Ashiana Housing (523716) Q4 25/26 earnings summary

Executive summary

• FY 2026 marked a record year with highest-ever bookings, revenue, and PAT, driven by robust demand, major launches, and disciplined expansion, especially in Senior Living.

• Achieved record value of area booked at Rs 2,421.13 Cr in FY26, up 25% YoY, with area delivered at 20.42 lakh sq ft.

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

• Expanded Senior Living portfolio with new land acquisitions in Chennai and Maharashtra, adding over 26 lakh sq ft of development potential.

• Settled a long-standing dispute in Kolkata, resulting in a favorable cash settlement of INR 18.5 crore.

Financial highlights

• FY 2026 total income reached INR 1,187 crore, more than doubling year-on-year; EBITDA grew 281% to INR 176 crore (14.85% margin), and PAT rose to INR 118 crore (9.93% margin).

• 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.

• Q4 FY26 total income was INR 335 crore, up 46% year-on-year, with EBITDA at INR 35 crore (19% growth) and PAT at INR 21 crore (6.26% margin).

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

• Pre-tax operating cash flow for FY 2026 was INR 577 crore, up 34% year-on-year, the highest ever.

Outlook and guidance

• Pre-sales target for FY 2027 is INR 2,200 crore, with Senior Living sales expected 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 phases in all major Senior Living projects.

• Margin profile expected to improve in FY 2027 and further in FY 2028 as low-margin projects phase out.

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