Q3FY17 results: Arihant Superstructures

Arihant Ltd. reported its results for the quarter ended December 31, 2016. The total sales for this quarter, Q3FY17, came in at Rs 25.3 crore. This represents a 12.49 per cent sequential increase and 4.42 per cent YoY decline.

Its operating profit (EBIT) for the recently concluded quarter amounted to Rs 5.7 crore and the EBIT margin stood at 22.53 per cent. In terms of the bottom-line, the company reported a PAT figure of Rs 3.1 crore, which represents a sequential QoQ increase of 35.85 per cent and a YoY decline of 60.27 per cent.

The company is an eminent player in affordable housing space. It has projects in high growth regions of Navi Mumbai (Maharashtra) and Jodhpur (Rajasthan). As per the recent Budget, we see that most of its projects fall within affordable housing definition as per the revised criteria of sixty square meters announced in the Union Budget 2017. The houses are budget homes with price ranging from Rs 10 lakh to Rs 50 lakh.
 
Arihant Superstructures Ltd. is an India-based company, which deals with real estate and infrastructure development business. The company operates in a single business and geographical segment, that is, in construction and allied activities. The projects of the company include Arihant Adita, Arihant Abhilasha, Arihant Sparsh, Arihant Aura, Arihant Anaya and so on.