Ashiana Housing Reports Strong Q3 FY26 Results with Revenue of INR373.35 Crores
Ashiana Housing Limited reported strong Q3 FY26 results with total revenue of INR373.35 crores and PAT of INR56.65 crores, representing significant growth from the previous quarter. The company surpassed its FY26 presales target of INR2,000 crores, driven by strong performance in the Ashiana Aaroham project. For nine months ended December 2025, the company achieved total presales of INR1,131.44 crores with healthy cash flows of INR409.77 crores, while continuing its strategic focus on senior living projects and geographical expansion.

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Ashiana Housing Limited delivered strong financial performance in Q3 FY26, demonstrating robust growth across key metrics. The company reported significant improvements in revenue and profitability, driven by higher deliveries and strong sales momentum in its flagship projects.
Financial Performance Highlights
The company's financial results for Q3 FY26 showed substantial growth compared to the previous quarter:
| Metric | Q3 FY26 | Q2 FY26 | Change |
|---|---|---|---|
| Total Revenue | INR373.35 crores | INR176.18 crores | +112% |
| Profit After Tax | INR56.65 crores | INR27.54 crores | +106% |
| Pre-tax Operating Cash Flow | INR179.05 crores | - | - |
| Sale Value of Area Booked | INR397.03 crores | INR303.43 crores | +31% |
For the nine months ended December 2025, the company maintained strong performance with total presales at INR1,131.44 crores, total revenue at INR852.25 crores, and PAT at INR96.91 crores. Pre-tax operating cash flows for the nine-month period reached INR409.77 crores, supported by steady sales momentum and strong collections.
Project Sales and Construction Progress
The company achieved its sale value of area booked of INR397.03 crores for Q3 FY26, primarily driven by new launches including Ashiana Amaya in Jamshedpur and Ashiana Vatsalya Phase 2 in Chennai. Equivalent area constructed for Q3 FY26 stood at 6.14 lakh square foot compared to 7.25 lakh square foot in Q2 FY26, with construction impacted by GRAP-related restrictions in Delhi NCR.
The company surpassed its FY26 presales target of INR2,000 crores, driven by strong booking conversions in the Ashiana Aaroham project in Gurugram, which contributed approximately INR767 crores in sales upon launch. This project features realizations of around INR15,000 per square foot with larger unit sizes compared to previous phases.
Project Deliveries and Handovers
During the third quarter, Ashiana Housing initiated handovers for multiple projects across different locations:
| Project | Location | Status |
|---|---|---|
| Ashiana Ekansh Phase 1 | Jaipur | Handovers Initiated |
| Ashiana Malhar Phase 1 | Pune | Handovers Initiated |
| Ashiana Dwarka Phase 5 | Jodhpur | Handovers Initiated |
| Ashiana Anmol Phase 2 | Gurugram | Handovers Completed |
| Ashiana Shubham 4B | Chennai | Handovers Completed |
| Ashiana Advik Phase 1 | Bhiwadi | Handovers Completed |
| Ashiana Tarang 4B | Bhiwadi | Handovers Completed |
Strategic Focus on Senior Living
The company continues to strengthen its position in the senior living segment, with management highlighting strong quarter-on-quarter and month-on-month sales momentum in senior living projects. The company has achieved more than 25% CAGR growth in senior living over the past five to six years, with floor prices now approaching INR7,000 per square foot and higher-end projects reaching INR10,000 plus per square foot.
Ashiana Housing has also partnered with Epoch Elder Care for assisted living services at Ashiana Care Homes in Bhiwadi, representing a pilot program for more medicalized and clinical assisted living services. The company maintains a portfolio approach across different price points and ticket sizes in its target markets.
Expansion and Future Pipeline
The company recently acquired 8.83 acres in Raigad Khalapur near Karjat for senior living development, adding to its Mumbai-Pune region portfolio. Management indicated positive progress on pending acquisitions in Bangalore and Panvel, with expectations of closure within the next three to six months. The company is also exploring additional land acquisitions in Jaipur, Bhiwadi, Jamshedpur, and the Bombay-Pune corridor.
For the upcoming quarter, the company plans three to four phase launches, particularly in senior living projects, with Ashiana Oma in Jaipur scheduled as a major launch for the next financial year.
Historical Stock Returns for Ashiana Housing
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.77% | -3.43% | +12.72% | +9.80% | +12.13% | +217.49% |
































