Arvind SmartSpaces , a leading real estate developer, has reported robust financial results for the first quarter of the fiscal year, along with significant leadership changes and ambitious growth plans.

Financial Highlights

The company reported impressive year-on-year growth across key financial metrics:

Leadership Changes

In a strategic move aimed at driving the company's next phase of growth, Arvind SmartSpaces has appointed Priyansh Kapoor as CEO and Whole-Time Director. Kamal Singal will continue as Managing Director, ensuring continuity and strategic oversight.

Operational Performance

• Bookings stood at ₹175.00 crore for the quarter
• Collections reached ₹191.00 crore
• The company maintains a net cash position of ₹50.00 crore

Future Outlook

Arvind SmartSpaces has set ambitious targets for growth and expansion:

• Targeting 30-35% growth in the coming year
• Planning launches worth ₹3,000.00-4,000.00 crore across five projects in key locations
• Expecting unrealized operating cash flow exceeding ₹4,000.00 crore from the current pipeline
• Aiming to add new projects with a cumulative topline potential of ₹5,000.00 crore across Ahmedabad, Bengaluru, and Mumbai Metropolitan Region (MMR)

Investment Allocation

The company has outlined its investment strategy across key markets:

• 40% allocation for Bangalore
• 40% allocation for Ahmedabad
• 20% allocation for MMR

Upcoming Projects

Arvind SmartSpaces has a strong pipeline of projects scheduled for launch in the current fiscal year, including:

1. Bannerghatta Road, Bangalore
2. ITPL Whitefield, Bangalore
3. Orchard Phase 2
4. Industrial Park
5. Mankol
6. Potential projects in Surat and MMR

The company is confident in its ability to launch at least five projects this year, with a combined value of ₹3,000.00-4,000.00 crore.

Market Expansion

With the appointment of Priyansh Kapoor, who brings extensive experience in the MMR market, Arvind SmartSpaces is poised to accelerate its growth in this key region. The company is taking a measured approach to entering new markets, balancing aggressive growth with financial prudence.

Challenges and Focus Areas

As the company scales up, management has identified key areas of focus:

1. Execution: Ensuring timely and quality delivery of projects as the company grows
2. Profitable Project Acquisition: Continuing to find and secure projects that meet the company's profitability criteria
3. Successful Entry into MMR: Establishing a strong presence in the Mumbai market

Arvind SmartSpaces remains committed to its asset-light development model and disciplined capital allocation strategy as it pursues ambitious growth targets. With a strong leadership team in place and a robust project pipeline, the company is well-positioned to capitalize on the opportunities in India's dynamic real estate market.

Arvind SmartSpaces , a leading real estate development company, has reported impressive financial results for the first quarter, showcasing robust growth across key metrics.

Revenue Surge

The company's revenue witnessed a substantial increase, rising to ₹1.02 billion from ₹745.00 million in the same quarter of the previous year, marking a notable 37% year-over-year growth.

Profit Boost

Arvind SmartSpaces' consolidated net profit saw a remarkable surge, quadrupling to ₹112.00 million compared to ₹29.00 million in the corresponding period last year. This significant increase in profitability underscores the company's effective strategies and strong market position.

Operational Efficiency

The company's operational performance showed considerable improvement:

• EBITDA: More than doubled to ₹215.00 million from ₹92.00 million year-over-year.
• EBITDA Margin: Expanded significantly to 21.10% from 12.32%, reflecting enhanced operational efficiency.

The substantial growth in revenue, coupled with the significant expansion in EBITDA and net profit, indicates Arvind SmartSpaces' strong performance in the real estate sector. The company's ability to improve its EBITDA margin by nearly 9 percentage points suggests successful cost management and operational optimization strategies.

These results demonstrate Arvind SmartSpaces' resilience and adaptability in the dynamic real estate market, positioning the company for continued growth and success in the coming quarters.