Ashiana Housing Q3 Sales Rise Sequentially Despite Nine-Month Performance Decline

Ashiana Housing Ltd reported a sequential improvement in sales and area bookings in the third quarter of FY26, even as its performance for the nine months ended December 2025 remained below the corresponding period of last year due to fewer large project launches.

Q3FY26 Performance Shows Sequential Recovery

The company demonstrated steady quarter-on-quarter growth across key metrics during Q3FY26. Area bookings increased to 5.56 lakh sq ft from 4.13 lakh sq ft in Q2FY26, while sales value rose significantly to ₹401.07 crore from ₹303.43 crore in the previous quarter. The company sold 357 units during the quarter, up from 307 units in Q2FY26.

Metric	Q3FY26	Q2FY26	Q3FY25
Area Booked	5.56 lakh sq ft	4.13 lakh sq ft	6.77 lakh sq ft
Sales Value	₹401.07 crore	₹303.43 crore	₹454.16 crore
Units Sold	357 units	307 units	451 units

New Project Launches Drive Q3 Growth

Sales during Q3FY26 were supported by strategic project launches, including Ashiana Amaya in Jamshedpur and Vatsalya phase-II in Chennai. These launches contributed to the sequential improvement in performance metrics.

In comparison, Q3FY25 had benefited from multiple high-value launches that generated substantial sales:

Project	Location	Sales Contribution
Ashiana Swarangan phase-I	Chennai	Part of ₹191.27 crore
Ashiana Amodh phase-II	Pune	Part of ₹191.27 crore
Ashiana Ekansh phase-IV	Jaipur	Part of ₹191.27 crore
Ashiana Amarah phase-IV	-	₹82.15 crore

These projects together accounted for 183 units and combined sales of ₹191.27 crore, with Ashiana Amarah phase-IV alone contributing ₹82.15 crore during Q3FY25.

Nine-Month Performance Trails Previous Year

For the nine months ended December 2025, Ashiana Housing's performance remained below the previous year's levels. Total area bookings declined to 15.64 lakh sq ft from 18.47 lakh sq ft in the same period last year, while sales value decreased to ₹1,135.47 crore compared with ₹1,362.17 crore in 9MFY25.

Period	9M FY26	9M FY25	Change
Area Bookings	15.64 lakh sq ft	18.47 lakh sq ft	-15.33%
Sales Value	₹1,135.47 crore	₹1,362.17 crore	-16.64%

The stronger performance in the previous year was largely driven by the launch of Amara phase-IV in Gurugram, which generated substantial sales of ₹503.81 crore during the first nine months of FY25.

Market Performance and Outlook

While the year-on-year decline reflects a lighter launch pipeline, Ashiana Housing's sequential recovery in Q3FY26 indicates steady underlying demand in the residential real estate market. The company's future growth trajectory is expected to depend on the timing and scale of upcoming project launches.

Ashiana Housing Ltd shares closed at ₹288.00 on Friday, January 9, registering a gain of ₹3.55 or 1.25% during the trading session, reflecting investor confidence in the company's sequential recovery momentum.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.69%	+1.18%	-2.75%	-15.22%	-26.82%	+175.65%

Ashiana Housing Ltd has announced its operational performance for Q3FY26, reporting area bookings of 5.56 lakh sq. ft. with a sales value of ₹401.07 crores. The real estate developer's quarterly performance shows a decline compared to the same period last year when it recorded 6.77 lakh sq. ft. of area bookings worth ₹454.16 crores.

Quarterly Performance Analysis

The company's Q3FY26 performance demonstrates mixed results across different metrics. While the quarter saw improved performance compared to Q2FY26, it fell short of the previous year's corresponding quarter figures.

Metric	Q3 FY26	Q2 FY26	Q3 FY25	Change (QoQ)	Change (YoY)
Area Booked (lakh sq. ft.)	5.56	4.13	6.77	+34.6%	-17.9%
Sales Value (₹ Crores)	401.07	303.43	454.16	+32.2%	-11.7%
Units Booked	357	307	451	+16.3%	-20.8%

New Project Launches Drive Q3 Performance

The quarter was marked by the launch of two significant projects that contributed substantially to the sales figures. Ashiana Amaya in Jamshedpur and Vatsalya Phase-II in Chennai were launched during Q3FY26, generating strong initial response from buyers.

Project Details	Ashiana Amaya & Vatsalya Phase-II
Total Units Available	402 units
Units Sold	149 units
Area Sold	2.67 lakh sq. ft.
Sales Value	₹198.62 crores

Nine-Month Performance Comparison

For the nine-month period ending December 31, 2025, Ashiana Housing recorded total area bookings of 15.64 lakh sq. ft. valued at ₹1,135.47 crores. This represents a decline from the previous year's corresponding period, which saw 18.47 lakh sq. ft. of bookings worth ₹1,362.17 crores.

Period	9M FY26	9M FY25	Change (%)
Area Booked (lakh sq. ft.)	15.64	18.47	-15.3%
Sales Value (₹ Crores)	1,135.47	1,362.17	-16.6%

The company attributed the higher sales in the previous year primarily to the launch of Amara Phase-4 in Gurugram, where 3.49 lakh sq. ft. out of 4.79 lakh sq. ft. was sold during the nine-month period FY25, generating sales value of ₹503.81 crores.

Project Handovers and Delivery Milestones

Q3FY26 also witnessed significant delivery milestones with handover commencement for three key projects across different locations:

Ashiana Malhar Phase-I in Pune
Ashiana Dwarka Phase-V in Jodhpur
Ashiana Ekansh Phase-I in Jaipur

These handovers represent the company's commitment to timely project delivery and contribute to revenue recognition in the current financial year.

Market Context and Performance Drivers

The operational update reveals the impact of project launch timing on quarterly performance. While Q3FY25 benefited from multiple major launches including Ashiana Swarang Phase-I in Chennai, Ashiana Amodh Phase-II in Pune, and Ashiana Ekansh Phase-IV in Jaipur, the current quarter's performance was supported by the two new launches that achieved solid initial sales traction.