Realty company Arvind SmartSpaces announced Q3FY25 results Bookings were at Rs 224 crore vs. Rs 280 crore Q3FY24. Collections improved by 18%; Rs 229 crore vs Rs 194 crore Q3FY24. Revenue from Operations grew by 149% YoY; Rs 210 crore vs. Rs 84 crore Q3FY24. Adj. EBITDA grew by 188% YoY; Rs 60 crore vs. Rs 21 crore Q3FY24. PAT grew by 331% YoY; Rs 50 crore as against Rs 12 crore Q3FY24. Net Debt (Interest bearing funds) decreased to Rs (196) crore as on Dec 31, 2024 from Net debt of Rs (195) crore as on Sept 30, 2024. Net Debt (Interest-bearing funds) to Equity ratio stood at (0.34) as on Dec 31, 2024 as against (0.37) as on Sep 30, 2024. Kamal Singal, Managing Director and CEO, Arvind SmartSpaces, said: “Our 9M performance, has been best ever in terms of bookings and collections. Our operations cycle remains strong with operating cash flows of Rs 277 crore during the nine months. Further, the size and scale of P&L; is catching up with our operational performance, with PAT of Rs 97 crore during 9MFY25. Recently, we entered MMR with a ~Rs 1,500 crore horizontal multi-asset township project, marking a significant milestone in our growth journey. Entering MMR reinforces our strategy of balanced geographic diversification across Gujarat, Karnataka and Maharashtra. We also added a new industrial park project in Ahmedabad with a top-line potential of ~Rs 1,350 crore. This Joint development project on NH47, Bavla-Bagodara Road is envisaged to be one of the largest industrial parks in Gujarat. Our business development pipeline remains robust with a cumulative topline potential exceeding Rs 3,850 crore for the current year to date. Demand momentum for branded developers remains robust. Strong growth in collections alongside sales and disciplined project additions has led to an excellent balance sheet for ASL. This positions us well to deepen our market share in our target geographies and create long-term value for all stakeholders.” Result PDF