A 103% jump in net profit sends Arvind Smartspaces shares flying by over 8% today
Sarthak Kumar
Shares of Arvind SmartSpaces surged more than 8% in early trade on Thursday after the real estate developer reported strong Q4FY26 earnings along with record bookings and collections for both the quarter and full financial year.
The stock rose as much as 8.1% to ₹659 on the NSE, compared to its previous close of ₹602.60.
Arvind SmartSpaces reported consolidated revenue of ₹155 crore for Q4FY26, compared to ₹163 crore in the same quarter last year. Despite the marginal decline in revenue, profitability improved sharply during the quarter.
EBITDA nearly doubled to ₹49 crore from ₹27 crore a year ago, while EBITDA margin expanded significantly to 31.8% from 16.6% in Q4FY25.
Net profit for the quarter jumped to ₹42 crore, compared to ₹19 crore in the corresponding quarter last year, reflecting strong operational efficiency and better project execution.
Operational performance remained robust during the quarter. Booking value rose to ₹612 crore from ₹381 crore last year, while collections increased to ₹355 crore from ₹215 crore.
For the full FY26, the company achieved its highest-ever annual booking value of ₹1,550 crore, up 22% year-on-year. Annual collections also touched a record ₹1,100 crore, registering 17% growth over the previous year.
The company generated net operating cash flows of ₹417 crore during FY26 and crossed ₹100 crore of annual PAT for the second consecutive year.
Arvind SmartSpaces also expanded its project pipeline aggressively during the year, acquiring new projects with estimated topline potential of around ₹3,140 crore. The company added projects across Bengaluru and Mumbai, including its first residential apartment redevelopment project in Mumbai.
Management highlighted that Bengaluru continued to remain a major growth market, accounting for nearly 31% of annual bookings. The company also stated that strong traction in newly launched projects and healthy collections supported profitability and cash flow generation during the year.
The board of directors recommended a final dividend of ₹2.25 per equity share for FY26.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice.