Arvind SmartSpaces Limited — Updates, 29-01-2025: Press Release

Bookings for Arvind SmartSpaces (ASL) in 9M FY25 rose by 14% YoY to ₹890 Cr, with collections improving by 10% to ₹725 Cr. The company's revenue surged by 146% YoY to ₹550 Cr, while adjusted EBITDA grew by 166% to ₹152 Cr. Profit After Tax (PAT) increased significantly by 208% to ₹97 Cr. In Q3 FY25, bookings amounted to ₹224 Cr, collections up 18% at ₹229 Cr, and revenue soared 149% YoY at ₹210 Cr. Notably, the company's net debt remained negative at ₹(196) Cr, reflecting a healthy balance sheet.

ASL has made significant strides with the announcement of a ₹1,500 Cr horizontal township project in the Mumbai Metropolitan Region and a joint development agreement for a mega industrial park in Ahmedabad, expected to generate approximately ₹1,350 Cr in revenue. The company also indicated a strong performance in operational cash flows, positioning it favorably to capture growing market opportunities across key regions in India. The overall investor sentiment appears positive, supported by a robust business development pipeline exceeding ₹3,850 Cr this fiscal year, suggesting potential growth.