India · Delayed Price · Currency is INR Ashiana Housing Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 saw record financial and operational results, with strong growth in Senior Living and robust cash flows. Margin and ROE improvements are expected in FY 2027, supported by a healthy launch pipeline and disciplined capital allocation.
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Q3 FY 2026 saw record pre-sales, strong revenue growth, and robust cash flow, led by premium and senior living projects. The outlook remains positive with a healthy launch pipeline, rising realizations, and a focus on margin expansion and stability.
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Q2 FY26 featured steady sales and strong cash flow, with revenue and PAT impacted by project mix and deliveries. Senior living remains a strategic focus, with new land acquired in Chennai and robust pre-sales targets for FY26. Margins and ROE are expected to improve significantly by FY28.
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Q1 FY26 delivered strong sales growth, higher revenues, and a return to profitability, supported by robust project launches and handovers. Margin profile is set to improve as low-margin projects phase out, with medium-term revenue and profit guidance reaffirmed.
Fiscal Year 2025
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FY25 saw strong sales and cash flow but lower revenue and profit due to project delivery delays. Senior living is a key growth driver, with robust launches planned and a focus on maintaining INR 2,000 crores in annual bookings. Margins are set to improve from FY27 as legacy projects phase out.
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Q3 FY25 saw strong year-over-year growth in pre-sales and revenue, with healthy cash flows and new project launches. FY25 pre-sales guidance remains at ₹2,000 crores, contingent on the Ashiana Amara Phase V launch, while margins are expected to improve in FY26 as higher-margin projects are delivered.
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Q2 FY25 saw a sharp rise in area booked and pre-sales, but revenue and PAT declined due to limited project deliveries. Management maintains FY25 pre-sales guidance at INR 2,000 crores, expects margin expansion from FY26, and is cautious on land acquisitions amid high prices.
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Q1 FY25 saw lower bookings and a net loss due to project mix and one-off costs, but revenue was stable year-over-year. Senior living and premium projects are expanding, with improved margins expected in new phases and a continued focus on conservative capital management.