Arihant Superstructures Ltd

- The company is open to raising capital at an appropriate time to support growth and new opportunities. - There is an intent to invite investors through further rounds of preferential allotment to raise funds. - Promoters and institutional funds currently contribute to financial outgo; FY25 interest cash outflows expected around INR 50 crore. - Cash flows and existing funds will largely be utilized for ongoing project development. - Approximately 10% of free cash flows may be used for land acquisition, but larger land payments/business expansions will require external funding. - The company continues to explore business development opportunities and aims to maintain a strong market position via strategic fundraising when suitable.

- Arihant Superstructure Limited has planned capital expenditure (CAPEX) related to the Club 10 Gymkhana project, budgeted around INR 125-150 crore (not INR 250 crore as initially mentioned). - The company is investing 100% ownership in this project, which will offer lifestyle opportunities but no ownership to membership holders. - Free cash flows are primarily utilized for ongoing projects; approximately 10% of cash flows may be used for land payments or acquisitions. - To expand the business and acquire new projects, the company remains open to inviting investors and raising funds at appropriate times. - Land bank is expected to grow from around 200 acres to 300 acres with a mix of owned lands (75%) and joint developments (20-25%). - New projects launching in FY25 with commencement certificates secured, indicating ongoing strategic investments in project development. - Overall, the company plans to maintain capital efficiency and prudent spending aligned with growth and margin improvement objectives.

- The company targets a 25-30% growth in pre-sales, revenues, EBITDA, and PAT for FY25. - Premium housing will increasingly contribute to revenues and EBITDA, boosting overall margins. - New project launches and commencement certificates for seven projects set for FY25 will support growth. - Collection targets for FY25 are in the range of INR 650-700 crores. - The company aims to maintain EBITDA margins moving towards 30%+ with PAT margins around 20%+. - Pre-sales guidance is INR 1,300 crores for FY25, with a conservative approach and potential for surprises. - Market growth is supported by infrastructure developments such as Navi Mumbai Metro, Atal Setu, and upcoming Navi Mumbai International Airport Terminal 1. - The business development pipeline is expanding land holdings from 200 acres to approximately 300 acres for future projects.

- The company expects 25-30% growth in pre-sales, revenues, EBITDA, and PAT for FY25. - EBITDA and PAT margins are also expected to increase alongside this growth. - Premium housing will drive higher contributions to revenues and EBITDA, enhancing margins further. - EBITDA margin is targeted around 30%+ for new projects, with an overall current margin of ~22.37% expected to improve YoY. - PAT margin is anticipated to be around 20%+ over time. - Revenue recognition and sales are diversified across affordable, mid-income, and premium segments, supporting balanced growth. - Conservative pre-sales guidance for FY25 is INR 1,300 crore, with potential for upside surprises. - Continued capital efficiency and operational discipline are expected to support sustainable profitability and EPS growth.

- The company has a total unsold inventory of about INR 6,500 crores from ongoing projects as of FY24. - Additionally, INR 2,300 crores worth of new projects were added in the last financial year. - Total projects under development have a Gross Development Value (GDV) of approximately INR 8,800 crores (company’s share). - These projects are spread across 17 ongoing projects, with sales and revenue recognition expected over an average of five years. - The mix of projects includes affordable housing (35%), mid-income housing (35%), and premium segment (30%). - New project launches are planned monthly in FY25, including World Villas at Chowk, Arihant Avanti at Shilphata, and Arihant 7 Anaika at Taloja. - The company targets 25-30% growth in pre-sales and revenues in FY25, indicating a strong order book pipeline.