Arkade Developers Q3 Results: Revenue down 6% YoY to Rs 224.62 crore, Net Profit down 3.6% YoY 

Arkade Developers reported its financial performance for the quarter ended December 31, 2024, reflecting growth in revenue but a mixed performance across other key financial metrics.

Key Highlights:

Advertisement

  • Revenue from Operations: ₹224.62 crore, up 11.4% from ₹201.64 crore in the previous quarter but slightly down from ₹239.11 crore in Q3 FY24.
  • Net Profit: ₹50.08 crore, up 15.5% QoQ from ₹43.36 crore but declined 3.6% YoY compared to ₹48.87 crore in Q3 FY24.
  • EBITDA: Margins remained under pressure as the company continues to navigate rising input costs.

Financial Overview:

  • Cost of Construction: ₹239.63 crore, significantly higher compared to ₹130.92 crore in the previous quarter, reflecting increased project activity.
  • Employee Benefits Expense: ₹60.51 crore, showing a steady rise as Arkade invests in scaling operations.
  • Total Expenses: ₹165.31 crore, up from ₹144.82 crore in the previous quarter.

Tax and Margins:

  • Tax Expense: ₹16.56 crore, up from ₹15.02 crore in the previous quarter.
  • EBITDA Margins: Continued to face pressure due to higher construction costs, showing a slight contraction.

Arkade Developers remains focused on operational efficiencies and scaling its high-margin projects while addressing the challenges posed by fluctuating costs. The company remains optimistic about sustaining long-term growth despite short-term pressures.