NSEPress Release4d ago · 5 Nov 2026, 04:59 pm
Press Release
Arvind SmartSpaces Limited · ARVSMART
✦ AI Summary▲ PositiveResults
Arvind SmartSpaces Limited has announced its unaudited financial results for Q2 & H1 FY27, with a 110% surge in bookings to ₹ 906 Cr and a 77% increase in collections to ₹ 418 Cr.
Analysis Scores
Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment9/10
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Full Announcement
Arvind SmartSpaces Limited has informed the Exchange regarding a press release dated November 05, 2026, titled "Arvind SmartSpaces Limited has informed the Exchange regarding Media Release ‐ Unaudited Financial Results for Q2 & H1 FY27.".
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5th November, 2026
BSE Limited Na(cid:415)onal Stock Exchange of India Ltd.
Lis(cid:415)ng Dept. / Dept. of Corporate Services, Lis(cid:415)ng Dept., Exchange Plaza, 5th Floor,
Phiroze Jeejeebhoy Towers, Plot No. C/1, G. Block, Bandra-Kurla Complex,
Dalal Street, Mumbai - 400 001. Bandra (E), Mumbai - 400 051.
Security Code : 539301 Symbol : ARVSMART
Security ID : ARVSMART
Dear Sir / Madam,
Sub: Media Release - Unaudited Financial Results for Q2 & H1 FY27.
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“SEBI LODR Regulations”), we are submitting herewith a copy of Media
Release being issued by the Company in respect of the Unaudited Financial Results of the
Company for the quarter and half year ended on 30th September, 2026.
The copy of Media Release will also be available on the website of the Company at
https://www.arvindsmartspaces.com/investors/financial-reports/.
Please take the same on your record.
Thanking you,
Yours faithfully,
For Arvind SmartSpaces Limited
Prakash Makwana
Company Secretary
Encl.: As above
PRESS RELEASE
Arvind SmartSpaces delivers record Q2 performance
with 110% surge in bookings
Highlights for Q2 FY27 (Comparison on YoY basis)
• Bookings increased 110% to ₹ 906 Cr
• Collections increased 77% to ₹ 418 Cr
• Net Operating Cash Flows increased 88% QoQ and 22% YoY to ₹ 152 Cr in Q2 FY27
• Reported Revenue, Adj. EBITDA & PAT stood at ₹ 157 Cr, ₹ 45 Cr and ₹ 23 Cr respectively
November 05, 2026 – Financial results for the quarter and half year ended September 30,
2026, have been announced by Arvind SmartSpaces Limited (ASL), the real estate
development arm of the Lalbhai Group.
Performance Summary – Q2 FY27
• Bookings stood at ₹ 906 Cr, as compared to ₹ 432 Cr in previous year, driven by both
new launches & strong sustenance sale
• Collections amounted to ₹ 418 Cr, as against ₹ 236 Cr in previous year
• Revenue from operations stood at ₹ 157 Cr, vs. ₹ 141 Cr in previous year
• Adjusted EBITDA for the quarter stood at ₹ 45 Cr, vs. to ₹ 31 Cr in previous year
• Profit After Tax (PAT) for the quarter stood at ₹ 23 Cr, vs. ₹ 18 Cr in previous year
• Net Debt (interest-bearing funds) to Equity ratio stood at 0.26x as on September 30,
2026, compared to 0.29x as on June 30, 2026
• Launched Arvind Sylva, ASL’s largest vertical project launched till date, located at
Sarjapur Road, Bengaluru in August 2026. Achieved sales bookings of ₹ 500 crore
representing ~60% of total inventory within 30 days of its launch
• Launched Arvind Iconia in Vastrapur, Ahmedabad towards the end of the quarter.
Achieved sales bookings of ₹ 81 crore representing ~21% of total inventory
During H1 FY27, bookings stood at ₹ 1338 crore, registering 120% YoY growth, while
collections increased by 77% to ₹ 754 crore.
Business Development Highlights
• In September 2026, the Company entered into a joint development agreement for a
residential high-rise project in Sarjapur Road, Bengaluru, with an estimated revenue
potential of approximately ₹470 crore and a saleable area of around 3.60 lakh sq.ft.
• This acquisition, together with last quarter’s additions, takes the Company’s FY27 new
business development to a total top-line potential of approximately ₹ 3,100 crore.
Commenting on Q2 & H1 FY27 performance, Mr. Priyansh Kapoor, Managing Director &
CEO, Arvind SmartSpaces Ltd. said "We are pleased to report our highest-ever quarterly and
half yearly bookings as well as collections during the quarter, this achievement is driven by
successful launches, strong sustenance engine and disciplined execution across our projects.
We have also made strong progress on business development front, adding projects having
gross development value of ₹ 3,100 crore in half year ended on September 2026.
Looking ahead, we remain positive about the opportunities in our focus geographies. Our
priority will be to convert our strong pipeline into launches and deliveries, while staying
prudent on capital and uncompromising on governance. We are committed to creating
enduring value for our customers, employees, shareholders and all stakeholders.”
About Arvind SmartSpaces:
Built on ~128+ years legacy of the Lalbhai Group, and established in year 2008, Arvind SmartSpaces is
India’s leading real estate development Company headquartered in Ahmedabad. With ~100.4 million
square feet of real estate development across the country, the company is focused on delivering real
estate solutions that add value to the lives of its customers and is fast emerging as a leading corporate
real estate player in the country. The company has real estate developments across Ahmedabad,
Gandhinagar, Baroda, Bengaluru, MMR and Pune. Backed by the strong brand name of Arvind group
and the credibility achieved through already delivered projects, the company has plans to continue
the strong growth momentum and deliver value to all stakeholders For details, please visit
www.arvindsmartspaces.com
For further information, please contact:
Mr. Satya Prakash Mishra, Mr. Neeraj Kumar,
Group Head Investor Relations AGM - Investor Relations
E: satyaprakash.mishra@arvind.in, E: neeraj.kumar02@arvind.in,
M: +91 7036228882 M: +91 9099991362