Arvind SmartSpaces , a prominent player in the Indian real estate sector, has reported significant growth in bookings and new project launches for the quarter ended September 30, 2025.

Key Financial Highlights for Q2 FY26

The company's bookings saw a substantial increase of 147% quarter-on-quarter, reaching ₹432.00 crores in Q2 FY26. Collections also improved, standing at ₹236.00 crores, up 23% QoQ.

Half-Year Performance

For the half year ended September 30, 2025:

• Bookings reached ₹607.00 crores
• Collections totaled ₹427.00 crores
• Revenue from operations was ₹242.00 crores

Financial Position

Arvind SmartSpaces maintains a negative net debt position of ₹(32.00) crores as of September 30, 2025, indicating a strong financial standing.

New Project Launches and Expansions

Arvind Everland at Mankol, Sanand

• Achieved sales bookings of 954 units
• Worth ₹400.00 crores during the quarter
• Represents 82% of launched inventory

Vadodara Entry

• Launched a ₹700.00 crore horizontal township project
• Spread over 98 acres
• Joint development model with 68% revenue share

Market Implications

The significant growth in bookings and successful project launches suggest a strong performance by Arvind SmartSpaces. This positive performance in Q2 FY26 indicates the company's expansion strategy is yielding results.

Looking Ahead

As Arvind SmartSpaces continues to expand its project portfolio and enter new markets, stakeholders will be watching closely for sustained growth in bookings and collections. The company's ability to maintain its strong financial position while pursuing expansion will be crucial for its long-term success in the competitive real estate market.

The real estate sector's overall health and any regulatory changes will continue to play a significant role in shaping Arvind SmartSpaces' performance in the coming quarters.

Arvind SmartSpaces Limited , a prominent player in India's real estate sector, has unveiled significant leadership changes alongside its financial results for the second quarter of fiscal year 2026. The company's board has approved a series of strategic appointments and transitions, signaling a new phase in its corporate governance structure.

Leadership Transition

In a move aimed at ensuring leadership continuity and sustained organizational growth, Arvind SmartSpaces has announced key changes to its board composition:

• Sanjay S. Lalbhai has stepped down from his position as Chairman and Non-Executive Director, effective November 3, 2025.
• Kulin S. Lalbhai, previously serving as Vice-Chairman, has been elevated to the role of Chairman of the Board and the Company.
• Prashant Das has been appointed as an Additional Director in the capacity of Independent Director for a five-year term, subject to shareholder approval.
• Punit S. Lalbhai joins the board as an Additional Director in the capacity of Non-Executive Director, pending member approval.
• Amit Chamaria has been named as the new Chief Financial Officer of the company.

Commenting on the transition, outgoing Chairman Sanjay Lalbhai stated, "It has been an honor to serve on the Board of Arvind SmartSpaces and witness its journey from inception to becoming a trusted real estate brand. As part of the company's succession planning process and with a view to ensuring continuity in leadership, I have decided to step down from the position of Chairman and Non-Executive Director of the company."

Financial Performance

For the quarter ended September 30, 2025, Arvind SmartSpaces reported the following consolidated financial results:

On a standalone basis, the company reported a net loss of ₹378.45 crore for Q2 FY2026, compared to a net loss of ₹42.53 crore in the same quarter of the previous fiscal year.

Future Outlook

Newly appointed Chairman Kulin Lalbhai expressed optimism about the company's future, stating, "As we enter a new phase of growth, I look forward to working with Mr. Kamal Singal, Mr. Priyansh Kapoor, and the entire team to build on this strong foundation and drive the company forward with purpose and ambition."

The leadership transition and financial results come at a time when the real estate sector in India is navigating through various macroeconomic challenges. Arvind SmartSpaces' strategic changes in management structure may be seen as a proactive step to strengthen its position in the market and adapt to evolving industry dynamics.

Investors and industry observers will be keenly watching how these leadership changes and the company's financial performance will shape its future strategies and market position in the competitive real estate landscape.