| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 210.16 | 20.9% |
| Total Income | 215.47 | 20.0% |
| Expenditure | 157.07 | 23.5% |
| PBT | 58.40 | 8.5% |
| Net Profit | 50.19 | 17.8% |
| OPM | 22.24% | 1.79pp |
| NPM | 23.29% | 7.47pp |
| EPS | 10.49 | 17.2% |
Arvind SmartSpaces Ltd. Reports 14% YoY Growth in 9M FY25 Bookings, 208% Increase in PAT
29 Jan 2025 · 29 Jan 2025, 10:15 pm
Summary
Arvind SmartSpaces Ltd. announced its financial results for the quarter and nine months ended Dec 31, 2024. The company's 9M FY25 bookings grew by 14% YoY to Rs. 890 Cr, collections improved by 10% to Rs. 725 Cr, revenue from operations grew by 146% to Rs. 550 Cr, and PAT increased by 208% to Rs. 97 Cr. The company also reported net operating cash flows of Rs. 277 Cr and net debt of Rs. (196) Cr as on Dec 31, 2024. Arvind SmartSpaces entered the Mumbai Metropolitan Region (MMR) with a ~Rs. 1,500 crore horizontal township project and signed an agreement to develop a mega industrial park in Ahmedabad. The company's business development pipeline remains robust with a cumulative topline potential exceeding Rs. 3,850 Cr for the current year to date.
Key Highlights
- 1
9M FY25 Bookings grew 14% YoY to Rs. 890 Cr
- 2
9M FY25 Collections improved 10% YoY to Rs. 725 Cr
- 3
9M FY25 Revenue increased 146% YoY to Rs. 550 Cr
- 4
9M FY25 EBITDA increased 166% YoY to Rs. 152 Cr
- 5
9M FY25 PAT increased 208% YoY to Rs. 97 Cr
- 6
Entered Mumbai Metropolitan Region (MMR) with a ~Rs. 1,500 crore horizontal township project
- 7
Signed an agreement to develop a mega industrial park in Ahmedabad with a top-line potential of ~Rs. 1,350 crore
- 8
Net Operating Cash Flows of Rs. 277 Cr in 9M FY25
- 9
Net Debt remains negative, at Rs. (196) Cr as on Dec 31, 2024
Management Comments
Mr. Kamal Singal
Managing Director and CEO, Arvind SmartSpaces Ltd.
Our 9M performance, has been best ever in terms of bookings and collections. Our operations cycle remains strong with operating cash flows of Rs. 277 Cr during the nine months. Further, the size and scale of P&L is catching up with our operational performance, with PAT of Rs.97 Cr during 9M FY25. Recently, we entered MMR with a “Rs. 1,500 Cr horizontal multi-asset township project, marking a significant milestone in our growth journey. Entering MMR reinforces our strategy of balanced geographic diversification across Gujarat, Karnataka and Maharashtra. We also added a new industrial park project in Anmedabad with a top-line potential of ~Rs. 1,350 Cr. This Joint development project on NH47, Bavla-Bagodara Road is envisaged SMARTSPACES to be one of the largest industrial parks in Gujarat. Our business development pipeline remains robust with a cumulative topline potential exceeding Rs. 3,850 Cr for the current year to date. Demand momentum for branded developers remains robust. Strong growth in collections alongside sales and disciplined project additions has led to an excellent balance sheet for ASL. This positions us well to deepen our market share in our target geographies and create long-term value for all stakeholders.
Informational and educational content only. Not investment advice.