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ARIHANTSUP - Arihant Super.

📊 NSE: ARIHANTSUP 🏢 Construction 📅 Last Updated: 12/13/2025 18:30

📢 Recent Corporate Announcements

Arihant Superstructures Releases Q3 FY26 Earnings Call Audio Recording

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 13 Feb 2026, 03:21 PM

Arihant Superstructures Limited has officially released the audio recording of its earnings conference call held on February 12, 2026. The call focused on the company's financial and operational performance for the quarter and nine months ended December 31, 2025. This filing is a mandatory regulatory disclosure under SEBI (LODR) Regulations, 2015. Investors can access the recording via the company's website to understand management's perspective on the real estate market and project execution.

Earnings call conducted on February 12, 2026, for the period ending December 31, 2025.
Audio recording link provided for public access: https://www.asl.net.in/assets/pdfs/10040494.mp3.
Compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The recording covers performance updates for both the third quarter and the nine-month period of FY26.

💡 Investors should listen to the audio recording to evaluate management's commentary on project delivery timelines and future sales guidance. This is a routine but essential step for performing deep-dive fundamental analysis.

Arihant Superstructures Q3 FY26 Consolidated Net Profit Drops 76% YoY to ₹5.01 Cr

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 11 Feb 2026, 04:50 PM

Arihant Superstructures Limited reported a weak set of numbers for the quarter ended December 31, 2025. Consolidated net profit plummeted 76% year-on-year to ₹5.01 crore, down from ₹20.93 crore in the same quarter last year. Total consolidated income also declined by 16% to ₹127.30 crore compared to ₹151.63 crore in Q3 FY25. For the nine-month period, while total income showed a marginal growth to ₹374.02 crore, the net profit remained significantly lower at ₹20.68 crore versus ₹33.45 crore in the previous year.

Consolidated Net Profit for Q3 FY26 fell 76% YoY to ₹5.01 crore from ₹20.93 crore.
Total Consolidated Income for the quarter decreased 16% YoY to ₹127.30 crore.
Basic EPS for the quarter dropped significantly to ₹1.16 from ₹5.08 in the previous year's quarter.
Standalone quarterly profit saw a massive decline to ₹13.14 lakhs from ₹14.15 crore YoY.
Nine-month consolidated profit stood at ₹20.68 crore, a 38% decline from ₹33.45 crore in the prior year period.

💡 Investors should exercise caution as the sharp decline in both top-line and bottom-line performance indicates significant operational or project-related headwinds. It is advisable to wait for management's explanation regarding project delivery schedules and margin compression before making new commitments.

Arihant Superstructures Q3 FY26: INR 125 Bn GDV Potential and 3.48x PAT Growth over 5 Years

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 11 Feb 2026, 04:48 PM

Arihant Superstructures (ASL) showcased a robust growth trajectory in its Q3 FY26 presentation, highlighting a Gross Development Value (GDV) potential of INR 125 billion. The company currently has 18 million sq. ft. under development across 19 projects, with a strategic focus on the Navi Mumbai International Airport influence zone. Financial performance from FY20 to FY25 shows a significant 3.48x increase in PAT and a 2.08x rise in EBITDA. ASL maintains a diversified portfolio mirroring the population matrix, with 75% of projects located near major infrastructure milestones in Navi Mumbai.

Total Gross Development Value (GDV) potential of INR 125 billion across 18 million sq. ft. of area.
Historical 5-year PAT growth of 3.48x (INR 160 Mn to INR 550 Mn) and EBITDA growth of 2.08x.
Low-cost land acquisition strategy with costs maintained at less than INR 500 per sq. ft.
Diversified product mix with 25% Luxury, 38% Mid-Income, and 37% Affordable segments to de-risk sales.
75% of projects are strategically located within 10-30 minutes of the Navi Mumbai International Airport.

💡 Investors should consider the company's strong positioning in the high-growth Navi Mumbai corridor and its low-cost land bank as competitive advantages. Monitor the execution of the massive INR 125 billion pipeline and the success of new forays into luxury villas and annuity-income assets.

Arihant Superstructures Q3 FY26 Net Profit Drops 76% YoY to ₹5.01 Crore

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 11 Feb 2026, 04:46 PM

Arihant Superstructures reported a weak performance for the quarter ended December 31, 2025. Consolidated revenue for the quarter fell 16% year-on-year to ₹127.30 crore, while net profit saw a sharp decline of 76% to ₹5.01 crore compared to ₹20.93 crore in the same period last year. For the nine-month period, while revenue grew slightly to ₹374.02 crore, net profit remained under pressure, dropping to ₹20.68 crore from ₹33.45 crore. The standalone performance was particularly weak, with profit after tax crashing to just ₹13.14 lakhs for the quarter.

Consolidated Q3 revenue decreased 16% YoY to ₹127.30 crore from ₹151.63 crore.
Consolidated Net Profit for Q3 FY26 plummeted 76% YoY to ₹5.01 crore.
9M FY26 Consolidated Net Profit stood at ₹20.68 crore, down from ₹33.45 crore YoY.
Basic EPS for the quarter fell sharply to ₹1.16 from ₹5.08 in the previous year's corresponding quarter.
Standalone quarterly profit after tax was negligible at ₹13.14 lakhs compared to ₹14.15 crore YoY.

💡 The results indicate significant margin pressure and a sharp decline in profitability despite relatively stable 9-month revenues. Investors should exercise caution and wait for management commentary regarding project execution delays or cost escalations before considering new positions.

Arihant Superstructures Cancels Proposed Stock Split Following Board Review

🟡 NEUTRAL ⭐ 6/10

BOARD_MEETING 📅 10 Feb 2026, 03:02 PM

Arihant Superstructures Limited has decided not to proceed with the previously proposed stock split or sub-division of its equity shares. This decision was finalized during the Board meeting held on February 10, 2026, after reviewing reports from Proxy Advisory Firms and consultants. The proposal had been under consideration since November 12, 2025, when it was initially deferred for further review. As a result, the company's share capital structure and face value will remain unchanged for the foreseeable future.

Board of Directors officially decided against the stock split in a meeting on February 10, 2026.
The decision follows a review of recommendations from the Stakeholders Relationship Committee and external Proxy Advisory Firms.
The stock split agenda was originally deferred during a prior board meeting held on November 12, 2025.
No changes will be made to the equity share structure or face value of the company's shares.
Company stated that no further disclosures under Regulation 30 are required as the action is cancelled.

💡 Investors should ignore any previous expectations of increased liquidity from a stock split and focus on the company's core real estate fundamentals. The cancellation of the split is a non-fundamental event and should not impact the long-term valuation of the company.

Arihant Superstructures Q3 FY26 Results Approved; Board Decides Against Stock Split

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 10 Feb 2026, 02:54 PM

Arihant Superstructures Limited has approved its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. A significant outcome of the meeting was the Board's decision not to proceed with the previously considered stock split or sub-division of equity shares. The Board also reviewed internal audit reports and approved related party transactions for the quarter. Investors should now focus on the detailed financial statements to assess the company's operational growth and profitability for the period.

Approved unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.
Board of Directors officially decided not to proceed with the stock split/sub-division of equity shares.
Reviewed and approved related party transactions and omnibus approvals for the quarter ended December 31, 2025.
Took on record the Internal Audit Report and approved unaudited accounts for subsidiary companies.
The Board meeting concluded at 02:40 P.M. on February 10, 2026.

💡 Investors should analyze the detailed financial results to evaluate revenue and margin trends in the real estate sector. The decision against the stock split suggests no immediate change in share liquidity or face value.

Arihant Superstructures Approves Q3 Results; Board Decides Against Stock Split

🔵 WATCH ⭐ 7/10

BOARD_MEETING 📅 10 Feb 2026, 02:42 PM

Arihant Superstructures Limited held its board meeting on February 10, 2026, to approve the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. A significant outcome of the meeting was the Board's decision not to proceed with the proposed stock split or sub-division of equity shares. Additionally, the Board reviewed internal audit reports and approved related party transactions for the third quarter. Investors should note the rejection of the stock split which may impact short-term liquidity expectations.

Approved Unaudited Standalone and Consolidated financial results for Q3 and 9M ended December 31, 2025.
The Board officially decided not to proceed with the Stock Split/Sub-division of equity shares.
Reviewed and approved Related Party Transactions under Omnibus Approval for the December 2025 quarter.
Considered and approved the Unaudited Accounts of all Subsidiary Companies for the period ending December 31, 2025.

💡 Investors should focus on the detailed Q3 financial performance once released to evaluate growth. The decision against the stock split means share liquidity will remain at current levels for the foreseeable future.

Arihant Superstructures to Host Q3FY26 Earnings Call on February 12, 2026

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 03 Feb 2026, 07:33 PM

Arihant Superstructures Limited has scheduled its earnings conference call for Thursday, February 12, 2026, at 2:00 PM IST. The management will discuss the financial performance for the third quarter and nine months ended December 31, 2025. Key leadership, including CMD Ashok Chhajer and CFO Udit Kasera, will be present to address investor queries. This is a routine regulatory filing under SEBI LODR Regulations to ensure transparency regarding financial disclosures.

Earnings call scheduled for February 12, 2026, at 14:00 IST
Focus on financial results for the quarter and nine months ended December 31, 2025
Management representation includes CMD Ashok Chhajer and CFO Udit Kasera
Universal dial-in numbers provided: +91 22 6280 1466 and +91 22 7115 8826
Audio recordings and transcripts will be made available on the company website post-call

💡 Investors should track the upcoming financial results and listen to the call for management commentary on project delivery timelines and demand trends in the real estate sector.

Arihant Superstructures Reports Full SDD Compliance for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Jan 2026, 03:09 PM

Arihant Superstructures Limited has filed its Structured Digital Database (SDD) compliance certificate for the quarter ended December 31, 2025. The company confirmed that it has captured 2 out of 2 required events involving Unpublished Price Sensitive Information (UPSI) during the period. This filing is a mandatory requirement under SEBI (Prohibition of Insider Trading) Regulations to ensure transparency and prevent information leakage. The company maintains a non-tamperable internal database with an audit trail capability for up to 8 years.

Successfully captured 2 out of 2 required UPSI events during the quarter ended December 31, 2025
Maintains a non-tamperable Structured Digital Database (SDD) in compliance with SEBI PIT Regulations
Database includes nature of UPSI along with specific date and time stamps for all disseminated information
System is designed to maintain records and audit trails for a period of 8 years

💡 This is a routine regulatory filing indicating adherence to corporate governance norms; no immediate investment action is required.

Arihant Superstructures Submits SEBI Reg 74(5) Compliance for Q3 FY2025-26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Jan 2026, 02:50 PM

Arihant Superstructures Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Adroit Corporate Services, confirms that all dematerialization requests for the quarter ended December 31, 2025, were processed correctly. It verifies that physical share certificates were mutilated and cancelled after due verification. The company has ensured that the names of depositories were substituted in the register of members within the mandated 15-day period.

Compliance certificate submitted for the quarter ended December 31, 2025
Registrar Adroit Corporate Services confirmed processing of all dematerialization requests
Physical certificates were mutilated and cancelled within the required 15-day timeline
Depositories have been updated as registered owners in the company records

💡 No action is required as this is a routine regulatory filing. Investors should continue to monitor the company's operational updates and upcoming quarterly financial results.

Arihant Superstructures Announces Trading Window Closure from January 01, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Dec 2025, 11:02 AM

Arihant Superstructures Limited has announced the closure of its trading window for all designated persons starting January 01, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's quarterly financial results. The window will remain closed until 48 hours after the financial results for the quarter and nine months ending December 31, 2025, are made public. This is a standard regulatory procedure to prevent insider trading before sensitive financial information is disclosed.

Trading window closure to commence on January 01, 2026.
Closure relates to the financial results for the quarter and nine months ending December 31, 2025.
Restriction applies to all Designated Persons including Directors, KMPs, and their immediate relatives.
The window will reopen 48 hours after the financial results are officially announced to the exchanges.

💡 No action is required as this is a routine regulatory filing. Investors should look forward to the upcoming quarterly earnings announcement to evaluate the company's performance.

Arihant Superstructures Shareholders Approve New Director and Auditor via Postal Ballot

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 24 Dec 2025, 03:18 PM

Arihant Superstructures Limited has announced the results of its postal ballot, where shareholders approved three key resolutions with near-unanimous support. The resolutions included the regularization of Ms. Sheetal Bhilkar as an Independent Director and the appointment of M/s. K J K & Associates as the new Statutory Auditors. Approximately 33.02 million votes were cast, with over 99.99% in favor of all proposals. These approvals ensure the company remains compliant with SEBI regulations and maintains its governance structure following a casual vacancy in the auditor's office.

Ms. Sheetal Bhilkar's appointment as Non-Executive Independent Director was approved with 33,018,096 votes in favor.
M/s. K J K & Associates were confirmed as Statutory Auditors following the resignation of M/s. Ummed Jain & Co.
A special resolution to maintain member registers at an alternate location was passed with 100% support from voting members.
Total voting participation represented 76.34% of the company's share capital, with only 16 votes cast against the resolutions.

💡 These are routine administrative and governance approvals that do not impact the company's fundamentals. Investors should continue to monitor the company's real estate project execution and quarterly earnings.

Arihant Superstructures Shareholders Approve New Director and Auditor via Postal Ballot

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 24 Dec 2025, 03:16 PM

Arihant Superstructures Limited has successfully passed three key resolutions through a postal ballot with near-unanimous shareholder approval. The resolutions included the regularization of Ms. Sheetal Bhilkar as a Non-Executive Independent Director and the appointment of M/s. K J K & Associates as Statutory Auditors to fill a casual vacancy. Additionally, a special resolution was passed to maintain the Register of Members at a location other than the registered office. A total of 33,018,112 votes were cast, representing approximately 76.34% of the total shares.

Total of 33,018,112 votes were polled, representing 76.34% of the total outstanding shares.
Ms. Sheetal Bhilkar's appointment as Independent Director was approved with 99.99% of votes in favor.
M/s. K J K & Associates were appointed as Statutory Auditors following the resignation of M/s. Ummed Jain & Co.
Special resolution passed to maintain company registers at a location other than the registered office.
Promoter group participation was high at 99.99%, while public non-institutional participation stood at 18.24%.

💡 No immediate action is required as these are routine administrative and governance approvals. Investors should monitor future financial filings for any changes in reporting style under the new statutory auditors.

Arihant Superstructures: Investor/Analyst Meet Schedule

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 12 Dec 2025, 06:45 PM

Arihant Superstructures Limited has announced the schedule for upcoming Investor/Analyst meetings. The company will be meeting with Wallfort PMS on December 16, 2025, in Mumbai. Further meetings are scheduled on December 17, 2025, with OHM Securities, Ashika Stock Broking Limited, Mission Holdings and Nirzar Securities LLP. The company stated that no unpublished price sensitive information (UPSI) will be discussed during these interactions.

Investor/Analyst meeting with Wallfort PMS on December 16, 2025 at 03:00 PM
Meeting with OHM Securities on December 17, 2025 at 10:00 AM
Meeting with Ashika Stock Broking Limited on December 17, 2025 at 11:30 AM

💡 This is a routine announcement. Investors can monitor the discussions and outcomes of these meetings for potential insights into the company's strategy and performance.

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💰 Financial Performance

Revenue Growth by Segment

Operating Revenues for H1-FY26 reached INR 2,436 Mn, representing a 24.6% YoY growth compared to INR 1,955 Mn in H1-FY25. Q2-FY26 revenue was INR 1,227 Mn, up 9.7% YoY from INR 1,118 Mn. The growth is driven by a project mix consisting of Luxury (25%), Mid-Income (38%), and Affordable (37%) segments.

Geographic Revenue Split

The revenue mix of ongoing projects is heavily concentrated in the Mumbai Metropolitan Region (MMR), with Panvel (Airport Area) contributing 57%, followed by Jodhpur at 15%, Karjat at 11%, Khopoli at 6%, Taloja at 6%, and Badlapur at 5%.

Profitability Margins

H1-FY26 PAT margin improved to 10.63% from 9.21% YoY, a gain of 142 bps. However, Q2-FY26 PAT margin dropped significantly to 8.15% from 14.31% YoY, a decrease of 616 bps, primarily due to an 80.9% increase in interest expenses.

EBITDA Margin

H1-FY26 EBITDA margin stood at 27.42%, up 727 bps from 20.15% YoY. Q2-FY26 EBITDA margin was 24.37%, down 148 bps from 25.85% YoY, reflecting higher operating expenses which rose 11.9% YoY to INR 928 Mn.

Capital Expenditure

Non-current assets, including Property, Plant & Equipment, increased to INR 998 Mn in H1-FY26 from INR 835 Mn in FY25. The company is investing in massive asset creation through projects like Arihant World Villas to generate recurring annuity income.

Credit Rating & Borrowing

Adjusted Net Debt as of September 30, 2025, was INR 4,348 Mn against a Net Worth of INR 4,302 Mn. Borrowings are sourced from HDFC Bank, SBI, STCI Finance, ICICI Ventures, Tata Capital, and Bajaj Housing Finance. Interest costs for H1-FY26 surged 97.1% YoY to INR 341 Mn.

⚙️ Operational Drivers

Raw Materials

Construction materials including steel, cement, and finishing materials; specific percentage of total cost for each is not disclosed in available documents.

Capacity Expansion

The company has developed 12 mn sq. ft. in MMR and Jodhpur. It currently has a forthcoming project portfolio of 11.2 mn sq. ft. with a revenue potential of INR 75 Bn. Ongoing projects include Arihant Aspire (Panvel) with 1,210 units and Arihant World Villas (Chowk) with 390 luxury villas.

Raw Material Costs

Operating expenses for H1-FY26 were INR 1,768 Mn, up 13.3% YoY from INR 1,561 Mn, representing 72.5% of operating revenue.

Manufacturing Efficiency

Project completion status varies: Arihant 5 Anaika (82%), Arihant Advika (70%), and Arihant Aspire Phase 1 (96%). OC was received for Arihant Amisha Phase 2 (134 units) during Q2-FY26.

📈 Strategic Growth

Expected Growth Rate

20%

Growth Strategy

Growth will be achieved by scaling up in the MMR region, particularly around the Navi Mumbai Airport area (57% of project mix). The company is launching landmark projects like Arihant World Villas (GDV INR 12 Bn) and foraying into Sports & Hospitality to generate recurring annuity income. The forthcoming pipeline of 11.2 mn sq. ft. provides a revenue visibility of INR 75 Bn.

Products & Services

Residential apartments (Affordable, Mid-Income, Luxury), Platinum series luxury villas, and commercial/hospitality assets for annuity income.

Brand Portfolio

Arihant Superstructures, Arihant World Villas, Arihant Aspire, Arihant Aaradhya, Arihant Clan Aalishan.

New Products/Services

Arihant World Villas (390 luxury villas) and new mix-use projects designed to build an annuity income pool in the sports and hospitality segments.

Market Expansion

Expansion is focused on 12 micro-markets in MMR and Jodhpur. Recent business development includes acquiring 5 additional acres at Chowk Manivali for the Town Villas project (93 acres total).

Strategic Alliances

The company has a history of PPP schemes, such as the landmark project launched in Jodhpur. It maintains strong relationships with financial partners like ICICI Ventures and Tata Capital.

🌍 External Factors

Industry Trends

The Indian real estate industry is fragmented and cyclical. Current trends show a shift toward premiumization (Luxury segment) and demand for integrated townships with annuity-generating assets.

Competitive Landscape

Competes with other regional developers in MMR and Jodhpur; competitive advantage stems from integrated in-house execution and geographical focus on high-growth areas like Panvel.

Competitive Moat

The moat is built on a 30-year promoter track record, a trusted brand, and a diversified project mix that 'mirrors the population matrix,' providing resilience against demand stagnancy in any single income segment.

Macro Economic Sensitivity

Highly sensitive to interest rates and inflation in construction materials. Interest expenses rose to INR 341 Mn in H1-FY26, nearly doubling YoY.

Consumer Behavior

Shift toward luxury villas and mid-income housing in emerging micro-markets driven by infrastructure developments like the Navi Mumbai Airport.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to RERA compliance, stamp duty regulations, and local municipal approvals. The company recently received OC for Arihant Amisha Phase 2.