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.
Related News Articles
Flawed Policy: Bombay High Court Slams Maharashtra's Slum Rehabilitation Scheme
The Bombay High Court has criticized Maharashtra's slum policy, stating that it grants free tenements to encroachers, ignoring the plight of legitimate slum dwellers.
Gautam Adani's Succession Plan: Handing Over the Empire to Family by 2030s
Adani plans to step down at 70, transferring control to his sons and cousins. His succession plan prioritizes a united family leadership.
Revolutionizing the US Rental Market: Ankit Lodha's LA Empire
India's real estate sector sees a surge in investment, while Ankit Lodha's LA Empire aims to transform the US rental market with innovative solutions.
India Accelerator Expands into Pune, Boosting Innovation with New Coworking Space
Pune, 13th November 2024: India Accelerator, a leading tech hub and incubator, is expanding its operations into Pune with the launch of a state-of-the-art coworking space. This strategic move aims to foster innovation, support startups, and accelerate tec
REA Group Appoints Vikas Wadhawan as COO of REA Cyber City
NEW DELHI, Jan 15: Australian real estate technology company REA Group has announced the appointment of Vikas Wadhawan as the Chief Operating Officer (COO) of REA Cyber City. Wadhawan will be responsible for overseeing the operations and driving growth fo
Real Estate Sector Witnesses Positive Growth in BSE Realty Index
Real estate stocks were on the rise, with the BSE Realty index gaining 187.73 points or 2.72% to reach 7079.45 at 09:47 IST.