| P/E Ratio (TTM) | 31.41Sector PE 35.28 |
|---|---|
| Market Cap | ₹3,714.4 CrMid-cap Realty |
| Piotroski Score | 8Strong Financials |
| 1-Year Return | 29.97%Price Growth |
| Metric | Q2-27 | Q1-27 | Q2-26 |
|---|---|---|---|
| Revenue from Operations | 576 | 107 | 166 |
| Other Income | 12.6 | 12.3 | 10.6 |
| Total Income | 588 | 120 | 176 |
| Profit Before Tax | 69.0 | 16.3 | 36.1 |
| Net Profit | 51.0 | 13.1 | 27.5 |
| Operating Margin | 11.7% | 13.6% | 20.5% |
| Net Profit QoQ | +289.3% | ||
| Net Profit YoY | +85.5% | ||
| Adj. Profit QoQ | +1,310.0% | ||
| Adj. Profit YoY | +121.2% | ||
Key highlights
- Net profit grew 85.5% year-on-year to reach ₹51.0 crore in Q2 FY27
- Revenue from operations witnessed a 247% surge to ₹576 crore from ₹166 crore in Q2-26
- Adjusted profit showed a massive sequential growth of 1,310.0% over Q1 FY27
- Total financial indebtedness stood at ₹331.62 crore as of September 30, 2026
- Operating margins settled at 11.7% for the quarter against 20.5% in the previous year
- Promoter holding remains steady at 61.11% with zero shares pledged
Strong Delivery Momentum Boosts Revenue Trajectory
Ashiana Housing reported a robust top-line performance for the quarter ended September 30, 2026, with revenue from operations scaling to ₹576 crore. This represents a substantial 247% increase compared to the ₹166 crore reported in the corresponding quarter of the previous fiscal. The surge in revenue was mirrored in the bottom line, where net profit grew 85.5% year-on-year to ₹51.0 crore.
On a sequential basis, the company exhibited a sharp recovery with adjusted profit growing by 1,310.0%, reflecting a significant ramp-up in project recognitions and completion cycles during the first half of the current financial year.
Margin Profiles and Debt Position
- Operating margins for Q2 FY27 settled at 11.7%, a compression from the 20.5% recorded in Q2 FY26.
- Total income for the quarter reached ₹588 crore, inclusive of other income amounting to ₹12.6 crore.
- The company reported a total financial indebtedness of ₹331.62 crore, primarily comprising bank facilities.
- There were no defaults on loans or unlisted debt securities as of the end of the September quarter.
- A final dividend of ₹1.50 per share for FY26 was fully disbursed to shareholders during October 2026.
Strategic Expansion and Market Performance
The company continues to advance its expansion strategy, particularly in the Pune market where it recently acquired a 28.55-acre land parcel with an estimated sales potential of ₹1,800 crore. This move supports the management's broader goal of achieving a full-year pre-sales target of ₹2,200 crore for FY27. With a current market capitalization of ₹3,714.4 crore and a Price-to-Earnings (P/E) ratio of 31.41, Ashiana Housing is trading at a discount to the industry average PE of 35.68.
The stock has maintained positive momentum, recording a 29.97% gain over the last 12 months.
What to watch next
- Achievement of the full-year FY27 pre-sales target of ₹2,200 crore
- Project launch and development progress at the Vadgaon, Pune land parcel
- Resolution of 7 pending investor complaints remaining at the end of the quarter
- Next quarterly financial results announcement scheduled for February 2027
| Share price | ₹369.5 |
|---|---|
| Market capitalisation | ₹3,714.40 Cr |
| Revenue (annual) | ₹1,143.01 Cr |
| Net profit (annual) | ₹117.89 Cr |
| Revenue (latest quarter) | ₹107.45 Cr-66.71% vs previous quarter |
| Net profit (latest quarter) | ₹13.11 Cr-37.48% vs previous quarter |
| P/E (TTM) | 31.41×Sector 35.28× |
| Promoter holding | 61.11%0.00% QoQ |
| FII holding | 8.12%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Ashiana Housing Ltd. announcing its unaudited financial results for the quarter and half-year ended September 30, 2026. Market figures from a third-party data provider.
