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Arvind SmartSpaces reported a 159% rise in net profit in the first quarter of FY26 compared to the same time last year. Revenue also went up by around 37% year-on-year. However, the company saw a sharp decline in profit and revenue when compared to the previous quarter. Bookings and collections were lower too. Despite this, it maintained strong cash flow and had no net debt. The company plans to launch new projects worth INR 5,000 crore across Gujarat, Bengaluru, and Mumbai Metropolitan Region.
Arvind SmartSpaces reported an impressive rise in profitability in the first quarter of FY26, with consolidated net profit soaring by about 159% year-on year to INR 12 crore. Consolidated total income climbed approximately 37 38% to INR 106.4 crore, driven by higher revenue from operations of around INR 102 crore and increased other income. Adjusted EBITDA surged roughly 205% compared to the prior year, reaching INR 24.5 crore. Advertisement
By contrast, sequentially the company saw a marked reduction in performance. Revenue dropped nearly 38% from the preceding quarter to about INR 102 crore, while net profit tumbled approximately 45% from around INR 22 crore. Operating profit, PBT and EBITDA also declined sharply from Q4 FY25 levels, with margins contracting accordingly.
The company's bookings stood at INR 175 crore, lower than the INR 201 crore recorded last year, and collections were down too, from INR 249 crore to INR 191 crore. Nonetheless, operational cash flow remained positive, generating about INR 27 crore, and the balance sheet strengthened further with net debt turning negative at INR (50) crore as on quarter-end. Net debt-to-equity ratio stood at about (0.08) versus 0.04 previously.
Reflecting on the result, the MD noted that growth had been driven by solid execution: revenue was up 37% year-on-year, adjusted EBITDA jumped 205%, and PAT rose 159%. He mentioned continued healthy cash flows and a net negative debt position. The company is progressing on its business plan to launch new projects with topline potential of around INR 5,000 crore across Gujarat, Bengaluru and the MMR. Confidence in demand remains high, supported by favorable interest rates, government policies and rising disposable incomes. He expects the realty sector to consolidate further in favour of organized players, and Arvind SmartSpaces is well placed to capture the opportunity with its strong balance sheet and disciplined execution.
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