Arihant Superstructures Limited (ARIHANTSUP)
₹234.62 +5.29% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Arihant Superstructures' revenue was ₹132 Cr (+8.8% year on year, -27.3% on the previous quarter), and net profit ₹9.8 Cr; the operating margin was 20.9%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹132 | +8.8% | -27.3% |
| Operating profit | ₹27.6 | -25.5% | -8.1% |
| Net profit | ₹9.8 | — | -18.5% |
| EPS (₹) | 1.39 | -62.2% | -49.5% |
| Operating margin | 20.9% | — | — |
ARIHANTSUP delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 61.84% of the ARIHANTSUP shares traded on NSE were taken to delivery, against the stock's own 20-session average of 69.25%. That is close to its usual level. Turnover was only ₹34 lakh, so a handful of trades can move this figure.
Delivery in the last 5 sessions: 33.0% · 37.2% · 25.3% · 75.7% · 61.8%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Arihant Superstructures Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by Registrar and Share Transfer Agent Adroit Corporate Services Private Limited on October 03, 2026. It confirms that securities received for dematerialisation were processed, mutilated, and cancelled within the prescribed 15-day timeline. This is a standard quarterly compliance filing with no operational or financial impact.
- Compliance certificate submitted under Regulation 74(5) for the quarter ended September 30, 2026
- Issued by Registrar and Share Transfer Agent Adroit Corporate Services Private Limited on October 03, 2026
- Confirms dematerialisation requests were verified, cancelled, and updated in records within 15 days
Arihant Superstructures Limited's wholly owned subsidiary, Dwellcons Pvt. Ltd., signed an operating agreement with ITC Hotels on September 24, 2026, to develop a luxury hotel under the 'Mementos by ITC Hotels' brand. The 227-room hotel will occupy 10 acres of the company's 90-acre World Villas project in Chowk, Mumbai 3.0, with construction targeted for completion within three years. At functional maturity, the property is projected to generate ₹150 to ₹200+ crores in annual revenue with an operating margin of 45%. Relative to ASL's TTM revenue of ₹562 crore, the projected top line represents approximately 27% to 36% of annual sales.
- Signed hotel operating agreement with ITC Hotels Ltd for 'Mementos by ITC Hotels' at Chowk, Mumbai 3.0
- Project includes 227 rooms (featuring 44 suites) across a 10-acre hospitality footprint within a 90-acre master layout
- Estimated annual revenue potential of ₹150 to ₹200+ crores at functional maturity with 45% operating margins
- Project development and construction slated for completion within an estimated period of 3 years
Arihant Superstructures has published the web-link for its FY 2025-26 Annual Report and 43rd Annual General Meeting (AGM) Notice for unregistered shareholders. The AGM is scheduled for September 24, 2026, in Navi Mumbai. The company has fixed September 11, 2026, as the record date for determining dividend eligibility and the cut-off date for voting. Remote e-voting will run from September 21 to September 23, 2026.
- 43rd Annual General Meeting scheduled for September 24, 2026, at 11:30 a.m. IST in Navi Mumbai
- Record date for dividend payment fixed as September 11, 2026
- Cut-off date to ascertain members eligible to cast vote is September 11, 2026
- E-voting starts on September 21, 2026 (9:00 AM IST) and ends on September 23, 2026 (5:00 PM IST)
Arihant Superstructures Limited has released its Annual Report for FY25-26 and scheduled its 43rd Annual General Meeting (AGM) on September 24, 2026. The company has fixed September 11, 2026, as the record date for determining dividend entitlement and voting eligibility. Remote e-voting will run from September 21, 2026, to September 23, 2026. The annual filing also highlights the company's residential development pipeline comprising Rs 13,000 crore in Gross Development Value (GDV) across 19 projects alongside diversification into hospitality and villa communities.
- 43rd Annual General Meeting scheduled for Thursday, September 24, 2026, at 11:30 AM IST in Navi Mumbai.
- Record date for dividend payment and cut-off date for AGM voting set as September 11, 2026.
- Remote e-voting window opens September 21, 2026 (9:00 AM IST) and closes September 23, 2026 (5:00 PM IST).
- Disclosed residential Gross Development Value (GDV) portfolio of Rs 13,000 crore across 19 projects.
- Share capital reflects the conversion of 20,90,000 share warrants into equity during the fiscal year, raising Rs 28.23 crore.
Arihant Superstructures Limited has scheduled an Investor/Analyst Site Visit and Group Meeting on Thursday, September 3, 2026, starting from 10:00 AM onwards. The interaction will be conducted in physical mode. The company confirmed that no unpublished price sensitive information (UPSI) will be shared during the interaction. This is a standard disclosure pursuant to Regulation 30 of the SEBI LODR Regulations.
- Meeting type: Investor/Analyst Site Visit and Group Meeting
- Scheduled date: Thursday, September 03, 2026
- Scheduled time: 10:00 AM Onwards
- Mode of interaction: Physical
- Company confirmed no Unpublished Price Sensitive Information (UPSI) will be shared
Arihant Superstructures Limited has submitted an intimation regarding an upcoming investor/analyst interaction pursuant to SEBI Listing Regulations. The company will participate physically in the Yes Securities Conference on Monday, August 24, 2026, from 10:00 AM to 04:00 PM. The company clarified that no unpublished price sensitive information (UPSI) will be shared during the interactions.
- Meeting scheduled for Monday, August 24, 2026
- Meeting duration from 10:00 AM to 04:00 PM
- Participating in the Yes Securities Conference via physical mode
- Company confirmed no Unpublished Price Sensitive Information (UPSI) will be shared
Arihant Superstructures reported Q1 FY27 revenue of ₹132 crore (up 9% YoY) and PAT of ₹10 crore with an EBITDA margin of 21%. Pre-sales bookings grew 15% YoY to ₹173 crore (2.31 lakh sq. ft. across 221 units), while quarterly collections rose 28% YoY to ₹161 crore. The company received Occupancy Certificates (OC) for 1,495 units and targets delivering 2,500 units in FY27. Net debt stood elevated at ₹818 crore against net worth of ₹460 crore, alongside a planned ₹500 crore 3-year capex outlay for hospitality and club assets.
- Q1 pre-sales grew 15% YoY to ₹173 crore (2.31 lakh sq. ft.) with average realization at ₹7,500/sq. ft.
- Collections jumped 28% YoY to ₹161 crore; revenue rose 9% YoY to ₹132 crore with PAT of ₹10 crore (7.4% margin)
- Received Occupancy Certificates for 1,495 units across 4 projects, progressing toward full-year target of 2,500 unit deliveries
- Net debt stood at ₹818 crore as of June 30, 2026; company committed to a ₹500 crore capex program in hospitality/annuity assets over 3 years
Arihant Superstructures has released the audio recording of its Q1 FY27 earnings call held on August 10, 2026. The company, which reported a TTM revenue of ₹551 Cr and PAT of ₹30 Cr, is currently focused on its 11.2 mn sq. ft. forthcoming project portfolio. Management commentary typically covers the progress of the ₹12 Bn GDV Arihant World Villas and the impact of rising borrowing costs, which increased 97.1% YoY in H1-FY26. This filing is a procedural requirement to ensure transparency for all shareholders.
- Earnings call for the quarter ended June 30, 2026, conducted on August 10, 2026
- Forthcoming project portfolio stands at 11.2 mn sq. ft. with ₹75 Bn revenue potential
- MMR region, particularly Navi Mumbai Airport area, constitutes 57% of the project mix
- Arihant World Villas project has a Gross Development Value (GDV) of ₹12 Bn
- Borrowing costs rose by 97.1% YoY in H1-FY26, impacting PAT margins
Arihant Superstructures reported a 15% YoY increase in pre-sales to ₹173.1 Cr for Q1 FY27, though revenue growth was modest at 8.76% YoY (₹131.6 Cr). Profitability faced significant pressure with PAT declining 38.48% YoY to ₹9.8 Cr, primarily due to higher input costs and labor shortages. The company maintains a robust pipeline of 21 million sq. ft. and a Gross Development Value (GDV) exceeding ₹14,000 Cr. Net debt remains elevated at ₹817.7 Cr, though the adjusted secured net debt-to-equity ratio stands at 0.91.
- Pre-sales grew 15% YoY to ₹173.1 Cr with 221 units sold in Q1 FY27.
- EBITDA margins contracted significantly to 20.94% from 30.41% in the same quarter last year.
- Total pipeline stands at 21 million sq. ft. across 19 projects with a GDV of ₹14,000 Cr+.
- Received Occupation Certificates (OC) for 1.12 million sq. ft. across four projects, facilitating 1,495 deliveries.
- Adjusted Net Debt stands at ₹416.6 Cr against a Net Worth of ₹459.6 Cr.
Arihant Superstructures reported a mixed Q1 FY27, with pre-sales growing 15% YoY to ₹173.1 Cr, while net profit fell 38.5% YoY to ₹9.8 Cr. Revenue increased 8.8% YoY to ₹131.6 Cr, but margins were significantly squeezed by higher input costs and labor shortages, with EBITDA margins dropping from 30.4% to 20.9%. The company successfully received Occupation Certificates (OC) for four projects, facilitating 1,495 deliveries. Despite margin pressure, the company maintains a massive Gross Development Value (GDV) of ₹14,000 Cr+ and a 21 million sq. ft. development pipeline.
- Pre-sales reached ₹173.1 Cr, a 15% increase over Q1 FY26 sales of ₹150.6 Cr.
- PAT declined 38.48% YoY to ₹9.8 Cr, impacted by geopolitical issues and labor shortages.
- Received OCs for 1.1 million sq. ft. across four projects, enabling 1,495 unit deliveries.
- Total Gross Development Value (GDV) stands at ₹14,000 Cr+ with a 21 million sq. ft. pipeline.
- Adjusted Net Debt remains at ₹416.6 Cr with a secured net debt-to-equity ratio of 0.91.
Arihant Superstructures has finalized September 11, 2026, as the record date for its FY25-26 dividend payment. The board has recommended a dividend of Rs 0.25 per equity share (face value Rs 10), which is subject to shareholder approval at the upcoming 43rd Annual General Meeting. At the current market price of Rs 271, this represents a marginal dividend yield of approximately 0.09%. The total estimated payout is small relative to the company's TTM PAT of Rs 30 crore.
- Record date fixed for September 11, 2026, for dividend eligibility.
- Dividend amount recommended at Rs 0.25 per equity share of Rs 10 face value.
- Dividend pertains to the full financial year ended March 31, 2026.
- Approval pending from members at the 43rd Annual General Meeting (AGM).
- Company maintains a high promoter holding of 71.1% as of March 2026.
Arihant Superstructures reported a consolidated Profit After Tax (PAT) of ₹9.78 Cr for Q1 FY27. Standalone revenue from operations grew significantly to ₹22.24 Cr, up from ₹7.46 Cr in the same quarter last year. Profitability remains concentrated in subsidiaries, with Arihant Vatika Realty contributing ₹7.36 Cr to the consolidated PAT. The company has fixed September 11, 2026, as the record date for dividend payments, following a quarter where consolidated net worth reached ₹484.74 Cr.
- Standalone revenue from operations increased 198% YoY to ₹22.24 Cr from ₹7.46 Cr.
- Consolidated PAT for the quarter stood at ₹9.78 Cr, representing approximately 32.6% of the FY26 TTM PAT.
- Subsidiary Arihant Vatika Realty Pvt. Ltd. was the primary profit driver with a PAT of ₹7.36 Cr.
- Record date for dividend payment confirmed as September 11, 2026.
- Consolidated Net Worth reported at ₹484.74 Cr as of June 30, 2026.
Arihant Superstructures reported a consolidated PAT of ₹9.78 Cr for the quarter ended June 30, 2026. Standalone revenue from operations saw a significant jump to ₹22.24 Cr, up from ₹7.46 Cr in the same quarter last year. The company's subsidiary, Arihant Vatika Realty Pvt Ltd, was the primary profit driver, contributing ₹7.35 Cr to the bottom line. The board has fixed September 11, 2026, as the record date for the upcoming dividend payment.
- Consolidated Profit After Tax (PAT) for Q1 FY27 stood at ₹9.78 Cr.
- Standalone revenue from operations increased by 198% YoY to ₹22.24 Cr from ₹7.46 Cr.
- Arihant Vatika Realty Pvt Ltd contributed ₹7.35 Cr to the total consolidated PAT.
- The company set September 11, 2026, as the record date for dividend and September 24, 2026, for the AGM.
- Standalone Net Worth as of June 30, 2026, is reported at ₹254.50 Cr.
Arihant Superstructures has scheduled its earnings conference call for Monday, August 10, 2026, at 11:30 AM IST to discuss financial results for the quarter ended June 30, 2026. The management, including the Joint MD and CFO, will lead the discussion. This follows a fiscal year (FY26) where the company reported a revenue of ₹551 Cr and a PAT of ₹30 Cr. Investors should look for updates on the execution of their 11.2 mn sq. ft. project pipeline and the impact of high borrowing costs on their 1.77 debt-to-equity ratio.
- Earnings conference call scheduled for August 10, 2026, at 11:30 AM IST
- Management representation includes Joint MD Parth Chhajer and CFO Udit Kasera
- Discussion will cover financial performance for the quarter ended June 30, 2026
- Company currently manages a project portfolio of 11.2 mn sq. ft. with ₹75 Bn revenue potential
- TTM revenue stands at ₹551 Cr with an operating profit margin of 22.9%
Arihant Superstructures has appointed Dr. Raghuveer Singh Rajpurohit as an Independent Director for a five-year term effective July 21, 2026. Dr. Rajpurohit brings over 27 years of academic and industry experience, including a past court-appointed chairmanship for merger proceedings at Sangam India Limited. This appointment comes as the company manages a significant debt of ₹451 Cr (D/E 1.77) and a project portfolio of 11.2 mn sq. ft. The move is a routine board update subject to shareholder approval.
- Appointment of Dr. Raghuveer Singh Rajpurohit for a 5-year term ending July 20, 2031
- Appointee brings over 27 years of combined academic and industry experience
- Company maintains a high Debt-to-Equity ratio of 1.77 with ₹451 Cr in debt
- Stock has underperformed with a -40.7% price return over the last 12 months
- Dr. Rajpurohit previously served as a court-appointed Chairman for merger proceedings in 2006
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.
Environmental Compliance
Environmental clearance was recently received for World Villas, 7 Anaika, and Arihant Avanti Palace projects.
Taxation Policy Impact
Tax expenses for H1-FY26 were INR 87 Mn, representing an effective tax rate of approximately 25.1% of PBT.
Risk Analysis
Key Uncertainties
Project execution risk for nascent stage projects and demand risk, with some projects having up to 91% unsold inventory as of August 2024.
Geographic Concentration Risk
High concentration in MMR, with Panvel alone accounting for 57% of the ongoing project revenue mix.
Third Party Dependencies
Dependency on financial institutions for timely debt disbursement and on regulatory authorities for plan approvals.
Credit & Counterparty Risk
Trade receivables stood at INR 1,288 Mn in H1-FY26, up from INR 1,138 Mn in FY25, indicating a slight increase in credit exposure.
