Arkade Developers Limited — Updates, 13-11-2024: Press Release

Arkade Developers Limited reported a solid financial performance for the first half of FY25, with revenue growing 20.4% to ₹328.85 Cr and net profit up 35.2% to ₹73.58 Cr. EBITDA also showed substantial growth, increasing by 36.9% to ₹102.49 Cr. In Q2 FY25, revenue was ₹203.34 Cr, with net profit at ₹43.36 Cr and EBITDA at ₹60.41 Cr. The company's strong growth is driven by robust pre-sales activity, which totaled ₹336.44 Cr for the half-year. Additionally, collections rose 26.9% to ₹299.95 Cr, reflecting the company’s strong operational capabilities. With zero net debt and a focus on strategic launches, including the recently launched Arkade Rare, Arkade Developers is well-positioned for sustained growth within the competitive Mumbai real estate market. Investors should take note of the positive momentum and the potential for continued expansion driven by healthy cash flows and a solid pipeline of redevelopment projects.