Arkade Developers Q2 FY27 profit near ₹25 crore; net debt nil

What was reported

Arkade Developers released unaudited financial results for the quarter and half-year ended 30 September 2026. The board was scheduled to consider and approve the unaudited standalone and consolidated results on 28 October 2026, and an investor earnings call followed on 29 October 2026.

The company reported a consolidated profit after tax of about ₹25 crore for Q2 FY27. Operating EBITDA was ₹35 crore, giving a PAT margin of 17%. Collections for the quarter rose 22% year on year to ₹183 crore.

Profit and revenue fell year on year

Revenue and profit were lower than in the same quarter of the previous year. Reports differ on the size of the decline because they use different bases and rounding, so each figure is shown with its source.

One report carries a headline figure citing a 46% decline in profit. The standalone comparison in the same results data works out to about 44.55%. Standalone basic and diluted earnings per share, not annualised, were ₹1.35, against ₹2.41 a year earlier.

Balance sheet and collections

The company reported zero net debt and a net liquid cash balance of ₹63 crore as of the quarter end. Collections of ₹183 crore were up 22% from a year earlier, while revenue recognised in the quarter was lower.

Half-year and sequential comparison

For the six months ended 30 September 2026, one report gives consolidated profit of ₹43.88 crore, down from ₹74.56 crore in the same period a year earlier. Consolidated revenue from operations for the half-year was ₹291.62 crore.

Compared with the June 2026 quarter, the company recorded higher profit in the September quarter. Q1 FY27 revenue from operations was ₹146.97 crore, against ₹159.45 crore in Q1 FY26, and Q1 FY27 net profit was ₹19 crore.

Pipeline and new projects

The company cites an estimated gross development value pipeline of ₹19,000 crore spread over 5.7 million square feet. Management has indicated that two new projects with a combined gross development value of ₹2,800 crore are slated for launch. The names and launch timing of these projects were not given in the results coverage.

The board also approved the incorporation of a new wholly-owned subsidiary and a temporary leadership change in the secretarial department, effective 1 December 2026.

Filing and company background

On 6 October 2026 the company submitted its compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, to BSE and NSE, covering the quarter ended 30 September 2026.

Arkade Developers was listed on the major Indian stock exchanges in September 2024 through an initial public offering that raised ₹410 crore. For the 2024-25 fiscal year, consolidated net profit rose to ₹156.92 crore from ₹122.91 crore, according to a financial report. Full-year pre-sales reached ₹901 crore in FY26, up 17% year on year.

The company describes its focus as the Mumbai Metropolitan Region. Its own website says it has delivered over 5.5 million square feet of property, with a further 2 million square feet under construction.

What it means for buyers and investors

For investors, the results show lower revenue and profit against a year earlier, a debt-free balance sheet and a stated pipeline of new launches. The release gives company-level figures and does not set out individual project timelines.

For home buyers, the figures describe the developer as a whole. Buyers considering a specific Arkade project should check that project's registration and possession date on the state real estate regulator's records rather than relying on company-level results.

What comes next

• 28 October 2026: board meeting to approve the unaudited standalone and consolidated results for the quarter and half-year ended 30 September 2026.
• 29 October 2026: investor and analyst earnings call for the quarter and half-year.
• Launch of two new projects: combined gross development value of ₹2,800 crore, with no launch date given in the coverage.
• 1 December 2026: temporary leadership change in the secretarial department takes effect.