over FY25. Management disclosed a one-time exceptional accounting impact of Rs. 182.17 crores related to the write-off of tenancy rights following the Filmistan acquisition, which reduced FY26 PAT to Rs. 5 crores. The company also announced an MOU for a cluster redevelopment project in Kandivali East with an estimated GDV of Rs. 1100 crores.
Numbers mentioned
Pre-sales: Rs. 303 crores (Q4 FY26)
p. 6
“We achieved highest-ever quarterly pre-sales of Rs. 303 crores for Q4 FY26, a growth of 40% on year-on-year basis, vis-à-vis Rs. 217 crores in Q4 FY25.”
Samshet Shetye, page 6 of the filed PDF · View the filing
Area sold: 1,10,000 square feet (Q4 FY26)
p. 6
“The area sold during the quarter stood at 1,10,000 square feet, up 57% year-on-year, as compared with 70,000 square feet in previous corresponding quarters.”
Samshet Shetye, page 6 of the filed PDF · View the filing
Collections: Rs. 195 crores (Q4 FY26)
p. 6
“Collections for Q4 FY26 came in at Rs. 195 crores in Q4 FY26.”
Samshet Shetye, page 6 of the filed PDF · View the filing
Pre-sales: Rs. 901 crores (FY26)
p. 6
“We recorded pre-sales of Rs. 901 crores for FY26, a growth of 17% on year-on-year basis, as against Rs. 773 crores in the previous corresponding year.”
Samshet Shetye, page 6 of the filed PDF · View the filing
Collections: Rs. 728 crores (FY26)
p. 6
“Collections for FY26 came in at Rs. 728 crores, registering a year-on-year growth of 2%, from Rs. 716 crores in FY25.”
Samshet Shetye, page 6 of the filed PDF · View the filing
Revenue: Rs. 199 crores (Q4 FY26)
p. 6
“Our revenue for Q4 FY26 stood at Rs. 199 crores, up by 48%, compared to Rs. 134 crores in Q4 FY25.”
Samshet Shetye, page 6 of the filed PDF · View the filing
EBITDA: Rs. 38 crores (Q4 FY26)
p. 6
“EBITDA for the quarter stood at Rs. 38 crores.”
Samshet Shetye, page 6 of the filed PDF · View the filing
EBITDA margin: 19.4% (Q4 FY26)
p. 6
“The EBITDA margin for Q4 FY26 stood at 19.4%.”
Samshet Shetye, page 6 of the filed PDF · View the filing
Revenue: Rs. 828 crores (FY26)
p. 6
“Revenue for FY26 stood at Rs. 828 crores, compared to Rs. 695 crores in FY25, reflecting a growth of 19.2% year-on-year basis.”
Samshet Shetye, page 6 of the filed PDF · View the filing
EBITDA: Rs. 189 crores (FY26)
p. 6
“EBITDA for the period stood at Rs. 189 crores.”
Samshet Shetye, page 6 of the filed PDF · View the filing
EBITDA margin: 23.2% (FY26)
p. 6
“The EBITDA margin for FY26 stood at 23.2%.”
Samshet Shetye, page 6 of the filed PDF · View the filing
Profit after tax: Rs. 5 crores (FY26)
p. 6
“Profit after tax for FY25-26 stood at Rs. 5 crores, which is after giving the effect of exceptional item, which is a diminishing value of tenancy rights of Rs. 182 crores and income tax provision of Rs. 2 crores.”
Samshet Shetye, page 6 of the filed PDF · View the filing
Land acquisition cost (Filmistan): Rs. 165 crores
p. 4
“Outright acquisition of land, Arkade Developers acquired the underlying land parcel from Aspen Properties and Kamanwala Housing for a consideration of Rs. 165 crores, which was fully paid in January ‘25, consequently the ownership of the land now rests directly with Arkade Developers.”
Amit Jain, page 4 of the filed PDF · View the filing
Tenancy rights value (Filmistan): approximately Rs. 182.6 crores
p. 4
“The tenancy rights were valued at approximately Rs. 182.6 crores.”
Amit Jain, page 4 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Filmistan project launch — this financial year-end
stated firmly by Amit Jain
p. 7
“The project is under approval currently and we are looking at launching it by this year-end, financial year-end.”
Amit Jain, page 7 of the filed PDF · View the filing
EBITDA margin — around 25%
stated as an aspiration by Amit Jain
p. 7
“We are targeting around 25% margin.”
Amit Jain, page 7 of the filed PDF · View the filing
EBITDA margin — 27-28%
stated as an aspiration by Samshet Shetye
p. 7
“EBITDA margin is expected to stabilize around 27-28%.”
Samshet Shetye, page 7 of the filed PDF · View the filing
PAT margin — 18-19%
stated as an aspiration by Samshet Shetye
p. 7
“PAT margin is expected to stabilize at around 18-19%.”
Samshet Shetye, page 7 of the filed PDF · View the filing
Revenue growth — 20-25% · year-on-year
stated as an aspiration by Samshet Shetye
p. 7
“So, we expect about 20-25% growth year-on-year basis.”
Samshet Shetye, page 7 of the filed PDF · View the filing
Project pipeline GDV — Rs. 12,000 crores · next 5-6 years
stated firmly by Samshet Shetye
p. 7
“We have a pipeline of about Rs. 12,000 crores spread over the next 5-6 years.”
Samshet Shetye, page 7 of the filed PDF · View the filing
Revenue recognition timeline — six years
stated as an aspiration by Amit Jain
p. 8
“It should be done in around six years.”
Amit Jain, page 8 of the filed PDF · View the filing
Revenue growth — FY27
stated as an aspiration by Samshet Shetye
p. 9
“So, cumulatively, if you see FY27, we may do 20%-25%.”
Samshet Shetye, page 9 of the filed PDF · View the filing
Revenue growth — FY28, FY29
stated conditionally by Samshet Shetye
p. 9
“But once this Filmistan and Thane contribute for full year, then will have exponential growth in FY28, FY29.”
Samshet Shetye, page 9 of the filed PDF · View the filing
Filmistan project GDV — Rs. 3500 crores
stated conditionally by Amit Jain
p. 4
“Based on current estimates and subject to final approvals and design configurations, expected GDV of the project is Rs. 3500 crores.”
Amit Jain, page 4 of the filed PDF · View the filing
Filmistan bottom-line contribution — Rs. 1000-1200 crores · next 3-5 years
stated as an aspiration by Amit Jain
p. 4
“Estimated cumulative bottom-line contribution over next 3-5 years Rs. 1000-1200 crores.”
Amit Jain, page 4 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said they are targeting around 25% margin, with the CFO separately stating margin is expected to stabilize at 27-28%.
Answered by Amit Jain
Asked by Manish: What is the target EBITDA margin going forward given the recent quarter's decline?
p. 7
“We are targeting around 25% margin.”
Amit Jain, page 7 of the filed PDF · View the filing
Management pointed to a Rs. 12,000 crore pipeline over 5-6 years and expected 20-25% year-on-year growth.
Answered by Samshet Shetye
Asked by Manish: What is the revenue guidance for the next 2-3 years?
p. 7
“So, we expect about 20-25% growth year-on-year basis.”
Samshet Shetye, page 7 of the filed PDF · View the filing
Management said sales have been consistent but somewhat slower due to external macro factors, and lower than the Q4 growth rate.
Answered by Amit Jain
Asked by Manish: How have pre-sales trended in May compared to the strong Q4 growth?
p. 8
“Consistent only. They are a little slow because of the war impact and the fuel prices impact and the global economical situation.”
Amit Jain, page 8 of the filed PDF · View the filing
Management confirmed it is a one-off accounting effect from the demerger of tenancy rights, which will reduce future project costs.
Answered by Samshet Shetye
Asked by Vishal: Is the Rs. 182 crore diminution in tenancy rights value a one-off or does it have ongoing financial implications?
p. 8
“So, it's a one-off. See, as we explained in our presentation, you know, Filmistan acquisition was having two legs.”
Samshet Shetye, page 8 of the filed PDF · View the filing
Management said the Thane, Filmistan and cluster redevelopment projects would drive exponential growth in later years, with full pipeline recognition around six to seven years.
Answered by Amit Jain
Asked by Heet Shah: How long will it take to recognize the full revenue from the upcoming project pipeline, and is exponential growth expected?
p. 9
“Yes, Thane and Filmistan projects and other two cluster redevelopment projects will make the growth exponential.”
Amit Jain, page 9 of the filed PDF · View the filing
Risks flagged
Slower pre-sales pace attributed to geopolitical conflict, fuel prices, and global economic conditions
p. 8
“Consistent only. They are a little slow because of the war impact and the fuel prices impact and the global economical situation.”
Amit Jain, page 8 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.