Arkade Developers , a prominent real estate developer, has announced its unaudited financial results for the first quarter, ending June 30. The company has reported robust performance and declared an interim dividend, showcasing its commitment to shareholder value.

Financial Highlights

Arkade Developers reported impressive standalone financial results for Q1:

The company's revenue from operations stood at Rs. 15,944.58 lakhs, while the total income, including other income of Rs. 610.14 lakhs, reached Rs. 16,554.72 lakhs. Arkade Developers achieved a profit before tax of Rs. 3,820.15 lakhs and a profit after tax of Rs. 2,875.53 lakhs for the quarter.

Dividend Declaration

The Board of Directors has declared a first interim dividend of Re. 1 per equity share (10% of the face value). The record date for determining shareholder eligibility is set for August 1, with the dividend payment to be made on or before August 12.

Management's Commitment to Shareholder Value

Promoter Amit Mangilal Jain and Executive Directors Arpit Vikram Jain and Sandeep Ummedmal Jain have decided to forgo their rights to receive the interim dividend. This decision aims to enhance shareholder value and demonstrates the management's confidence in the company's future prospects.

Utilization of IPO Proceeds

Arkade Developers completed its Initial Public Offering (IPO) in the previous fiscal year, raising Rs. 38,106.50 lakhs (net of share issue expenses). As of June 30, the company has utilized Rs. 30,394.98 lakhs of the IPO proceeds, with Rs. 7,711.52 lakhs remaining unutilized. The funds have been allocated as follows:

1. Funding Development Expenses: Rs. 17,492.18 lakhs utilized out of Rs. 25,000 lakhs allocated.
2. Funding acquisition of land for real estate projects and general corporate purposes: Rs. 12,902.80 lakhs utilized out of Rs. 13,106.50 lakhs allocated.

Consolidated Performance

On a consolidated basis, Arkade Developers, along with its subsidiaries and associates, reported a total income of Rs. 16,522.68 lakhs and a profit after tax of Rs. 2,875.54 lakhs for Q1.

Outlook

With a strong start to the fiscal year, Arkade Developers continues to focus on its core business of real estate development. The company's robust financial performance, strategic use of IPO proceeds, and shareholder-friendly dividend policy position it well for sustained growth in the real estate sector.

Investors and stakeholders are advised to consult the detailed financial results and disclosures made by the company for a comprehensive understanding of its performance and future prospects.

Arkade Developers , a prominent real estate company, has released its investor presentation for the first quarter of fiscal year 2025-26, highlighting significant growth in pre-sales and collections.

Financial Highlights

• Pre-sales reached ₹142.00 crores, marking a 17.1% year-on-year increase from ₹121.00 crores.
• Collections grew impressively by 41.8% to ₹170.00 crores, up from ₹120.00 crores in the same quarter last year.
• The company sold 48,000 sq.ft. of carpet area, a 26.5% increase from 38,000 sq.ft. in Q1 FY25.
• Revenue stood at ₹165.00 crores.
• Net profit was reported at ₹34.00 crores.
• EBITDA reached ₹29.00 crores.

Dividend Announcement

Arkade Developers announced a maiden interim dividend, demonstrating confidence in its financial position and commitment to shareholder returns.

Portfolio Expansion

The company has expanded its project portfolio with three new acquisitions:

1. Filmistan in Goregaon with a projected Gross Development Value (GDV) of ₹3,216.00 crores.
2. A project in Thane worth ₹2,000.00 crores.
3. Jal Ratna in Goregaon valued at ₹350.00 crores.

Company Overview

Arkade Developers has successfully delivered 31 projects to date. The company currently maintains ongoing projects with a projected turnover of ₹3,312.00 crores, indicating a strong pipeline for future growth.

Management Commentary

Amit Mangilal Jain, Chairman and Managing Director of Arkade Developers, attributed the company's performance to execution excellence and strong demand in the luxury housing segment. He stated, "Our focus on quality execution and understanding of market demands has led to this robust performance in pre-sales and collections."

Outlook

With a growing project portfolio and strong financial performance, Arkade Developers appears well-positioned in the real estate market. The company's ability to capitalize on the demand for luxury housing and efficiently execute its ongoing and newly acquired projects will be crucial for maintaining this growth trajectory in the coming quarters.

Investors and stakeholders will likely keep a close eye on how Arkade Developers leverages its expanded portfolio and manages its growth in the dynamic real estate sector.