Arihant Superstructures Limited submitted its Q1 FY27 investor presentation and press release to BSE and NSE as per Regulation 30 and Para A of Part A of Schedule III of SEBI LODR Regulations, 2015.

Q1 FY27 Financial Performance

  • Operating Revenue: ₹1,316 million, up 8.76% YoY from ₹1,210 million in Q1 FY26 but down 27.22% QoQ from ₹1,808 million in Q4 FY26
  • EBITDA: ₹276 million with EBITDA margin of 20.94%, down 25.12% YoY from ₹368 million but up 424 bps QoQ from 16.70%
  • Profit After Tax: ₹98 million with PAT margin of 7.43%, down 38.48% YoY from ₹159 million but up 85 bps QoQ from 6.58%
  • Basic EPS: ₹1.39 per share, down 37.10% YoY from ₹2.21
  • Other Income: ₹15 million, up 28.94% QoQ
  • Depreciation: ₹7 million, up 19.47% YoY
  • Interest: ₹155 million, down 8.58% YoY

Capital Structure and Debt Position (as of June 30, 2026)

  • Gross Debt: ₹8,863 million
  • Cash and Cash Equivalents: ₹165 million
  • Investments/Deposits: ₹521 million
  • Net Debt: ₹8,177 million
  • Unsecured Loans & Others: ₹4,011 million
  • Adjusted Net Debt: ₹4,166 million
  • Net Worth: ₹4,596 million
  • Adjusted Secured Net Debt/Equity: 0.91
  • Net debt serviceable (Institutions/Bank): Approximately ₹4.2 billion
  • Borrowings from: HDFC Bank, SBI, ICICI Bank, STCI Finance Limited, ICICI Ventures, Tata Capital & Bajaj Housing Finance
  • Unsecured debt of ₹4 billion is payable when enabled and will provide more liquidity for growth

Operational Highlights

  • Pre-sales: ₹1,731 million (15% YoY growth), 221 units sold, 231,219 sq. ft. area sold
  • Collections: ₹1,612 million
  • Unsold Inventory: 236 units valued at ₹442.8 million
  • Business Development: Signed up for 2 additional acres at 'Town Villas' on Area Sharing JV basis, increasing township size to 99 acres
  • Occupancy Certificates Received: For Arihant 5 Anaika (3,62,672 sq.ft.), 6 Anaika (2,14,851 sq.ft.), Anant (2,39,968 sq.ft.) and Aaradhya Ph-1 (3,02,524 sq.ft.), facilitating 1,495 deliveries across four projects

Company Overview and Strategy

  • Gross Development Value: ₹14,000+ crore (increased from ₹6,000 crore in last 5 years)
  • Development Pipeline: 21 million sq. ft. across 19 projects
  • Developed: 12.7 million sq. ft. in MMR & Jodhpur
  • Units Delivered: 14,200+ across 67 projects
  • Land Acquisition Cost: <₹500/sq. ft. (lowest in industry)
  • Team Strength: 430+ professionals
  • Luxury Segment Growth: Increased 10x in last 5 years to 49% of GDV
  • Land and Approvals Investment: Approximately ₹700 crore (5% of GDV)
  • Target: Deliver over 2,500 units in FY27

Project Portfolio Details

Ongoing Residential Projects (19 projects, 7,067 total units)
  • Units Booked: 4,019 units
  • Total Saleable Area: 70,17,441 sq. ft.
  • Area Sold: 40,01,755 sq. ft.
  • Sale Value of Booked Area: ₹25,739 million
  • Amount Received: ₹19,442 million
  • Value of Unsold Inventory: ₹20,074 million
  • Total Estimated Receivable: ₹26,371 million
  • Revenue Recognized: ₹17,253 million
  • Estimated Balance Cost to Complete: ₹9,746 million
Forthcoming Residential Projects
  • MMR Projects: 6,523 units, 1,27,34,215 sq. ft., Revenue Potential: ₹96,680 million
  • Jodhpur Projects: 1,968 units, 18,30,453 sq. ft., Revenue Potential: ₹6,900 million
  • Total Forthcoming: 14.6 million sq. ft. with revenue potential of ₹100 billion

Strategic Expansion into Hospitality

The company has undertaken 2 hotel development projects:

  • 221-key 5-Star Luxury Hotel in Panvel, Chowk
  • 108-key 4-Star Hotel in Khopoli

World Villas Mixed-Use Project

  • Total Outlay: ₹3.5 billion with IRR of 15%
  • Includes 391 luxury villas (1 million sq. ft., GDV ₹12 billion)
  • 221-key upscale hotel on 10 acre land parcel (transferred to wholly owned subsidiary Dwellcons Pvt Ltd)
  • Gymkhana on 10.5 acres land

Management and Governance

Board of Directors includes:

  • Mr. Ashok Chhajer, Chairman and Managing Director
  • Mr. Nimish Shah, Whole Time Director
  • Mr. Parth Chhajer, Joint Managing Director
  • Mr. Bhavik Chhajer, Joint Managing Director
  • Independent Directors: Mr. Pramod Deshpande, Mr. Abodh Khandelwal, Mrs. Sheetal Bhilkar, Dr. Raghuveer Singh Rajpurohit

Senior Management Team includes:

  • Mr. Udit Kasera, Chief Financial Officer
  • Mr. Manoj Dhondge, Company Secretary & Compliance Officer
  • Mr. Hariharan Nadar, VP Sales
  • Mrs. Teji Ghosh, VP Marketing
  • Mr. Sumit Basak, DGM HR
  • Mr. Vijaykumar Muttur, VP Projects

Historical Performance Growth (FY20 to FY26)

  • Pre-Sales: ₹4,760 million to ₹9,774 million (2.05x growth)
  • Revenue: ₹2,702 million to ₹5,510 million (2.04x growth)
  • Collections: ₹2,870 million to ₹5,389 million (1.88x growth)
  • EBITDA: ₹500 million to ₹1,266 million (2.53x growth)
  • PAT: ₹160 million to ₹460 million (2.86x growth)
  • Net Worth: ₹1,630 million to ₹4,498 million (2.76x growth)

Market Context

  • Navi Mumbai benefits from employment opportunities, infrastructure development (Metro line, Trans-harbor link, Mumbai-Pune expressway, Navi Mumbai international airport), and ease of living
  • MMR accounts for 28% volume share in units sold in CY2025 among top 8 cities
  • Volume share of Navi Mumbai in MMR steadily increasing over last 3 years

ESG Initiatives

  • Environment: Rain water harvesting, organic waste composters, IGBC Platinum certification for flagship project, energy efficient lighting, low VOC paints
  • Social: Safety training, equal opportunity employer (22% female workforce), rural development support, disaster management, education promotion
  • Governance: 50% independent directors, 100% independent directors in Audit and Remuneration Committees, well-defined corporate structure

Disclaimer

The presentation contains forward-looking statements based on management's current beliefs and assumptions, subject to risks and uncertainties. The information is confidential and not for distribution. The company disclaims any obligation to update forward-looking statements.