Arkade Developers Shares in Focus After Release of Q2 FY25 Results

On November 13, 2024, Arkade Developers Limited, one of Mumbai’s leading real estate development firms, announced its financial results for the second quarter (Q2 FY25) and the first half (1H FY25) of the fiscal year, ending September 30, 2024.  During Q2 FY25, the company’s pre-sales collection grew 12% YoY to ₹215.36 crore while collections amounted to ₹179.73 crore, reflecting a growth of 43%.

Arkade Developers Q2FY25 Results

For Q2 FY25, Arkade Developers posted revenue of ₹203.34 crore. Net profit for the quarter stood at ₹43.36 crore, with EBITDA at ₹60.41 crore. The strong growth in the first half was driven by robust pre-sales momentum in recent quarters, with the recognition of this revenue reflected in 1H FY25.

1HFY25 Performance Overview

For the first half of FY25, the company reported a 20.4% year-on-year (YoY) growth in revenue, reaching approximately ₹328.85 crore. Net profit for 1H FY25 surged 35.2%, amounting to around ₹73.58 crore, while Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) increased by 36.9%, totalling approximately ₹102.49 crore.

Commenting on the Q2 & Hl FY25 results, Mr Amit Jain, Chairman and Managing Director, Arkade

Developers Limited said, “Building on our impressive Q1 performance, we’re delighted to announce another quarter of outstanding operational and financial results, fueled by revenue from last year’s pre-sales. Capitalizing on the surging demand for luxury housing in the Mumbai Metropolitan Region (MMR), we’re poised for sustained growth, generating long-term value for all stakeholders. Our recent launch of Arkade Rare at Bhandup was well received and this single-phase development is in rapid construction progress. 

Looking ahead, we’ve lined up strategic launches for the next two quarters to maintain momentum. Our expansion into Eastern Mumbai suburbs and a robust pipeline of redevelopment projects will drive growth, backed by our solid balance sheet and healthy cash flows.”

On November 14, 2024, Arkade Developers shares opened at ₹136.10 and reached the day low of ₹134.10 at 09:30 AM.

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