| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 224.62 | 11.4% |
| Total Income | 231.41 | 13.8% |
| Expenditure | 165.31 | 14.2% |
| PBT | 66.65 | 14.1% |
| Net Profit | 50.08 | 15.5% |
| OPM | 25.91% | 1.27pp |
| NPM | 21.64% | 0.31pp |
| EPS | 3.04 | 7.8% |
Arkade Developers Reports Strong 9M FY25 Results: Net Profit Rises 19.7% YoY to INR 124 Cr, Revenue Stands at INR 560 Cr
24 Jan 2025 · 24 Jan 2025, 06:51 pm
Summary
Arkade Developers Limited, a leading real estate development company in Mumbai, announced its unaudited financial results for the quarter and nine months ended December 31, 2024. The company reported a revenue growth of 9.3% YoY at INR 560 Cr for the nine months period. EBITDA grew 20.5% to INR 170 Cr; while Net profit for the nine months rose 19.7% to INR 124 Cr. The Company added three new redevelopment projects in the western suburbs of Mumbai, adding to its robust pipeline of 8 upcoming projects in the MMR region.
Key Highlights
- 1
9M FY25 Net Profit rose 19.7% YoY to INR 124 Cr
- 2
Revenue for 9M FY25 stood at INR 560 Cr
- 3
EBITDA for 9M FY25 stood at INR 170 Cr
- 4
Three new redevelopment projects added in Mumbai
- 5
Robust pipeline of 8 upcoming projects in the MMR region
- 6
Q3 FY25 Net Profit grew 15.4% to INR 50 Cr on QoQ basis
- 7
Revenue for Q3 FY25 stood at INR 231 Cr
- 8
EBITDA for Q3 FY25 stood at INR 68 Cr
Management Comments
Mr. Amit Jain
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 OC one 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.
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