Q3 2026 Ashiana Housing Ltd Earnings Call Transcript
Key Points
- Ashiana Housing Ltd (BOM:523716) surpassed its FY26 presales target of INR2,000 crores, driven by strong booking conversions in the Ashiana Aaroham project in Gurugram.
- The company achieved a significant increase in sales value for the current quarter, reaching INR397.03 crores compared to INR303.43 crores in Q2 FY26, primarily due to new launches.
- Total revenue for Q3 FY26 increased to INR373.35 crores from INR176.18 crores in Q2 FY26, driven by higher deliveries.
- Profit after tax for Q3 FY26 more than doubled to INR56.65 crores from INR27.54 crores in Q2 FY26.
- The company reported healthy pretax operating cash flow of INR179.05 crores during the quarter, supported by better sales and collections.
- The equivalent area constructed for Q3 FY26 decreased to 6.14 lakh square feet from 7.25 lakh square feet in Q2 FY26, impacted by GRAP-related restrictions in Delhi NCR.
- Future project and land pipeline has decreased from 10 million square feet two years ago to around 7 million square feet, raising concerns about the launch pipeline drying up.
- The company faces challenges in closing acquisitions in Bangalore, Panvel, and Jaipur due to conditions precedent not being met.
- There is ongoing litigation related to the Ashiana Town project, with customer complaints about regulatory approvals and maintenance services.
- The company acknowledges potential cost overruns and learning costs in new projects, particularly in new geographies like Bangalore.
Ladies and gentlemen, good day, and welcome to Ashiana Housing Limited Q3 FY26 earnings call. (Operator Instructions)
Please note that this conference is being recorded.
I now hand the conference over to Mr. Kanav Khanna. Thank you, and over to you.
Thanks, and welcome, everyone, for joining Q3 FY26 earnings call of Ashiana Housing Limited. The results and the investor presentation has been mailed to you and is also available on the stock exchanges. In case you have not received them, kindly write to us, we'll be happy to send it over.
Now to take us through the results of the quarter and nine months gone past and answer to all your queries, we have with us the management of Ashiana Housing Limited, Mr. Varun Gupta, Whole-Time Director; and Mr. Vikash Dugar, CFO.
We will start the call with a brief overview of the company's performance for the quarter and nine months ended December 31, 2025, and then followed up with question and answer. I would like to remind you that everything
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