Realty stock engaged in developing real estate comprising residential, commercial, and industrial projects in focus upon declaring robust Q2FY25 results with a 824 percent jump in Net Profits.
Price Action
With a market capitalization of Rs. 3,544 Crores, the shares of Arvind Smartspaces Limited were trading at Rs. 778 per equity share, down 4.65 percent from its previous day’s close price of Rs. 815.75.
Q2FY25 Results
Its Revenue from operations grew by 266 percent YoY from Rs. 72.66 Crores in Q2FY24 to Rs. 265.58 Crores in Q2FY25 and it grew by 257 percent QoQ from Rs. 74.47 Crores in Q1FY25 to Rs. 265.58 Crores in Q2FY25.
Its Net Profit grew by 293 percent YoY from Rs. 10.83 Crores in Q2FY24 to Rs. 42.6 Crores in Q2FY25 and it grew by 824 percent QoQ from Rs. 4.61 Crores in Q1FY25 to Rs. 42.6 Crores in Q2FY25. Its Net Profit Margin increased from 14.38 percent in Q2FY24 to 15.82 percent in Q2FY25.
Recent Updates
It achieved the Highest Ever Half Yearly Bookings Value of Rs. 666 Crores a YoY growth of 32 percent and the Highest Ever Quarterly Bookings Value of Rs. 464 Crores a YoY growth of 26 percent crossing Rs. 400 crores quarterly.
Recently it acquired a new high-rise project in ITPL Road, Bengaluru with a top-line potential of ~Rs. 600 Crores. The project is spread across 2.9 acres and has a saleable area of 4.2 lakh sq. ft.
About the Company
Arvind SmartSpaces Limited is engaged in developing real estate comprising residential, commercial, and industrial projects. The Company’s operating business segment develops commercial and residential units. It is primarily in the residential segment of Ahmedabad, Pune, and Bengaluru.
Written by: Bharath K.S
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