Realty company Arvind SmartSpaces announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Bookings were at Rs 381 crore vs. Rs 323 crore last year, growth of 18% on a YoY basis Collections remained flat at Rs 215 crore Revenue from Operations grew by 39% YoY; Rs 163 crore vs. Rs 117 crore last year Adj. EBITDA grew by 57% YoY; Rs 44.6 crore vs. Rs 28.5 crore last year PAT grew by 12% YoY; Rs 21.8 crore as against Rs 19.5 crore last year Net Debt (Interest bearing funds) at Rs 27 crore as on Mar 31, 2025 from Net debt of Rs (41) crore as on Mar 31, 2024. Net Debt (Interest-bearing funds) to Equity ratio stood at 0.04 as on Mar 31, 2025 as against (0.10) as on Mar 31, 2024 Signed a residential plotted development project in Ahmedabad, with a total estimated area of ~150 acre and a top-line potential of ~Rs 600 crore. This project is located in Sanand-Nalsarovar road, Ahmedabad. The projectis acquired on an outright basis FY25 Financial Highlights: Bookings grew by 15% YoY; Rs 1,271 crore vs. Rs 1,107 crore last year Collections improved by 7%; Rs 942 crore vs Rs 876 crore last year Revenue from Operations grew by 109% YoY; Rs 713 crore vs. Rs 341 crore last year Adj. EBITDA grew by 130% YoY; Rs 196.2 crore vs. Rs 85.4 crore last year PAT grew by 133% YoY; Rs 119.2 crore as against Rs 51.1 crore last year During the year acquired new projects with a topline potential of Rs 4,450 crore - added projects across Ahmedabad, Bengaluru and Mumbai Metropolitan Region (MMR). Commenting on the Q4 & FY25 performance, Kamal Singal, Managing Director and CEO, Arvind SmartSpaces said, "FY25 has been another landmark year for us, with several key milestones achieved across bookings, collections, and business development. We are happy to report our highest ever annual bookings at Rs 1,271 crore, marking a 15% growth year-on-year. It’s encouraging to see how well our projects are received by homebuyers, especially in newer micro-markets. Projects like Aquacity and The Park have performed exceptionally well, contributing 67% to the total booking value for the year. Bengaluru continues to be a key growth driver, contributing Rs 474 crore, 37% of our annual bookings. On the business development front, we had another strong year of project additions. We made a grand entry into theMMR region with a 92-acre horizontal project having a topline potential of Rs 1,500 crore. We also added new projects in Ahmedabad and Bengaluru, bringing the total topline potential of projects signed during the year to ~Rs 4,450 crore. Collections for FY25 increased 7% YoY to Rs 942 crore, our highest ever. This was supported by timely sales, swift registrations, and steady construction and deliveries. Further, the size of our P&L; has grown substantially as FY25 PAT increased 133% YoY to Rs 119 crore. Strong collections and profitability resulted in net operating cash flows of Rs 337 crore in FY25. Our focus on creating long-term value for our shareholders continues. We are happy to inform that the Board of Directors have recommended a final dividend of Rs 6/- per equity share of face value of Rs 10/- each. The sector is poised in the midst of a long-term upcycle, with structural drivers outweighing short-term fluctuations. Branded developers with strong Balance Sheets and introducing the right product to the right micro market will stand to benefit. We continue to remain optimistic about the demand environment and are well positioned to further deepen our presence in the key markets of Ahmedabad, Bengaluru and MMR. The company is optimistic that its strategic blueprint drawn around accelerated growth and enhanced liquidity will deliver strong outcomesin the coming year. “ Result PDF
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
Realty company Arvind SmartSpaces announced H1FY25 & Q2FY25 results Highest Ever Quarterly Bookings Value of Rs 464 crore; YoY growth of 26%. Highest Ever Half Yearly Bookings Value Rs 666 crore; YoY growth of 32%. Highest Ever Half Yearly Collections of Rs 497 crore; YoY growth of 6%. Net Operating Cash Flows of Rs 106 crore in Q2FY25. Net Debt remains negative, at Rs (195) crore as on Q2FY25. Signed a new high-rise project at ITPL Road, Bengaluru with a topline potential of ~Rs 600 crore. H1FY25 Revenue increased 144% YoY to Rs 340 crore. H1FY25 PAT increased 137% YoY to Rs 47 crore. Q2FY25 Revenue increased 265% YoY to Rs 266 crore. Q2FY25 PAT increased 293% YoY to Rs 43 crore. Kamal Singal, Managing Director and CEO, Arvind SmartSpaces said: “We are delighted to share that the Company has recorded the highest ever quarterly bookings. For the first time, we have crossed the Rs 400 crore milestone for quarterly bookings. Our half yearly performance, has also been best ever in terms of bookings and collections. Our operations cycle remains strong with operating cash flows of Rs 106 crore during the quarter and Rs 203 crore during the half year. We had a new launch Aqua City in Kalyangadh, South Ahmedabad towards the end of quarter, which received a landmark response. Arvind Aqua City has achieved bookings of more than Rs 500 crore at the launch. It is heartening to see all our new launches over the last several quarters in several different micro markets have created bookings milestones. Recently, we added a high-rise project with a topline potential of Rs 600 crore at ITPL road, Bengaluru. This further strengthens our vertical development portfolio in one of India's largest residential real estate markets. With this acquisition, the cumulative new business development topline potential stands at more than ~Rs 1,010 crore for the current year to date. The optimism in residential real estate, especially mid income and premium segment remains strong. We are progressing well to end the year on a strong note, driven by a solid pipeline of launches and business development in the upcoming quarters” Result PDF
Realty company Arvind SmartSpaces announced Q1FY25 results: Bookings grew by 49% YoY; Rs 201 crore vs. Rs 135 crore last year Collections increased by 21% YoY at Rs 248 crore vs Rs 204 crore last year Revenue from Operations grew by 11% YoY; Rs 75 crore vs. Rs 67 crore last year Adj. EBITDA amounted to Rs 8 crore vs. Rs 16 crore last year PAT amounted to Rs 5 crore as against Rs 9 crore last year Net Debt decreased to Rs (58) crore as on June 30, 2024 from Net debt of Rs (41) crore as on Mar 31, 2024. Net Debt to Equity ratio stood at (0.12) as on Jun 30, 2024 as against (0.08) as on Mar 31, 2024 The cumulative new business development topline potential stands at ~Rs 410 crore in Q1 FY25 Remainder phase of Forest Trails Sarjapur, Bengaluru to be developed as a high-rise project comprising a saleable area of 3.2 lakh sq ft. Top line potential increased by of ~Rs 205 crore Acquired additional 42 acres at Uplands 2.0 & 3.0. This will add Rs 205 crore to the top line Commenting on the Q1FY25 performance, Kamal Singal, Managing Director and CEO, Arvind SmartSpaces commented, "We have started the year on a healthy note with progress in bookings, collections and business development, setting a positive trajectory for the year ahead. Q1FY25, Bookings improved by 49% YoY to Rs 201 crore and Collections improved by 21% to Rs 248 crore. Our operations cycle remains strong with net operating cash flows of Rs 97 crore during the quarter. During the quarter, we added a combined topline of Rs 410 crore across two of our existing projects namely Forest Trails and Uplands 2.0 & 3.0. We believe the overall residential markets remain quite healthy given cyclically low inventory levels and healthy affordability. The remainder of the year should witness a strong uptick in our performance with a robust launch and business development pipeline for the upcoming quarters.” Result PDF
Realty company Arvind SmartSpaces announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Bookings grew by 32% YoY; Rs 323 crore vs. Rs 244 crore last year Collections increased by 14% YoY at Rs 215 crore vs Rs 188 crore last year Revenue from Operations grew by 27% YoY; Rs 117 crore vs. Rs 93 crore last year Adj. EBITDA grew by 38% YoY; Rs 28.6 crore vs. Rs 20.7 crore last year PAT grew by 67% YoY; Rs 15.5 crore as against Rs 9.3 crore last year Net Debt (Interest bearing funds) decreased to Rs (41) crore as on Mar 31, 2024 from Net debt of Rs (30) crore as on Mar 31, 2023. Net Debt (Interest-bearing funds) to Equity ratio stood at (0.10) as on Mar 31, 2024 as against (0.07) as on Mar 31, 2023 Arvind Orchards, Bengaluru launched during Q1 witnessed bookings of Rs 163 crore - booked entire released inventory for sale within 7 houRs Towards end of Q4 Launched Rhythm of Life, Laxmanpura achieving sales of over Rs 70 crore, which is ~75% of the launched inventory FY24 Financial Highlights: Bookings grew by 38% YoY; Rs 1,107 crore vs. Rs 802 crore last year Collections improved by 46%; Rs 876 crore vs Rs 600 crore last year Revenue from Operations grew by 33% YoY; Rs 341 crore vs. Rs 256 crore last year Adj. EBITDA grew by 57% YoY; Rs 85.5 crore vs. Rs 54.5 crore last year PAT grew by 62% YoY; Rs 41.6 crore as against Rs 25.6 crore last year During the year acquired new projects with a topline potential of Rs 4,150 crore - added four new projects in Ahmedabad, and one each in Bengaluru and Surat Commenting on the Q4 & FY24 performance, Kamal Singal, MD and CEO, Arvind SmartSpaces said, “We are pleased to share that FY24 has been a landmark year of the Company with milestones achieved across bookings, collections, and business development. The company has recorded the highest-ever annual bookings of Rs 1,107 crore, a growth of 38% YoY. Brand Arvind continues to be received strongly by homebuyers across newer micro markets. Our new launches including Uplands 2.0 & 3.0, Forest Trails, Arvind Orchards, and Rhythm Of Life, contributed ~70% of our booking value for FY24. Our Bangalore presence remains strong with bookings of Rs 420 crore contributing 38% to the total annual bookings. FY24 marked an orbital change in our Business Development efforts and we acquired new projects with an expected topline of ~Rs 4,150 crore as against Rs 930 crore in FY23. We have added four new projects in Ahmedabad, and one each in Bengaluru and Surat. We look forward to sustaining this momentum in the coming year as well. FY24 Collections at Rs 876 crore, a growth of 46% YoY were the highest ever in the Company’s history, a result of efficient execution of the virtuous process of sales, registrations, construction, and deliveries. Strong collections and profitability resulted in net operating cash flows of Rs 458 crore in FY24. Despite increased investments in Business Development activities, our Net Debt remained negative at Rs (41) crore, on account of significant internal accruals. As a company, the focus always remains on shareholder value creation. We are happy to inform that the Board of Directors has recommended a final dividend of Rs 2.5/- per equity share and a special dividend of Rs 1/- per equity share, totalling to a dividend of Rs 3.5/- per equity share of face value of Rs 10/- each. With an all-time low inventory overhang and a decade-high average pricing growth, demand optimism in the residential markets is likely to continue in the medium term. We are set to further deepen our presence in Gujarat, Bengaluru, and Maharashtra.” Result PDF
Realty company Arvind SmartSpaces announced Q1FY24 results: Added two new horizontal multi-asset township projects in Ahmedabad spread over ~704 acres with a top-line potential of ~Rs 2,300 crore Signed Joint Development project of ~500 acres in South Ahmedabad with a revenue potential of ~Rs 1,450 crore Signed another Joint Development project of ~204 acres in South Ahmedabad with a revenue potential of ~Rs 850 crore Executed an agreement under the Development Management (DM) model to develop 16 acre township at Moti Bhoyan with a potential of Rs 116 crore Bookings grew by 14%YoY; Rs 135 crore vs. Rs 118 crore in Q1FY23 Collections increased by 54% YoY, Rs 204 crore vs Rs 133 crore in Q1FY23 Revenue from Operations, grew 11%; Rs 67 crore vs. Rs 60 crore in Q1FY23 Adj EBITDA improved 19%; Rs 16 crore vs. Rs 14 crore in Q1FY23 PAT increased 11% to Rs 8 crore as against Rs 7 crore in Q1FY23 Net Debt (Interest bearing funds) decreased to Rs (87) crore as on June 30, 2023 from Net debt of Rs (30) crore as on March 31, 2023. Net Debt (Interest-bearing funds) to Equity ratio stood at (0.18) as on Jun 30, 2023 as against (0.07) as on Mar 31, 2023. Commenting on the Q1FY24 performance, Kamal Singal, Managing Director and CEO, Arvind SmartSpaces said, “We started the year on an exciting note with traction in business development, bookings and collections. Q1FY24 was the third successive quarter with best ever collections, Q1FY24 crossed the Rs 200 crore milestone. Bookings remained healthy, driven by robust sustenance sales across our markets. Our operations cycle remains strong with operating cash flows of Rs 111 crore during the quarter. Our business development program has picked up intensity with addition of ~Rs 2,400 crore of potential topline in the last month. We have added two projects in South Ahmedabad with ~704 acres and combined estimated revenue of Rs 2,300 crore. Both the projects are signed under the joint development model enabling low capital intensity and higher returns. We have also signed a DM project, which results in a topline addition of Rs 116 crore. While the industry demand supply remains healthy, consolidation and corporatization continue to improve prospects of branded players. We have the balance sheet, brand, geographical presence, product mix, capital allocation strategies and operational excellence to thrive and continue to grow profitably. We look forward to scale up strongly during the remainder of the year with newerlaunches and project additions across Ahmedabad, Bangalore, Pune and MMR.” Result PDF