Financial Performance Overview
Arvind SmartSpaces Limited reported mixed financial results for FY 2025-26, achieving record operational performance despite revenue contraction. Consolidated revenue from operations declined 21% to ₹564.05 Cr (₹713.30 Cr in FY25), while net profit stood at ₹96.44 Cr (₹110.49 Cr in FY25). Standalone performance showed stronger results with revenue at ₹237.87 Cr and profit surging 240% to ₹45.94 Cr.
Operational Excellence
The company achieved its highest-ever annual bookings of ₹1,550 Cr, representing 22% YoY growth, with new launches contributing approximately 60% (₹930 Cr). Collections reached ₹1,100 Cr (17% growth), generating robust operating cash flow of ₹417 Cr. The project pipeline expanded significantly with ₹3,140 Cr revenue potential added across Mumbai, Bengaluru, Ahmedabad, and the company's first entry into Vadodara.
Project Performance & Portfolio
Key project achievements included Arvind Skycrest (Bengaluru) booking 164 units worth ₹262 Cr (53% inventory within launch week), Arvind Greenfields (Vadodara) booking 323 units worth ₹178 Cr (42% launched inventory), and Arvind Everland (Ahmedabad) booking 1,112 units worth ₹461 Cr (90% launched inventory). The ongoing project portfolio spans 578.80 Mn Sq. Ft. with ₹4,612 Cr booking value and unrecognized revenue of ₹3,733 Cr providing strong visibility.
Capital Structure & Dividend
The Board recommended a final dividend of ₹2.25 per equity share, marking the fourth consecutive year of dividend distribution. Total borrowings increased to ₹577.45 Cr, primarily comprising secured term loans from banks and financial institutions at 9-10% interest. The net debt-to-equity ratio stood at 0.70, with credit rating maintained at 'IND AA-/Stable' by India Ratings.
Sustainability & Compliance
The company disclosed comprehensive BRSR metrics including 2 POSH complaints (down from 6 in FY25), energy consumption of 11,634.72 GJ, water withdrawal of 154,566.84 kilolitres, and GHG emissions of 1,674.52 tCO2e. Sustainability initiatives included tree plantations (9,380 trees absorbing 164.7 metric tons CO2 annually), energy efficiency projects reducing emissions by 1,308 metric tons, and rainwater harvesting with 176,000 litres capacity.
Governance & Leadership
Mr. Priyansh Kapoor was appointed as MD & CEO effective February 10, 2026, with Mr. Kamal Singal redesignated as Whole-time Director (Strategy and Investments). The company maintained strong governance with 10 Directors and seven functional committees. Auditors issued unqualified opinions on both standalone and consolidated financial statements, noting key audit matters around revenue recognition and inventory valuation.
Regulatory & Future Outlook
The company complied with SEBI Regulation 34 requirements and adopted new accounting standards including Ind AS 21 amendments. Subsequent events included acquiring 49% stake in Oxford Navrang Realtors for Mumbai redevelopment and scheduling the 18th AGM for September 11, 2026. The forward-looking statements indicate continued growth expectations despite economic risks, supported by geographical diversification and structured project management frameworks.