Arvind SmartSpaces Ltd Sees Impressive Growth with 49% YoY Increase in Bookings
Arvind SmartSpaces Limited announces its Q1 FY25 financial results, boasting a 49% YoY growth in bookings and a 21% increase in collections.
Real EstateArvind SmartspacesFinanceQ1 Fy25BookingsCollectionsReal Estate MaharashtraJul 30, 2024
The company's revenue from operations has grown by 11% YoY, standing at Rs. 75 Cr, up from Rs. 67 Cr last year. Adjusted EBITDA stood at Rs. 8 Cr, down from Rs. 16 Cr last year, while PAT amounted to Rs. 5 Cr, down from Rs. 9 Cr last year.
The company has also reported a significant decrease in net debt, which now stands at Rs. (58) Cr as of June 30, 2024, compared to Rs. (41) Cr as of March 31, 2024. The net debt to equity ratio has improved to (0.12) as of June 30, 2024, from (0.08) as of March 31, 2024.
Arvind SmartSpaces has also seen significant growth in its new business development, with a cumulative topline potential of ~Rs 410 Cr in Q1 FY25. The company has also announced plans to develop the remainder phase of Forest Trails Sarjapur, Bengaluru, as a high-rise project, comprising a saleable area of 3.2 lakh sq ft, which is expected to add ~Rs 205 Cr to the top line. Additionally, the company has acquired an additional 42 acres at Uplands 2.0 & 3.0, which will add Rs. 205 Cr to the top line.
Commenting on the Q1 FY25 performance, Kamal Singal, Managing Director and CEO, Arvind SmartSpaces, said, \
Frequently Asked Questions
What is the YoY growth in bookings reported by Arvind SmartSpaces Ltd?
49% YoY growth in bookings
What is the increase in collections reported by Arvind SmartSpaces Ltd?
21% YoY increase in collections
What is the cumulative topline potential of Arvind SmartSpaces Ltd in Q1 FY25?
~Rs 410 Cr
What is the saleable area of the high-rise project at Forest Trails Sarjapur, Bengaluru?
3.2 lakh sq ft
What is the net debt to equity ratio of Arvind SmartSpaces Ltd as of June 30, 2024?
(0.12)
Related News Articles
Bollywood Director Sajid Khan Sells Luxury Juhu Apartment for Rs 6.1 Crore
Juhu's upscale lifestyle and prime real estate make it a highly desirable address for celebrities and professionals alike.
BJP's Haryana Victory to Boost Maharashtra Elections: Shiv Sena
Mumbai: The BJP’s victory in Haryana is expected to positively influence the upcoming Maharashtra assembly elections, according to Shiv Sena minister Shambhuraj Desai. The Mahayuti alliance is confident of a win and has completed the groundwork for the po
Mumbai Real Estate Sector Applauds RBI's 6.5% Repo Rate, Eyes Festive Sales Boost
Prashant Sharma, President of NAREDCO Maharashtra, believes the RBI's decision to maintain the repo rate at 6.5% is crucial for the real estate sector, signaling stability in the interest rate environment and supporting housing demand during the festive s
Rajveer Arora: From Orphaned Child to Building India's Next Nightlife and Real Estate Empire
While Rajveer Arora's successes in real estate and hospitality are impressive, his ambitions have only grown. In addition to his recent announcement to expand his empire, he is set to revolutionize the Indian nightlife scene. His journey from being an orp
Is Mumbai's Real Estate Boom on Hold? What the Recent Decline in New Projects Means for Buyers
In the bustling Mumbai Metropolitan Region (MMR), the real estate market has always been a key driver for housing growth. However, the latest quarter has seen a noticeable dip in new projects, raising questions about the future of the market.
How to Download Maharashtra TET 2024 Hall Ticket: Step-by-Step Guide
The Maharashtra Teacher Eligibility Test (Maha TET) Hall Ticket 2024 is anticipated to be released on October 29, 2024, on the official website. This guide provides a step-by-step process to help you download your admit card seamlessly.