Mumbai, July 25
Arkade Developers Ltd's net profit for the first quarter of the current financial year (Q1 FY26) stood at Rs 28.75 crore, down over 13 per cent sequentially, the company said in an exchange filing on Friday.
The real estate developer had posted a consolidated profit of Rs 33.26 crore in the preceding quarter (Q4 FY25).
The company's profit declined by over 4 per cent on a year-on-year (YoY) from Rs 30.21 crore in the corresponding quarter a year ago (Q1 FY25).
Meanwhile, its revenue from operations stood at Rs 159.4 crore in the quarter under review, up Rs 28 crore from Rs 131.44 crore of Q4 FY25 and Rs 34.06 crore from Rs 125.38 of Q1 FY25.
However, the company's total expenses shot up to Rs 127.34 crore in the April-June quarter, hitting hard at its bottom line.
The Board has recommended a maiden interim dividend of 10 per cent, the filing said.