Arkade Developers Q2 FY27 Results: Consolidated Net Profit ₹24.81 Crore on Total Income of ₹147 Crore
Earnings
Real estate development
Blacklitt Research4 min read
Estormiz, via Wikimedia Commons (CC0). Illustrative image.
Arkade Developers (NSE: ARKADE) reported consolidated total income of ₹146.83 crore and net profit of ₹24.81 crore for the quarter ended 30 Sep 2026, and standalone total income of ₹146.88 crore and net profit of ₹24.77 crore, it said in a filing on 28 Oct 2026. The results are unaudited and were reviewed by the statutory auditors.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹146.83 crore, down 44.6% YoY and 1.2% QoQ
Net profit: ₹24.81 crore, down 45.8% YoY and up 30.0% QoQ
EPS: ₹1.35 basic, against ₹2.47 a year earlier and ₹1.03 in the previous quarter
Other income: ₹2.18 crore, up 87.3% YoY; 1.5% of total income
Standalone
The company on its own, without its subsidiaries
Total income: ₹146.88 crore, down 44.2% YoY and 1.2% QoQ
Net profit: ₹24.77 crore, down 44.6% YoY and up 28.9% QoQ
EPS: ₹1.35 basic, against ₹2.41 a year earlier and ₹1.03 in the previous quarter
Other income: ₹2.23 crore, up 51.3% YoY; 1.5% of total income
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
146.83
264.82
-44.6%
148.68
-1.2%
Revenue from operations
144.65
263.65
-45.1%
146.97
-1.6%
Other income
2.18
1.17
+87.3%
1.71
+28.0%
24.81
45.81
-45.8%
19.08
+30.0%
Profit before tax
33.27
61.57
-46.0%
26.11
+27.5%
Finance costs
0.20
0.16
+22.8%
0.22
-10.5%
Depreciation
3.28
2.61
+25.8%
3.18
+3.2%
Tax expense
8.47
15.76
-46.3%
7.03
+20.5%
Net profit margin
16.89%
17.30%
-0.40 pp
12.83%
+4.06 pp
EPS, basic (₹)
1.35
2.47
-45.3%
1.03
+31.1%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Revenue from operations fell 45.1% to ₹144.65 crore from ₹263.65 crore a year earlier, while other income rose to ₹2.18 crore from ₹1.17 crore. Other income is 1.5% of total income this quarter, so the year-on-year fall in total income of 44.6% sits almost entirely in operating revenue.
Profit before tax fell 46.0% to ₹33.27 crore from ₹61.57 crore, and tax expense fell to ₹8.47 crore from ₹15.76 crore. Net profit fell 45.8% to ₹24.81 crore. The gap between profit before tax and net profit is ₹8.46 crore, close to the tax expense of ₹8.47 crore.
Against the previous quarter, total income fell 1.2% while net profit rose 30.0%, from ₹19.08 crore to ₹24.81 crore. Profit before tax rose 27.5%, from ₹26.11 crore to ₹33.27 crore, and tax expense rose 20.5%, from ₹7.03 crore.
Finance costs were ₹0.20 crore against ₹0.16 crore a year earlier, and depreciation was ₹3.28 crore against ₹2.61 crore. Finance costs are 0.1% of total income. The notes say the company allocated ₹1.89 crore of employee costs directly attributable to its real estate projects to inventory in the quarter under Ind AS 2.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
146.88
263.01
-44.2%
148.67
-1.2%
Revenue from operations
144.65
261.54
-44.7%
146.97
-1.6%
Other income
2.23
1.47
+51.3%
1.70
+31.2%
24.77
44.67
-44.6%
19.21
+28.9%
Profit before tax
33.23
60.04
-44.7%
26.24
+26.6%
Finance costs
0.21
0.16
+31.0%
0.21
+1.7%
Depreciation
3.28
2.61
+25.8%
3.18
+3.2%
Tax expense
8.47
15.38
-44.9%
7.03
+20.5%
Net profit margin
16.86%
16.98%
-0.12 pp
12.92%
+3.94 pp
EPS, basic (₹)
1.35
2.41
-44.0%
1.03
+31.1%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone figures track the consolidated ones closely. Revenue from operations fell 44.7% to ₹144.65 crore, the same as the consolidated figure, while other income rose 51.3% to ₹2.23 crore. Net profit fell 44.6% to ₹24.77 crore, and profit before tax fell 44.7% to ₹33.23 crore.
The consolidated net profit of ₹24.81 crore is ₹0.04 crore higher than the standalone figure. The consolidated statement adds four subsidiaries (Arkade Paradigm, Arkade Realty, Filmistan Private Limited and Assist 360 Facility Management Private Limited) and two associates (Atul & Arkade Realty and Bhoomi & Arkade Associates), and the company operates in one segment, real estate development.
The notes say that earlier periods' eligible employee costs were charged to the statement of profit and loss instead of inventory, that the company judged the effect in those periods not material, and that comparatives have not been adjusted retrospectively.
Inference
The auditor's standalone review report says nothing has come to its attention that the statement has not disclosed the information required by the Listing Regulations or contains a material misstatement.
The board approved the incorporation of a wholly owned subsidiary, and the company says disclosures on it will be submitted after incorporation. The board also approved Maria S John as interim Company Secretary and Compliance Officer from 1 Dec 2026, during the maternity leave of Sheetal Solani from 30 Nov 2026.
The filing does not give the reason for the exceptional item of ₹182.17 crore, labelled diminution in value of investment in the standalone statement and tenancy rights in the consolidated one, shown in the year ended 31 Mar 2026 column. It also does not say what the new subsidiary will do or how it will be funded.
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