New Delhi, February 11 Arvind SmartSpaces Ltd, a real estate firm, has reported a 42% decline in consolidated net profit, at Rs 29.21 crore, for the latest quarter ended December.
Its net profit stood at Rs 50.18 crore in the previous year.
Total income fell to Rs 170.50 crore in the third quarter of this fiscal year from Rs 215.47 crore in the previous year, according to a regulatory filing on Tuesday.
Sales bookings increased to Rs 331 crore in the October-December period of this fiscal year from Rs 224 crore in the previous year.
The company also announced that Priyansh Kapoor, a whole-time director and CEO, has been redesignated as Managing Director and CEO.
Kamal Singal has stepped down as Managing Director and CEO, effective February 10, 2026.
Singal will continue to serve as a whole-time director (Director – Strategy & Investments). In this role, he will act as a mentor to the leadership team, providing strategic guidance and leadership perspective to the company's future business direction.
Established in 2008, Ahmedabad-based Arvind SmartSpaces is one of the leading real estate developers in the country.
