arihant foundations & housing has acquired a prime land parcel measuring over half an acre on Anna Salai (Mount Road), Chennai, adjacent to Hyatt Regency Chennai. The company proposes to develop a boutique Grade A commercial office project on the site, with an estimated Gross Development Value (GDV) of approximately ₹300 crore. This strategic move aims to expand the company's commercial real estate portfolio through high-quality assets in prime, land-scarce micro-markets within the city.

The acquisition was disclosed to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The site is situated in the heart of the city's central business district, an established commercial micro-market. The proposed development is intended to address demand for quality office space from corporates, global capability centres (GCCs), information technology, financial services, and engineering sectors.

This transaction follows a recent acquisition by the company of a land parcel of similar extent near Boat Club. These actions reflect a development model focused on acquiring well-located parcels in prime pockets of the city and developing them into boutique Grade A office buildings. The model prioritizes design-led, high-specification developments in central locations where large land parcels are rarely available.

Kamal Lunawath, Managing Director of Arihant Foundations & Housing Ltd, stated that Mount Road is Chennai's most prestigious commercial address and that demand for premium Grade A office space in the central business district continues to strengthen. He emphasized that this development is an important step in expanding their commercial portfolio and creating a landmark asset reflecting the company's four decades of experience.

Arihant Foundations & Housing Limited is a Chennai-based real estate company with over four decades of experience and a delivery track record exceeding 25 Million sq. ft. The company's ongoing project portfolio has a GDV of ₹11,251 Cr spanning approximately 8 Million sq. ft., covering luxury residential, commercial, senior living, and plotted developments.

Arihant Foundations & Housing reported a consolidated net profit of ₹5,897 lakh for the year ended March 31, 2026, representing a 20.7% increase from ₹4,270 lakh in the previous year. Revenue from operations surged 103.6% to ₹42,032 lakh from ₹20,644 lakh in FY25, primarily driven by the company's real estate development segment and highest ever pre-sales of ₹513.70 crore. The Board of Directors approved the audited standalone and consolidated financial results at a meeting held on May 29, 2026. Subsequently, the company filed an investor presentation for Q4FY26 with BSE on June 5, 2026, detailing its operational and financial performance.

Consolidated Financial Performance

For the quarter ended March 31, 2026, the company recorded a consolidated net profit of ₹429 lakh, compared to ₹1,147 lakh in the same period last year. Total revenue for the quarter stood at ₹15,753 lakh, a significant rise from ₹7,444 lakh in Q4FY25. Total expenses for the year increased to ₹34,917 lakh from ₹16,354 lakh in the prior year, largely due to higher construction and project expenses which rose to ₹36,824 lakh.

Operational Highlights

Management attributed the strong performance to accelerated completions and improved collections. Pre-sales for FY26 reached ₹513.70 crore, a 28% year-on-year increase, while collections rose 49% to ₹359.56 crore. The area sold during the year grew 72% to 5,69,261 sq ft. In Q4FY26 alone, pre-sales jumped 46% quarter-on-quarter to ₹183.27 crore, with area sold increasing 122% to 2,53,268 sq ft. As of March 31, 2026, the ongoing portfolio spans 8.11 million sq. ft. across residential, luxury, senior housing, and commercial segments, with a total Gross Development Value (GDV) of ₹11,251 crore.

Standalone Results and Capital Structure

On a standalone basis, net profit for FY26 rose to ₹3,072 lakh from ₹2,546 lakh in FY25. Revenue from operations increased to ₹30,671 lakh from ₹12,226 lakh. The company's total assets stood at ₹72,523 lakh as of March 31, 2026, while total equity and liabilities were recorded at ₹1,01,781 lakh on a consolidated basis. Subsequent to the balance sheet date, warrant holders exercised options to convert 8,96,873 outstanding convertible warrants into equity shares. The Board allotted 2,45,000 shares on May 09, 2026, and 6,51,873 shares on May 15, 2026, increasing the paid-up equity share capital to ₹10,86,24,970.

Auditor and Regulatory Compliance

M/s. B.P Jain & Co, Statutory Auditors, issued an unmodified opinion on the audited standalone and consolidated financial results. The results were reviewed and recommended by the Audit Committee and approved by the Board. The financial statements were prepared in compliance with Indian Accounting Standards (Ind AS) and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.