Arkade Developers Reports Robust FY26 Growth After Filmistan Acquisition

02 Jun 2026 CW Team

The company reported a strong balance sheet with net debt of Rs 730 million (mn) and a net debt-to-equity ratio of 0.08. Arkade Developers expanded its project pipeline to an estimated gross development value (GDV) of Rs 128 bn across around four point two five million square feet of saleable carpet area. It also secured cluster redevelopment rights for nine societies in Kandivali East with a projected GDV of Rs 11 bn spanning three acres.

During the year the company completed the acquisition of Filmistan Private Limited and related ownership rights for the Filmistan property in Goregaon West, Mumbai, which the company described as a rare opportunity to develop an ultra-luxury residential project. The restructuring to consolidate ownership directly under Arkade Developers involved adjustments to tenancy rights that produced a one-time exceptional accounting impact of about Rs 1.82 bn in the consolidated financial statements for FY26. The company said the accounting adjustment was non-operational in nature and did not reflect the underlying strength of the business, which continued to deliver healthy pre-sales, revenue and collections.

The proposed Filmistan development is expected to have an estimated GDV of about Rs 35 bn and projected to contribute between Rs 10 bn and Rs 12 bn to the bottom line over the next three to five years, subject to approvals. The company said the acquisition reinforces its long-term luxury positioning and creates an opportunity to develop a marquee project in Mumbai. Management highlighted a legacy spanning four decades, delivery of five point five million square feet and service to over 5,500 families, and indicated continued focus on execution and disciplined financial management.

Arkade Developers Limited reported strong operational performance in the fiscal year ended March 31, 2026, driven by residential demand, disciplined execution and pipeline expansion. The company recorded pre-sales of Rs 9.01 billion (bn), a 17 per cent year-on-year increase, and total revenue of Rs 8.28 bn, up 19 per cent. Quarterly revenue rose 48 per cent year-on-year to Rs 1.99 bn and collections during the year amounted to Rs 7.28 bn. The company reported a strong balance sheet with net debt of Rs 730 million (mn) and a net debt-to-equity ratio of 0.08. Arkade Developers expanded its project pipeline to an estimated gross development value (GDV) of Rs 128 bn across around four point two five million square feet of saleable carpet area. It also secured cluster redevelopment rights for nine societies in Kandivali East with a projected GDV of Rs 11 bn spanning three acres. During the year the company completed the acquisition of Filmistan Private Limited and related ownership rights for the Filmistan property in Goregaon West, Mumbai, which the company described as a rare opportunity to develop an ultra-luxury residential project. The restructuring to consolidate ownership directly under Arkade Developers involved adjustments to tenancy rights that produced a one-time exceptional accounting impact of about Rs 1.82 bn in the consolidated financial statements for FY26. The company said the accounting adjustment was non-operational in nature and did not reflect the underlying strength of the business, which continued to deliver healthy pre-sales, revenue and collections. The proposed Filmistan development is expected to have an estimated GDV of about Rs 35 bn and projected to contribute between Rs 10 bn and Rs 12 bn to the bottom line over the next three to five years, subject to approvals. The company said the acquisition reinforces its long-term luxury positioning and creates an opportunity to develop a marquee project in Mumbai. Management highlighted a legacy spanning four decades, delivery of five point five million square feet and service to over 5,500 families, and indicated continued focus on execution and disciplined financial management.

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