Conference Call with Arvind SmartSpaces Management and Analysts on Q1FY26 Performance and Outlook. Listen to the full earnings transcript.
Realty company Arvind SmartSpaces announced Q1FY26 results Bookings were at Rs 175 crore vs Rs 201 crore last year Collections amounted to Rs 191 crore vs Rs 249 crore last year Revenue from Operations grew by 37% YoY to Rs 102 crore vs. Rs 75 crore last year Adj. EBITDA grew by 205% YoY to Rs 24.5 crore vs. Rs 8 crore last year PAT grew by 159% YoY to Rs 12 crore as against Rs 5 crore last year Net Debt (Interest bearing funds) at Rs (50) crore as on June 30, 2025 from Net debt of Rs 27 crore as on Mar 31, 2025. Net Debt (Interest-bearing funds) to Equity ratio stood at (0.08) as on June 30, 2025 as against 0.04 as on Mar 31, 2025 Net Operating Cash Flows of Rs 27 crore in Q1FY26 Kamal Singal, Managing Director, Arvind SmartSpaces said, "Our financial performance continues to remain strong, driven by strong execution. In Q1, revenue grew 37% YoY to Rs 102 crore, Adj. EBITDA improved 205% YoY to Rs 24.5 crore, and PAT increased 159% YoY to Rs 12 crore. Further, we continue to generate positive operational cash flows and balance sheet remains strong with Net Debt at Rs (50) crore. On the business development front, we are actively evaluating several opportunities and are confident of maintaining a healthy addition run rate, in line with the performance seen over the past couple of years. We are on track to conclude the ongoing business plan of adding new projects with a cumulative topline potential of Rs 5,000 crore across Gujarat, Bengaluru and MMR. We remain positive about the demand scenario we are witnessing in the sector. Relatively lower interest rates, supportive government policies, and rising disposable incomes continue to support homebuyer demand. Over the medium to long term, we believe the sector will witness further consolidation in favour of organised players, driven by stronger execution, rising capital intensity, and improving cash flows. This is an opportunity we are well prepared to capture, backed by our healthy balance sheet, growing brand equity, and disciplined approach to business development. Our strong launch pipeline for the year ahead makes us confident in our ability to deliver strong sales performance this year.” Result PDF
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