Dear Sir/Madam, Please find enclosed financial results as of 31.03.2025 for your records.
ARIHANT · price
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Awaiting price reaction for this filing.
Arihant Foundations & Housing, a Chennai-based real estate company, reported strong FY25 results. Standalone revenue from operations rose about 60% to ₹12,226 lakhs (from ₹7,651 lakhs), and standalone profit after tax jumped to ₹2,546 lakhs (from ₹323 lakhs), with basic EPS of ₹27.95 vs ₹3.54. On a consolidated basis, revenue grew roughly 66% to ₹20,644 lakhs and PAT climbed to ₹4,270 lakhs (from ₹1,351 lakhs), giving EPS of ₹46.88 vs ₹14.83. The auditor (B.P. Jain & Co.) issued unmodified opinions on both standalone and consolidated results, though the cover letter contains an internal inconsistency referencing a 'modified opinion' on consolidated (the actual audit report text is unmodified). The company raised fresh equity during the year via a preferential allotment of shares and warrants. The board approved the results on May 30, 2025.
The headline numbers look impressive — revenue and profits have more than doubled year-on-year, which could be positive for the stock. However, operating cash flow is deeply negative on both a standalone (-₹10,586 lakhs) and consolidated (-₹8,255 lakhs) basis, mainly because inventories ballooned from ₹1,769 lakhs to ₹13,833 lakhs standalone, meaning profits are tied up in unsold projects rather than cash. Shareholders should weigh strong accounting profits against this working-capital strain and the rising borrowings before drawing conclusions.