Arvind SmartSpaces Q2 FY27: Bookings Surge 110% to ₹906 Cr, PAT ₹23 Cr
Arvind SmartSpaces reported record Q2 FY27 results with bookings surging 110% to ₹906 crore and collections at ₹418 crore. PAT stood at ₹23 crore. The company launched Arvind Sylva and Arvind Iconia, contributing significantly to sales. ASL revised its FY27 bookings growth guidance upwards to ₹2600-2700 crore.
The significant increase in bookings, revenue, and profit, coupled with an upward revision of future guidance and successful project launches, indicates a substantial positive impact on the company's financial health and market position.
The company reported record quarterly and half-yearly bookings and collections, along with an upward revision in future guidance, indicating strong business performance and positive outlook.
Arvind SmartSpaces Limited (ASL), the real estate development arm of the Lalbhai Group, has announced its unaudited financial results for the quarter and half-year ended September 30, 2026.
For Q2 FY27, ASL reported a significant surge in bookings, reaching ₹906 crore, a 110% increase compared to ₹432 crore in the previous year. Collections also saw a substantial rise, amounting to ₹418 crore, up from ₹236 crore year-on-year. Revenue from operations stood at ₹157 crore, a modest increase from ₹141 crore in the prior year. Adjusted EBITDA for the quarter was ₹45 crore, up from ₹31 crore, and Profit After Tax (PAT) grew to ₹23 crore from ₹18 crore in the same period last year. The company's Net Debt to Equity ratio improved to 0.26x as of September 30, 2026.
Key project launches contributed to this performance. Arvind Sylva, ASL’s largest vertical project to date, launched in August 2026 on Sarjapur Road, Bengaluru, achieved sales bookings of ₹500 crore, representing approximately 60% of its total inventory within 30 days. Additionally, Arvind Iconia in Vastrapur, Ahmedabad, launched towards the end of the quarter, achieved sales bookings of ₹81 crore, representing about 21% of its total inventory.
During H1 FY27, ASL's bookings reached ₹1338 crore, marking a 120% year-on-year growth, with collections increasing by 77% to ₹754 crore.
In terms of business development, ASL entered into a joint development agreement in September 2026 for a residential high-rise project in Sarjapur Road, Bengaluru, with an estimated revenue potential of approximately ₹470 crore and a saleable area of around 3.60 lakh sq.ft. This, along with previous additions, brings ASL’s new business development for FY27 to a total top-line potential of approximately ₹3,100 crore.
Commenting on the performance, Mr. Priyansh Kapoor, Managing Director & CEO of Arvind SmartSpaces Ltd., stated, "We are pleased to report our highest-ever quarterly and half yearly bookings as well as collections during the quarter, this achievement is driven by successful launches, strong sustenance engine and disciplined execution across our projects." He further added that the company is revising its FY27 bookings growth guidance upwards from 35%-40% (₹2100-2200 crore) to ₹2600 - 2700 crore, representing a 70 to 75% year-on-year growth. The company also anticipates achieving the upper end of its Gross Development Value (GDV) addition guidance of ₹4000 - 5000 crore for FY27. ASL reiterates its EBITDA margin guidance in the range of 22%–25%. Looking ahead, the company remains focused on converting its pipeline into launches and deliveries while maintaining prudence in capital management and governance.
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