Arvind Smartspaces Ltd
NSE:ARVSMART
Arvind Smartspaces Ltd
Arvind SmartSpaces Ltd. engages in the provision of real estate development services. The company is headquartered in Ahmedabad, Gujarat and currently employs 245 full-time employees. The company went IPO on 2015-08-26. The firm's operating business segment develops commercial and residential units. The firm is primarily in the residential segment of the Ahmedabad and Bengaluru region. The firm's projects in Ahmedabad include Alcove, Parishkaar & Tradesquare, Megatrade, Uplands, Beyond Five, Citadel, and Megaestate. The firm's projects in Bengaluru include Expansia and Sporcia. The firm's subsidiaries include Arvind Hebbal Homes Private Limited, Arvind Alcove LLP, Changodar Industrial Infrastructure (One) LLP, Arvind Altura LLP, Arvind Beyond Five Club LLP, Arvind Infracon LLP, and Ahmedabad Industrial Infrastructure (One) LLP.
Arvind SmartSpaces Ltd. engages in the provision of real estate development services. The company is headquartered in Ahmedabad, Gujarat and currently employs 245 full-time employees. The company went IPO on 2015-08-26. The firm's operating business segment develops commercial and residential units. The firm is primarily in the residential segment of the Ahmedabad and Bengaluru region. The firm's projects in Ahmedabad include Alcove, Parishkaar & Tradesquare, Megatrade, Uplands, Beyond Five, Citadel, and Megaestate. The firm's projects in Bengaluru include Expansia and Sporcia. The firm's subsidiaries include Arvind Hebbal Homes Private Limited, Arvind Alcove LLP, Changodar Industrial Infrastructure (One) LLP, Arvind Altura LLP, Arvind Beyond Five Club LLP, Arvind Infracon LLP, and Ahmedabad Industrial Infrastructure (One) LLP.
Record Collections: Arvind SmartSpaces reported its highest-ever 9-month collections at INR 744 crores, up 2% year-on-year, and Q3 collections at INR 317 crores, up 38% YoY.
Strong Bookings: 9-month bookings reached INR 938 crores, up 5% year-on-year, with Q3 bookings at INR 331 crores, a 48% YoY increase.
Financial Decline: Despite strong bookings and collections, 9-month revenue, EBITDA, and PAT fell to INR 409 crores, INR 100 crores, and INR 59 crores respectively, all down from last year.
Leadership Transition: Kamal Singal stepped down as Managing Director and Priyansh Kapoor has taken over the role.
Business Development Pipeline: The new business development (BD) pipeline reached a GDV of INR 2,510 crores, with robust expansion plans across core markets.
Launch Delays: Some project launches were delayed due to regulatory approvals, especially in Bangalore, reducing Q4 launch expectations to INR 1,500 crores from earlier higher targets.
Maintained Sales Guidance: The company maintained its FY '26 presales guidance of INR 1,600–1,700 crores and expects to deliver 25–30% annual presales growth in future years.
Cash Flow Focus: Operating cash flows for Q3 were at a record INR 169 crores (up 128% YoY); management emphasized prioritizing cash flow and velocity over land banking.
