Arvind SmartSpaces Limited — PPTs, 03-11-2025: Investor Presentation

**Business Performance:**

Arvind SmartSpaces delivered robust operational performance with Q2 bookings surging 147% QoQ to ₹432 Cr, largely driven by the successful launch of Arvind Everland, which achieved ₹400 Cr in sales. Half-year bookings reached ₹607 Cr, and collections were strong at ₹236 Cr for Q2 (up 23% QoQ) and ₹427 Cr for H1. Operating Cash Flow (OCF) for Q2 was ₹125 Cr, a 368% QoQ increase. While Q2 and H1 revenue and profit saw YoY declines, the company's unrecognized revenue stands strong at ₹3,124 Cr.

**Growth Drivers or Strategy:**

The company maintains an asset-light model, focusing on rapid project turnaround and a balanced risk profile with net cash (Net Debt to Equity at -0.05). Strategic pillars include innovation in project design and a customer-centric approach. They aim for significant growth by leveraging their HDFC partnership and balance sheet headroom.

**Recent Developments:**

Arvind SmartSpaces recently entered Baroda with a ~₹700 Cr horizontal township project under a joint development model. The BD pipeline remains robust, targeting new projects across Gujarat, Bengaluru, and MMR.

**Key Financial Metrics:**

Q2 FY26 Bookings: ₹432 Cr (+147% QoQ). Q2 FY26 OCF: ₹125 Cr (+368% QoQ). H1 FY26 Bookings: ₹607 Cr. Unrecognized Revenue: ₹3,124 Cr.

**Management Commentary / Outlook:**

Management is focused on residential development, aiming to be a top-ten real estate player through judicious geographical expansion in existing markets like Ahmedabad and Bangalore, and new ones like Pune and MMR. They plan to acquire 6-7 projects with a cumulative topline potential of ₹4,000-5,000 Cr in the next 12 months, emphasizing sustainable and profitable growth.