NSEPress Release5d ago · 7 Aug 2026, 01:45 pm
Press Release
Arvind SmartSpaces Limited · ARVSMART
✦ AI Summary▲ PositiveResults
Arvind SmartSpaces Limited has announced its unaudited financial results for Q1 FY27, showing a 147% surge in bookings, 76% increase in collections, and a net operating cash flow of Rs. 81 Cr. The company's long-term credit rating was upgraded to AA-/stable by India Ratings. The company is well-positioned to add Rs 4,000–5,000 crore of new projects and achieve approximately 35%-40% growth in bookings this year.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk5/10
Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
Arvind SmartSpaces Limited has informed the Exchange regarding a press release dated August 07, 2026, titled "Unaudited Financial Results for Q1 FY27".
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7th August, 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 Q1 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 ended on 30th June, 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 Q1 performance
with 147% surge in bookings
Highlights for Q1 FY27 (Comparison on YoY basis)
• Bookings increased 147% to Rs. 432 Cr
• Collections increased 76% to Rs. 336 Cr
• Reported Revenue, Adj. EBITDA & PAT stood at Rs. 318 Cr, Rs. 152 Cr and Rs. 97 Cr
respectively
• Net operating cash flow of Rs. 81 Cr vs Rs. 27 Cr PY
• Credit ratings upgraded to AA-/stable by India Ratings & Research
August 07, 2026 – Financial results for the fir st quarter ended June 30, 2026, have been
announced by Arvind SmartSpaces Limited (AS L), the real estate development arm of the
Lalbhai Group.
Performance Summary – Q1 FY27
• Bookings stood at Rs. 432 Cr, as compared to Rs. 175 Cr in the corresponding period
previous year
• Collections amounted to Rs. 336 Cr, as against Rs. 191 Cr in previous year
• Revenue from operations stood at Rs. 318 Cr, vs. Rs. 102 Cr in previous year
• Adjusted EBITDA for the quarter stood at Rs. 152 Cr, vs. to Rs. 25 Cr in previous year
• Profit After Tax (PAT) for the quarter stood at Rs. 97 Cr, vs. Rs. 12 Cr in previous year
• Net Debt (interest-bearing funds) to Equity ratio stood at 0.29x as on June 30, 2026,
compared to 0.26x as on March 31, 2026
Business Development Highlights
• In April 2026, the Company entered into a joint development agreement for a high-rise
residential project in Goregaon, Mumbai, with an estimated revenue potential of
approximately ₹2,400 crore and a saleable carpet area of around 0.67 million sq.ft.
• In June 2026, the Company added a residential horizontal development project in
Metal, South Ahmedabad, under a joint development model, with an estimated topline
potential of approximately ₹180 crore and a saleable area of around 2.5 million square
feet.
Other Highlights
• During the quarter, the Company’s long-term credit rating was upgraded to AA-
(Stable) by India Ratings from earlier “A+”. This upgrade reflects the Company’s
disciplined approach to growth and is expected to enhance financial flexibility to
support future expansion.
Outlook for FY27
• The company is well positioned to add Rs 4,000–5,000 crore of new projects and
achieve approximately 35%-40% growth in bookings this year.
Commenting on Q1 FY27 performance, Mr. Priyansh Kapoor, Managing Director &
CEO, Arvind Smartspaces Ltd. said "We delivered another quarter of strong financial
performance on the back of robust sustenance sales and healthy collections, duly backed by
disciplined execution across our projects.
On the business development front, this quarter has been our highest ever quarter with 2 (two)
business development deals, one redevelopment deal in Mumbai & one horizontal residential
development in south Ahmedabad. These additions are aligned with our strategy of
strengthening our presence in focus markets while maintaining disciplined capital allocation.
The structural growth drivers for the residential real estate sector remain firmly in place, and
we believe organized developers will continue to gain market share, backed by a strong
balance sheet, a healthy launch pipeline and a disciplined capital allocation framework.
Overall, we remain confident in both the long-term opportunity before us and in our ability to
participate in that opportunity in a disciplined and sustainable manner. We believe our focused
market strategy, partnership-led business model and unwavering commitment to governance
& execution position us well to continue creating long-term value for all our 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 ~100.1 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. Amit Chamaria, Mr. Satya Prakash Mishra,
Chief Financial officer Group Head Investor Relations
E:amit.chamaria@arvind.in,M: +91 9620011414 E: satyaprakash.mishra@arvind.in, M: +91 7036228882