Arvind Smartspaces Reports Significant Decline in Q2 FY24 Financial Performance
Arvind Smartspaces, a major Indian real estate company, has reported significant declines in its Q2 FY24 financial results. Net profit fell by 65.16% to ₹141.80 crore, revenue decreased by 45.49% to ₹1,450.00 crore, and EBITDA dropped by 55.25% to ₹295.20 crore compared to Q2 FY23. The EBITDA margin also compressed by 383 basis points to 21.01%. These results indicate substantial contraction in the company's operations and profitability, potentially raising concerns among investors and market analysts about the real estate sector's current challenges.

*this image is generated using AI for illustrative purposes only.
Arvind Smartspaces , a prominent player in the Indian real estate sector, has reported a substantial decline in its financial performance for the second quarter of the fiscal year 2024. The company's consolidated results show a marked decrease across key financial metrics, indicating a challenging period for the real estate developer.
Financial Highlights
| Metric | Q2 FY24 | Q2 FY23 | YoY Change | 
|---|---|---|---|
| Net Profit | ₹141.80 crore | ₹407.00 crore | -65.16% | 
| Revenue | ₹1,450.00 crore | ₹2,660.00 crore | -45.49% | 
| EBITDA | ₹295.20 crore | ₹659.70 crore | -55.25% | 
| EBITDA Margin | 21.01% | 24.84% | -383 bps | 
The company's financial results reveal a significant year-over-year decline:
- Net Profit: Dropped by 65.16% to ₹141.80 crore from ₹407.00 crore in the same quarter last year.
 - Revenue: Decreased by 45.49% to ₹1,450.00 crore compared to ₹2,660.00 crore in Q2 FY23.
 - EBITDA: Fell by 55.25% to ₹295.20 crore from ₹659.70 crore year-over-year.
 - EBITDA Margin: Compressed by 383 basis points to 21.01% from 24.84% in the previous year.
 
These figures indicate a substantial contraction in the company's operations and profitability during the quarter.
Market Implications
The sharp decline in Arvind Smartspaces' financial performance may raise concerns among investors and market analysts. The real estate sector, known for its cyclical nature, appears to be facing headwinds that have significantly impacted the company's revenue generation and profit margins.
Investors and stakeholders will likely be keen to understand the factors contributing to this decline, such as potential market slowdowns, project delays, or increased operational costs. The company's ability to navigate these challenges and its strategies for recovery will be crucial focal points in the coming quarters.
Looking Ahead
While the current results paint a challenging picture, it's important to note that the real estate market can be subject to various external factors and seasonal fluctuations. Stakeholders may look forward to the company's future guidance and any strategic initiatives planned to address the current downturn.
As per the latest corporate announcement, Arvind Limited, the parent company, has scheduled an analyst and investor conference call on November 7, 2025, to discuss its Q2 FY26 results. This upcoming call may provide more context and insights into the group's performance and outlook, which could be relevant for understanding the broader impact on subsidiaries like Arvind Smartspaces.
Historical Stock Returns for Arvind
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years | 
|---|---|---|---|---|---|
| +0.73% | +0.08% | +9.62% | -11.52% | -11.02% | +849.78% | 









































