Arvind SmartSpaces Q1 FY27: Bookings Surge 147% to ₹432 Cr, PAT Jumps to ₹97 Cr
Arvind SmartSpaces reported a record Q1 FY27 with bookings surging 147% to ₹432 crore and PAT rising to ₹97 crore. Revenue grew to ₹318 crore and Adjusted EBITDA to ₹152 crore. The company added two new projects in Mumbai and Ahmedabad, with revenue potential of ₹2,400 crore and ₹180 crore respectively. Credit rating was upgraded to AA-.
The substantial increase in bookings, revenue, and profit, along with the credit rating upgrade and strategic business development deals, indicates a significant positive impact on the company's financial health and future growth prospects.
The company reported significant year-on-year growth across key financial metrics like bookings, revenue, EBITDA, and PAT. The addition of new projects and a credit rating upgrade further contribute to a positive sentiment.
Arvind SmartSpaces Limited (ASL) has announced its unaudited financial results for the first quarter ended June 30, 2026, reporting a record performance with a 147% surge in bookings.
For Q1 FY27, ASL recorded bookings of ₹432 crore, a significant increase from ₹175 crore in the corresponding period of the previous year. Collections also saw a substantial rise, amounting to ₹336 crore compared to ₹191 crore year-on-year. Revenue from operations stood at ₹318 crore, up from ₹102 crore in the prior year. Adjusted EBITDA for the quarter was ₹152 crore, a considerable jump from ₹25 crore in Q1 FY26. Profit After Tax (PAT) for the quarter was ₹97 crore, compared to ₹12 crore in the same period last year. The Net Debt to Equity ratio was reported at 0.29x as of June 30, 2026.
In terms of business development, ASL entered into a joint development agreement in April 2026 for a high-rise residential project in Goregaon, Mumbai, with an estimated revenue potential of ₹2,400 crore and a saleable carpet area of 0.67 million sq. ft. Additionally, in June 2026, the company added a residential horizontal development project in Metal, South Ahmedabad, under a joint development model, with an estimated topline potential of ₹180 crore and a saleable area of 2.5 million sq. ft.
Other highlights include an upgrade in the company's long-term credit rating by India Ratings to AA- (Stable) from 'A+'. The company also reported a net operating cash flow of ₹81 crore for Q1 FY27. The management anticipates adding ₹4,000 – 5,000 crore of new projects and achieving approximately 35% - 40% growth in bookings for the full fiscal year.
Commenting on the performance, Mr. Priyansh Kapoor, Managing Director & CEO of Arvind Smartspaces Ltd., expressed confidence in the company's strategy and execution, highlighting the strong financial results driven by robust sales and collections. He noted the significant business development deals secured during the quarter and expressed optimism about the sector's structural growth drivers.
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