Arvind SmartSpaces Q1 FY27 Bookings Surge 147% to ₹432 Cr
Arvind SmartSpaces Ltd. (ASL) announced a record Q1 FY27 performance with a 147% year-on-year surge in bookings to ₹432 Cr. Collections rose 76% to ₹336 Cr, and revenue from operations jumped to ₹318 Cr from ₹102 Cr in the prior year. Adjusted EBITDA and Profit After Tax (PAT) also saw significant increases, reaching ₹152 Cr and ₹97 Cr, respectively. The company entered into two significant joint development agreements during the quarter, one in Mumbai with an estimated revenue potential of ₹2,400 Cr and another in Ahmedabad with a potential of ₹180 Cr. ASL's long-term credit rating was upgraded to AA- (Stable) by India Ratings. The company is optimistic about achieving 35%-40% growth in bookings for FY27.
Key Highlights
- Q1 FY27 bookings surged 147% YoY to ₹432 Cr.
- Revenue from operations increased to ₹318 Cr from ₹102 Cr.
- Two new joint development agreements signed, adding significant revenue potential.
- Credit rating upgraded to AA- (Stable) by India Ratings.
- Company expects 35%-40% booking growth for FY27.
Price Impact
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