Ahmedabad, January 29, 2025 – Arvind SmartSpaces Limited (ASL), a leading real estate development company, has posted strong financial results for Q3 FY25, reporting record revenue growth of 149% year-over-year (YoY), alongside a 331% increase in net profit.
Key Financial Highlights (Q3 FY25 vs Q3 FY24)
- Revenue from Operations: ₹210 crore, up from ₹84 crore (+149%)
- EBITDA: ₹60 crore, up from ₹21 crore (+188%)
- Profit After Tax (PAT): ₹50 crore, up from ₹12 crore (+331%)
- Bookings: ₹224 crore, compared to ₹280 crore in Q3 FY24
- Collections: ₹229 crore, up from ₹194 crore (+18%)
- Net Debt Position: Remains negative at ₹(196) crore
Nine-Month Performance (9M FY25 vs 9M FY24)
- Revenue: ₹550 crore, up from ₹224 crore (+146%)
- EBITDA: ₹152 crore, up from ₹57 crore (+166%)
- PAT: ₹97 crore, up from ₹32 crore (+208%)
- Bookings: ₹890 crore, up from ₹784 crore (+14%)
- Collections: ₹725 crore, up from ₹661 crore (+10%)
- Operating Cash Flows: ₹277 crore
Strategic Expansion & Business Development
- Mumbai Metropolitan Region (MMR) Entry: Signed a ₹1,500 crore township project spanning 92 acresnear Khopoli under the joint development model (70.5% revenue share).
- Ahmedabad Industrial Park: Signed an agreement to develop a 440-acre mega industrial park, with a top-line potential of ₹1,350 crore, making it one of the largest industrial parks in Gujarat.
- Total Business Development Pipeline: ₹3,850 crore in new projects signed in 9M FY25.
Management Commentary
Managing Director & CEO Kamal Singal stated, “Our 9M performance has been the best ever in terms of bookings and collections. The strong operational cycle and robust balance sheet place ASL in a prime position to scale operations further. Our foray into Mumbai marks a major milestone, expanding our geographic reach beyond Gujarat and Karnataka.”Outlook & Future Strategy
- Geographic Diversification: ASL is focusing on expanding across Maharashtra, Gujarat, and Karnataka to balance risk and maximize opportunities.
- Sustained Demand for Branded Developers: The company is well-positioned to capture the growing demand for high-quality residential and industrial projects.
- Financial Strength: With zero net debt and strong cash flows, ASL remains in a solid position to execute its ambitious growth plans.