Arkade Developers Shares Zoomed Over 4% After Release of Q1 FY25 Results

On October 10, 2024, Arkade Developers Limited announced its financial results for the first quarter of FY25. The company reported consolidated revenue of ₹12,538.13 lakhs for Q1 FY25, a significant increase from ₹6,177.16 lakhs in Q1 FY24 and slightly up from ₹12,288.60 lakhs in Q4 FY24. 

Consolidated profit before tax for Q1 FY25 reached ₹4,088.74 lakhs, compared to ₹942.60 lakhs in Q1 FY24 and ₹2,521.53 lakhs in Q4 FY24. Additionally, consolidated profit after tax for Q1 FY25 was ₹3,021.89 lakhs, up from ₹657.63 lakhs in Q1 FY24 and ₹1,961.27 lakhs in Q4 FY24.

Commenting on the Q1 FY25 results, Mr Amit Jain, Chairman and Managing Director of Arkade Developers Limited 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 our presence through strategic land acquisitions in MMR. Our promise to sustainable growth and creating value for all stakeholders remains constant.

On October 11, 2024, Arkade Developers shares opened at 166.30 and touched the day high of 172.70 at 10:00 AM.

About Arkade Developers Limited

Arkade Developers is a premier real estate developer focused on developing high-end, sophisticated lifestyle residential developments in Mumbai, Maharashtra.

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