Arkade Developers , a prominent real estate company, has reported impressive growth in its first year as a listed entity. The company's performance highlights its strong position in the market and ambitious plans for future expansion.

Financial Performance

Arkade Developers demonstrated robust financial results in its inaugural year as a public company:

The company's significant growth in net profit, outpacing revenue growth, suggests improved operational efficiency and cost management.

Operational Highlights

• Launched three new residential projects
• Delivered four completed projects
• Total completed portfolio: 31 projects covering 5.5 million sq. ft.

IPO Success and Market Performance

Arkade Developers' initial public offering (IPO) was met with overwhelming investor interest:

• IPO oversubscribed 107 times
• Listed at a 37% premium to the offer price
• Entered India's top 1,000 companies by market capitalization within four months of listing

Shareholder Returns

In a move that demonstrates confidence in its financial position and commitment to shareholder value, Arkade Developers declared its first interim dividend of 10%. Notably, the company's promoters chose to forgo their dividend entitlement, potentially allowing for greater returns to other shareholders.

Future Outlook

Arkade Developers has outlined an ambitious growth strategy:

1. Plans to launch over 10 new projects across Mumbai and Thane
2. Acquired Filmistan Studios property, worth ₹3,200.00 crore in Gross Development Value (GDV)
3. Secured a Thane land parcel worth ₹2,000.00 crore in GDV
4. Total development pipeline valued at ₹12,000.00 crore

Investor Relations

According to a recent corporate filing, Arkade Developers is maintaining active engagement with the investment community. The company has scheduled an investor/analyst meet in Mumbai, demonstrating its commitment to transparency and open communication with stakeholders.

Arkade Developers' strong performance in its first year as a listed company, coupled with its substantial project pipeline and strategic acquisitions, positions the company for potential continued growth in the competitive real estate market of Mumbai and Thane regions.

Arkade Developers Limited, a prominent luxury real estate developer in Mumbai, has announced a significant expansion of its portfolio through a strategic acquisition. The company has entered into a Share Purchase Agreement (SPA) to acquire a 100% stake in Woollen and Textile Industries Ltd for ₹148.00 crore, marking its second acquisition in Bhandup West.

Key Highlights of the Acquisition

Strategic Implications

This acquisition aligns with Arkade Developers' vision of creating value-driven developments at strategic locations. The company, known for its 'Family-First' philosophy, aims to unlock the potential of this newly acquired land parcel and contribute to urban transformation in the area.

Management's Perspective

Mr. Amit Jain, Chairman and Managing Director of Arkade Developers, commented on the acquisition: "This acquisition underlines Arkade Developers' vision of creating value-driven developments at strategic locations. With our legacy of trust, timely delivery, and quality construction, we look forward to unlocking the potential of this land parcel and contributing meaningfully to urban transformation."

Arkade Developers' Growing Portfolio

The acquisition in Bhandup West adds to Arkade Developers' impressive portfolio of projects across Mumbai's central corridor:

• Arkade Earth in Kanjurmarg (4 acres)
• Arkade Nest in Mulund (2 acres)
• Arkade Rare in Bhandup (3 acres)

Additionally, the company recently announced its strategic entry into the Thane market with a 6.28-acre land acquisition.

Company Profile

Arkade Developers has established itself as a symbol of quality and excellence in Mumbai's real estate sector over the past 39 years. Under Mr. Amit Jain's leadership, the company has:

• Completed 31 projects
• Created homes for over 5,500 families
• Developed over 5.5 million square feet of property
• Currently has 2+ million square feet under construction

The company is renowned for its commitment to timely project deliveries, innovative designs, and use of advanced technologies.

This latest acquisition reinforces Arkade Developers' position as a key player in Mumbai's real estate market, demonstrating its commitment to growth and strategic expansion in prime locations.