Arihant Foundations & Housing Reports Robust 77% Revenue Growth in Q2

Arihant Foundations & Housing , a Chennai-based real estate developer with a 40-year legacy, has reported strong financial results for the second quarter. The company's performance showcases significant growth and underscores its strong position in the real estate market.

Financial Highlights

Arihant Foundations & Housing delivered impressive quarterly results:

Metric	Q2	YoY Growth
Revenue	₹90.10 crores	77.00%
Profit After Tax	₹20.10 crores	89.90%

The substantial increase in both revenue and profit demonstrates the company's robust performance and effective execution of its business strategies.

Company Overview

Arihant Foundations & Housing has established itself as a significant player in the real estate sector over the past four decades. The company focuses on an asset-light joint venture model, concentrating on three key segments:

Residential
Commercial
Senior Living

With a gross development value of ₹6,336.00 crores across its ongoing projects, Arihant Foundations & Housing is well-positioned in the market.

Project Portfolio

The company's diverse project portfolio includes:

Commercial Projects: Notable developments like Silhouette in Guindy (3,00,000 sq ft) and Sublime in OMR (3,20,000 sq ft)
Senior Housing: Swarang in Nemmeli (ECR) and Shubam in GST, catering to the growing demand for specialized senior living spaces
Luxury Residential: High-end projects such as Here & Now in Perungudi (6,60,000 sq ft) and Project V in Velechery (7,50,000 sq ft)
Uber Luxury: Exclusive developments like Chirla in Poes Garden and Miraya in Besant Nagar

Strategic Growth Initiatives

Arihant Foundations & Housing is implementing a 5x growth strategy, leveraging its extensive experience and market positioning. Key aspects of this strategy include:

Market Focus: Capitalizing on Tamil Nadu's rapid growth (11.19% GSDP growth) and Chennai's booming office market
Infrastructure Catalysts: Benefiting from major infrastructure developments like Metro Phase II, new expressways, and a new airport
Redevelopment Opportunities: Leveraging reforms allowing 75% consent and 4x FSI for redevelopment projects

Management Expertise

The company's growth is driven by an experienced management team:

Kamal Lunawath (Managing Director): Over 27 years of leadership, specializing in IT parks, townships, and luxury apartments
Vimal Lunawath (CFO & Whole-time Director): 24 years of industry expertise, focusing on large-scale residential complexes
Arun Rajan (CEO): A decade of experience in streamlining processes and driving business development

Future Outlook

With its strong project pipeline, strategic market positioning, and experienced management team, Arihant Foundations & Housing appears well-equipped to capitalize on the growing real estate opportunities in Chennai and Tamil Nadu. The company's focus on diverse segments, including the emerging senior living sector, positions it to meet evolving market demands.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.78%	+0.70%	+0.88%	+7.24%	+70.61%	+6,346.61%

Arihant Foundations & Housing Limited , a prominent real estate developer in Chennai, has made a significant move in the property market by acquiring two premium land parcels in the city's Central Business District (CBD). The company announced these strategic acquisitions, which have an estimated Gross Development Value (GDV) of ₹500 crores, marking a substantial expansion of its portfolio.

Strategic Acquisitions

The two land parcels, located in prime areas of Chennai's CBD, are set to be developed into high-end projects:

Location	Project Type	Details
Near Boat Club	High-end Office	Catering to corporate occupiers
Kilpauk	Luxury Residential	Contemporary design with world-class amenities

These acquisitions align with Arihant Foundations' strategy to strengthen its presence in Chennai's most sought-after micro-markets and reinforce its focus on premium real estate development.

Management's Perspective

Mr. Kamal, Managing Director of Arihant Foundations, emphasized the company's commitment to creating differentiated spaces in Chennai's prized locations. He stated, "These CBD acquisitions reinforce Arihant's focus on elevating the city's real estate landscape with high-end assets that deliver enduring lifestyle and commercial value."

Company Overview

Arihant Foundations & Housing Limited brings over four decades of experience to the real estate sector. The company's current portfolio includes:

Over 5 million sq.ft. under development
Projects with a total GDV exceeding ₹6,000 crores
A mix of premium residential, commercial, and mixed-use developments

Market Impact

This move by Arihant Foundations is likely to be closely watched by investors and industry observers. The strategic acquisition of prime CBD land parcels demonstrates the company's confidence in the Chennai real estate market and its ability to execute high-value projects.

As the real estate sector continues to evolve, particularly in metropolitan areas, Arihant Foundations' focus on premium developments in prime locations could potentially position it well for future growth in the competitive Chennai property market.

Investors and market analysts will be keen to see how these new acquisitions impact the company's financial performance and market position in the coming quarters.