Arihant Superstructures Ltd

Meeting Details

• Date and time: Monday, August 24, 2026, 10:00 AM–04:00 PM.
• Mode: Physical; Organizer: Yes Securities Conference.

Participants

• Key company participants not listed.

Purpose

• Purpose: Investor/analyst interaction under Regulation 30.

Additional Notes

• Recording/presentation availability not specified.

Meeting Details

• Date and time: August 10, 2026 at 11:30 p.m.
• Type and mode: earnings conference call; group virtual (listen-only).
• Event/organiser: Q1 FY27 Earnings Conference Call; organiser Arihant Capital Markets Ltd.
• Key management participants: Chairman & MD; CFO.
• Purpose: discuss quarterly earnings and outlook.
• Recording: conference is being recorded.
• Transcript: available on company website.

Financial Performance

• Q1 FY27 consolidated revenue: INR 132 crores; up 9% YoY from INR 121 crores.
• EBITDA: INR 28 crores; EBITDA margin: 21%.
• Collections: INR 161 crores; YoY growth 28%.
• Average selling price per sq ft: INR 7,500; average price per unit: INR 78 lakhs.
• Pre-sales: INR 1,731 million vs revenue: INR 1,316 million; revenue-recognition cycle ~90 days.
• Occupancy certificates for 4 projects; ~1,495 units completed and ready for possession.

Operating & Market Trends

• Sales bookings: 221 units; area 2.31 lakh sq ft; value INR 173 crores; +15% YoY in area/value.
• MMR and Mumbai 3.0 market remains positive with upcoming infrastructure benefiting demand.
• Average realization guidance shows potential uplift with premium mix; delivery cycle ~4 years on average.

Balance Sheet & Liquidity

• Total debt: INR 730 crores; 90-93% in residential; ~7% in hospitality.
• GDV currently INR 14,000 crores; fundraise of INR 36 crores via preferential already noted.
• Hospitality capex plans: INR 350 crores; total investment program ~INR 500 crores over 3 years.

Projects & Capex

• World Villas/Town Villas land acquisitions in Thane and Shilphata; land prices ~3x prior levels.
• No new capital investments planned this financial year; INR 14,000 crores of projects in hand.
• Hospitality focus includes a second hotel near Imagicaa; occupancy target ~70–75% in hotels.
• Premium/middle/affordable mix targets: 40–45% premium, 30–35% middle, 20% affordable.

Q&A Highlights

• Structural growth likely to be similar in next four quarters; no exponential run-rate expected.
• Cost savings: HR costs flat; construction costs rising; inventory helps neutralize impact.
• Pre-sales growth of 173.1 cr; revenue recognition ~90 days from pre-sales.

Guidance & Outlook

• No new capex programs for the year; focus on existing INR 14,000 crores of projects.
• ROCE expected to move back toward the 20s; debt-to-equity to gradually come down as projects mature.
• Delivery cycle: average four years; avoid piling up ready stock; sell stocks in time.

Earnings call recording

• Audio recording of Q1 FY26-27 earnings call (quarter ended June 30, 2026) released.

Business overview

• Arihant is Navi Mumbai-based developer focusing on affordable/mid-income housing in MMR and Jodhpur.
• Ventures into luxury villas, a 5-star hotel, and gymkhana to create annuity income.
• Pipeline of 21 million sq ft across 19 projects; 14,200+ units delivered.
• Land approvals around ₹700 crore, ~5% of GDV, to support growth.
• OC received for key projects enabling 1,495 deliveries.

Operational highlights

• Q1 FY27 pre-sales ₹173 cr, up 15% YoY.
• GDV stands at ₹14,000 cr, five-year growth.
• Town Villas land addition of 2 acres; township size to 99 acres.
• OC for several projects enabling 1,495 deliveries.
• Revenue ₹1,316 mn; EBITDA ₹276 mn; PAT ₹98 mn.
• EBITDA margin 20.94%; PAT margin 7.43%.
• Collections ₹1,612 mn; unsold inventory 236 units.

Financial performance

• Revenue ₹1,316 mn; EBITDA ₹276 mn; PAT ₹98 mn.
• EBITDA margin 20.94%; PAT margin 7.43%.
• QoQ: revenue -27.2%; EBITDA -8.8%; PAT -17.8%.
• EPS ₹1.39.

Capital structure & liquidity

• Gross debt ₹8,863 mn; net debt ₹8,177 mn; cash ₹165 mn; investments ₹521 mn.
• Unsecured loans ₹4,011 mn; adj net debt ₹4,166 mn; net worth ₹4,596 mn; adj debt/equity 0.91.
• Lenders include HDFC Bank, SBI, ICICI Bank, STCI Finance, ICICI Ventures, Tata Capital, Bajaj Housing Finance.
• Net debt service approx ₹4.2 bn.

Strategy & outlook

• Target to deliver over 2,500 units this fiscal year.
• Annuity asset pipeline expanding; strict cost controls to normalize margins.
• World Villas project: ₹3.5 bn outlay; 15% IRR; 90 acres; 391 villas; 221-key hotel.
• Forthcoming portfolio: 14.6 mn sq ft, ₹100 bn revenue potential.

Risks & mitigations

• West Asia geopolitical issues raise input costs.
• Labor shortages due to elections.
• Management focus on cost controls and seamless execution to protect margins.

Governance & leadership

• Board comprises 50% independent directors; Audit & Remuneration Committees fully independent.
• CFO: Udit Kasera; governance framework aligned with SEBI regulations.

Dividend record date

• Dividend of Rs 0.25 per equity share for FY2025-26, subject to AGM approval.
• Record Date: 11 September 2026.
• Security: Equity shares, face value Rs 10.

Financial results approved

• Unaudited standalone and consolidated results for quarter ended 30 June 2026 approved with Limited Review Report.

AGM & dividend actions

• 43rd AGM fixed for 24 September 2026 at 11:30 am; Notice approved.
• Dividend record date fixed as 11 September 2026.

Directors' Report & compliance

• Directors’ Report and annexures under Section 134 approved.

Auditor observations

• Auditors’ reviews found no material misstatement or emphasis of matter.

Meeting Details

• Date and time: August 10, 2026 at 11:30 IST.
• Type and mode: group earnings call, virtual conference.
• Organiser: Arihant Capital Markets Ltd.
• Company participants: MD, Joint MD, CFO to present.
• Purpose: discuss Q1 FY27 results; recording and transcript to be published.

Meeting Details

• Board meeting scheduled on August 07, 2026 at 12:00 noon.

Key Agenda Items

• To consider and approve standalone and consolidated unaudited financial statements for quarter ended June 30, 2026 with LRR.
• To consider and approve Directors Report with Annexures under Section 134 of the Companies Act, 2013.
• To decide AGM date for FY ending March 31, 2026 and related e-voting/Notice matters.

Other Notes

• Trading window closed from July 01, 2026 until 48 hours after LRR declaration.