Arvind SmartSpaces Limited — PPTs, 20-05-2025: Investor Presentation

1. Financial Highlights:

Arvind SmartSpaces booked a record ₹1,271 Cr for the year, up 15% YoY, driven mainly by Arvind Aquacity and The Park (~₹855 Cr). Q4 bookings rose 18% YoY to ₹381 Cr, with Bengaluru contributing ₹474 Cr (37% of annual bookings). Collections hit a high of ₹942 Cr, up 7%, while Q4 collections held steady at ₹215 Cr. Revenue doubled to ₹713 Cr, adjusted EBITDA jumped 130% to ₹196.2 Cr, and PAT grew 133% to ₹119 Cr, showing strong operational leverage. Operating cash flow was ₹337 Cr. Net interest-bearing funds improved to ₹27 Cr from negative ₹196 Cr, with net debt-to-equity at 0.04.

2. Strategic Initiatives & Growth Drivers:

The company entered Mumbai MMR with a ₹1,500 Cr township over 92 acres and added projects across Ahmedabad, Bengaluru, and MMR totaling ~₹4,450 Cr topline potential. Capex targets industrial parks (₹1,350 Cr) and high-rise residential (~₹600 Cr). Focus remains on an asset-light model, rapid project cycles, and tech-driven sales and construction efficiencies.

3. Business Developments:

In FY25, Arvind SmartSpaces acquired land for a ₹600 Cr high-rise in Bengaluru ITPL Road and ₹600 Cr plotted developments in Sanand, Ahmedabad. The portfolio includes 35.9 msf ongoing and 64.1 msf planned projects, emphasizing both horizontal and vertical residential formats. A final dividend of ₹6/share was declared.

4. Market Position & Competitive Advantage:

Leveraging the Lalbhai Group’s 120-year legacy, the company has established a stronghold in Ahmedabad, Bengaluru, Pune, and now Mumbai. Its asset-light, lean operations enable efficient capital use. Differentiators include innovative product designs like golf-course townships, sports-themed homes, and a high on-time delivery record, catering well to mid-market and luxury buyers.

5. Investor Implications:

Strong bookings, collections, and a healthier balance sheet signal positive growth potential. New township and industrial projects in emerging markets offer expansion upside. Investors should watch execution risks in scaling operations while appreciating prudent leverage and consistent cash flow supporting sustainable growth.