Arvind SmartSpaces Limited — Investor Meet, 26-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Arvind SmartSpaces reported a strong year with sales bookings at Rs. 1,271 crore, up 15% YoY, driven by Bengaluru (37% of bookings) and projects Aquacity and The Park. Q4 bookings rose 18% to Rs. 381 crore. FY25 revenues doubled to Rs. 713 crore, EBITDA surged 130% to Rs. 196 crore, and PAT grew 133% to Rs. 119 crore. Net debt stands low at Rs. 27 crore with operating cash flow of Rs. 337 crore. Plans include Rs. 4,000 crore fresh launches in FY26, mainly Bengaluru (Rs. 2,000 crore), MMR, and Ahmedabad (Rs. 1,000 crore each). Management targets 25–30% bookings growth over 2–3 years, maintains ~25% EBITDA margin, and highlights strong execution, cash collection above 70%, and balanced project mix. Growth funding will be from internal accruals, debt, and equity; Mumbai project launch is on track. The outlook remains confident on sector upcycle driven by premiumization and stable interest rates.