Ashiana Housing (523716) Q4 25/26 earnings summary

Executive summary

• FY 2026 marked a landmark year with robust demand, record value of area booked at Rs 2,421.13 Cr (up 25% YoY), and strong launches, especially in Senior Living, supported by favorable industry trends and premiumization in residential demand.

• Highest ever sales and other income at Rs 1,185.06 Cr in FY26, more than double FY25, with area delivered at 20.42 lakh sq ft.

• Senior Living segment saw record bookings and strategic land acquisitions in Chennai and Maharashtra, adding over 26 lakh sq ft of development potential and positioning the business for long-term growth.

• Audited standalone and consolidated financial results for FY26 were approved with unmodified opinions from statutory auditors.

• Settlement of long-term dispute in Kolkata resulted in a favorable cash settlement.

Financial highlights

• Q4 FY26 value of area booked was INR 1,290 crore, up 225% sequentially and 124% year-on-year, driven by Gurugram launches.

• Average realization for Q4 rose 71% YoY to INR 11,566/sq ft; EAC for FY26 at 26.19 lakh sq ft, up 30% YoY.

• FY26 total income at INR 1,187 crore (more than doubled YoY), EBITDA at INR 176 crore (+281% YoY, margin 14.85%), PAT at INR 118 crore (margin 9.93%).

• Standalone revenue for FY26 was INR 1,10,958 lakhs, up from INR 48,206 lakhs in FY25; consolidated revenue was INR 1,18,743 lakhs, up from INR 55,745 lakhs in FY25.

• Highest ever customer collections at Rs 1,762 Cr in FY26.

Outlook and guidance

• FY27 pre-sales target set at INR 2,200 crore, with Senior Living targeted to cross INR 700 crore.

• Over Rs 5,897 Cr in revenue already locked in from ongoing projects for the next 3-5 years, with additional Rs 1,698 Cr from unsold inventory.

• Launches planned for Ashiana Oma, Tattvam, Aranya, and multiple Senior Living phases; focus on expanding Senior Living across Chennai, Bangalore, and Mumbai-Pune.

• Margin profile expected to improve in FY27 and further in FY28 as low-margin projects phase out.

• Future projects pipeline includes 41.1 lakh sq ft of saleable area across multiple cities.