Arkade Developers' September quarter profit falls, but company reports zero net debt

Mumbai-based Arkade Developers reported lower revenue and profit for the quarter ended 30 September 2026, in unaudited results its board was due to consider on 28 October 2026. Consolidated profit after tax was about ₹25 crore, against ₹45.78 crore in the same quarter a year earlier. Total revenue for the quarter was about ₹147 crore.

Quarter and half-year figures

Consolidated revenue from operations was ₹14,465.01 lakh for the quarter, compared with ₹26,365.49 lakh a year earlier, a fall of about 45.14 per cent on the reported figures. Total consolidated income was ₹14,683.36 lakh, against ₹26,482.04 lakh. Operating EBITDA was ₹35 crore, and the PAT margin was 17 per cent.

On a standalone basis, net profit was ₹2,476.51 lakh, or about ₹24.77 crore, compared with ₹4,466.58 lakh in the year-ago quarter. Basic and diluted earnings per share, not annualised, were ₹1.35 against ₹2.41. The decline in standalone profit works out to about 44.55 per cent. Some published figures put the fall at 46 per cent, so readers should check the basis of any percentage they quote.

For the half-year ended 30 September 2026, consolidated profit was ₹43.88 crore, down from ₹74.56 crore a year earlier. Half-year revenue was ₹291.62 crore.

The company recorded higher profit in the September quarter than in the June 2026 quarter, when net profit was ₹19 crore. Revenue from operations in the June quarter was ₹146.97 crore, so the sequential improvement came mainly from profit rather than revenue.

Cash, collections and pipeline

Collections in the quarter rose 22 per cent year on year to ₹183 crore. The company said it held net liquid cash of ₹63 crore and reported zero net debt. Both points are management's own statements in the results and have not been tested by an independent auditor at this stage, as the figures are unaudited.

Arkade has an estimated gross development value pipeline of ₹19,000 crore spread over 5.7 million square feet. Two new projects with a combined GDV of ₹2,800 crore are slated for launch. The results do not give their names or launch dates.

The company has delivered over 5.5 million square feet of property and has about 2 million square feet under construction, according to its company profile. Full-year pre-sales for FY26 reached ₹901 crore, up 17 per cent. Arkade listed on the stock exchanges in September 2024 through an initial public offering that raised ₹410 crore.

What it means for buyers and investors

For buyers, the results describe the company's finances, not the handover schedule of any project. Nothing in the release changes the possession dates already registered for individual Arkade projects under MahaRERA. Buyers who want to check a specific project should look at its registration page and the latest quarterly progress filing.

For investors, the headline point is that profit fell on both a quarterly and a half-year basis, while cash and collections rose. Published full-year FY26 profit figures differ widely between sources, so this article does not state one.

The board also cleared the incorporation of a new wholly owned subsidiary and approved a temporary change in the company's secretarial department, effective 1 December 2026, according to the results notice.

What to watch next

• 29 October 2026: the investor earnings call, where management may explain the year-on-year fall in revenue and profit.
• The launch timing and names of the two new projects with a combined GDV of ₹2,800 crore.
• The next quarterly filing, which will show whether collections and the profit margin hold at the September quarter level.