Financial Highlights Q1 FY27
- Revenue: ₹135.67 Crore, representing 60% year-over-year growth
- EBITDA: ₹37.73 Crore, representing 56% year-over-year growth
- PBT (Profit Before Tax): ₹31.27 Crore, representing 47% year-over-year growth
- PAT (Profit After Tax): ₹24.09 Crore, representing 47% year-over-year growth
Operational Highlights Q1 FY27
- Pre-sales Value: ₹168 Crore
- Collections: ₹69 Crore
Company Overview & Historical Milestones
- 40 years of operations in real estate development
- Total developed area: Over 25 million square feet
- Key historical milestones:
- 1984: First project launched in Kilpauk, Chennai
- 1995: IPO and public listing
- 2008: JP Morgan partnership for institutional capital
- 2014: Ashiana partnership introducing organized senior housing to Chennai
- 2024: Sold Equitas Tower at premium
- 2025: Strategic alliance with Prestige Estates
- 2026: Acquired 18 acres in heart of Chennai (described as one of the largest transaction deals in 15 years)
Project Portfolio Breakdown
Total GDV Pipeline: ₹11,388 Crore (Arihant share: ₹6,094 Crore)
Commercial Projects (8 ongoing):
- Total GDV: ₹2,057 Crore (Arihant share: ₹1,090 Crore)
- Total area: 11.43 lakh sq ft of Grade A office space
- Key projects: Silhouette (Guindy, 3 lakh sq ft, ₹500 Cr GDV), Sublime (OMR, 3.2 lakh sq ft, ₹450 Cr GDV), Equitas Tower (Saidapet, 1.73 lakh sq ft, ₹267 Cr GDV)
Luxury Residential & Plotted Layouts:
- Total GDV: ₹8,475 Crore (Arihant share: ₹4,567 Crore)
- Total area: 53.61 lakh sq ft
- Key projects: Here & Now (Perungudi, 6.6 lakh sq ft, ₹1,200 Cr GDV), Park Street (Velechery, 7.5 lakh sq ft, ₹1,600 Cr GDV), Project Padi (Padi, 36 lakh sq ft, ₹5,000 Cr GDV)
Senior Housing Projects (2 flagship projects):
- Total GDV: ₹706 Crore (Arihant share: ₹287 Crore)
- Total area: 10.79 lakh sq ft
- Projects: Swarang (Nemmeli ECR, 5.5 lakh sq ft, ₹420 Cr GDV), Shubam (GST, 5.29 lakh sq ft, ₹286 Cr GDV)
- Market position: First mover in organized senior living since 2014
Management Team
- Kamal Lunawath: Managing Director with 27 years experience
- Vimal Lunawath: CFO & Whole-time Director with 24 years experience
- Bharat Jain: Whole-time Director with 22 years experience
- Harish Marlecha: Head of Sales with 20 years experience
- Abhishek Gouthamchand: Head of Business Development with 15 years experience
- Arun Rajan: CEO with 14 years experience (11 in real estate)
Market Opportunity Analysis
Presentation highlights structural growth drivers in Tamil Nadu and Chennai:
- India's fastest-growing state with electronics & technology engine
- GCC office absorption: FY25 #1 state in India with 41% share, up 53% YoY
- Data center rank: #2 in India with 500 MW target
- Infrastructure catalysts including Chennai Metro Phase II connecting OMR, Guindy
- Regulatory momentum positive with redevelopment FSI reform
Disclaimer
Includes standard forward-looking statement disclaimer noting that actual results may differ from expressed or implied statements due to changes in industry structure, political/economic environment, tax laws, litigation, and labor relations.