Arvind SmartSpaces Targets 30% Jump in Bookings in FY25
The company is expecting a growth of 20-30% in bookings during 2024-25, driven by new project launches worth ₹2,000-2,500 crore.
Arvind SmartspacesReal EstateFy25BookingsProject LaunchesReal EstateJul 01, 2024
The company has been witnessing a growth of around 30-35% in all operating and financial parameters, and they hope to continue this trend in the coming year. In FY24, they saw a strong growth in bookings, crossing the ₹1,000 crore mark, and they are expecting a similar positivity in FY25.
Arvind SmartSpaces has a strong launch pipeline of around ₹4,000-4,500 crore worth of top-line projects, including all phases of larger projects. They are expecting to launch around ₹2,000-2,500 crore worth of projects in the next two to three quarters.
The company's unrecognized revenue has increased significantly, and they are hoping to see a 30-40% growth in booking values in FY25. They are also expecting to see a strong growth in collections, which is a key indicator of the balance sheet's strength.
Arvind SmartSpaces has a strong investment pipeline, and they are planning to expand their operations in Surat and Bengaluru. They have a debt-free balance sheet, and they are expecting to generate significant free cash flows, which will be used to invest in new projects.
The company is focusing on its existing markets of Ahmedabad and Bengaluru, and they are expecting these markets to continue to show strong growth in the next two to three years. They are also expanding their operations in MMR (Mumbai and Pune) and Surat.
In terms of project types, Arvind SmartSpaces is seeing a trend towards horizontal projects, particularly in Bengaluru. They are expecting to see a balanced portfolio of vertical and horizontal projects in the coming years.
The company's margin picture is strong, with horizontals being more profitable and generating better cash flows. They are expecting to maintain their EBITDA levels of 25% plus in the coming years.
Overall, Arvind SmartSpaces is expecting a strong growth in FY25, driven by its new project launches and expansion plans. The company's strong balance sheet and investment pipeline position it well for future growth.
Frequently Asked Questions
What is Arvind SmartSpaces' target for bookings in FY25?
The company is targeting a growth of 20-30% in bookings during FY25.
What is driving the growth in bookings for Arvind SmartSpaces?
The growth is driven by new project launches worth ₹2,000-2,500 crore.
What is the current launch pipeline for Arvind SmartSpaces?
The company has a strong launch pipeline of around ₹4,000-4,500 crore worth of top-line projects.
What is the company's focus in terms of geography?
Arvind SmartSpaces is focusing on its existing markets of Ahmedabad and Bengaluru, and expanding its operations in MMR (Mumbai and Pune) and Surat.
What is the company's margin picture like?
The company's margin picture is strong, with horizontals being more profitable and generating better cash flows.
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