Arkade Developers Reports Robust FY26 Growth After Filmistan Acquisition
Real Estate

Arkade Developers Reports Robust FY26 Growth After Filmistan Acquisition

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code