Arkade Developers Limited has informed the Exchange regarding clarification on the exceptional item accounted in the Financial Results for the quarter and year ended March 31, 2026.
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Arkade Developers reported strong FY26 performance with pre-sales of ₹901 crore (up 17% YoY) and total revenue of ₹828 crore (up 19% YoY). Q4FY26 revenue grew 48% YoY to ₹199 crore. During the year, the company completed the strategic acquisition of Filmistan Private Limited for its iconic Goregaon West property. As part of consolidating ownership directly under Arkade Developers, tenancy rights were adjusted, resulting in a one-time exceptional accounting impact of approximately ₹182 crore in consolidated financial statements. The company clarified this is a non-operational, one-time adjustment and does not reflect underlying business strength. The Filmistan development is expected to have an estimated GDV of ₹3,500 crore and contribute ₹1,000-1,200 crore to the bottom line over 3-5 years.
The exceptional item of ₹182 crore is a one-time accounting adjustment from the Filmistan acquisition restructuring and should not impact the company's fundamentally strong performance. The low net debt-to-equity ratio of 0.08 and robust pre-sales growth indicate healthy financials despite this non-cash charge.