Company Disclosure

Security ID: ARVSMART

Operational Highlights Q1 FY27

  • Quarterly bookings stood at ₹432 Cr, up 147% YoY
  • Collections stood at ₹336 Cr, up 76% YoY
  • Operational Cash Flow (OCF) of ₹81 Cr vs ₹27 Cr previous year, up 300%
  • Gujarat region contributed ₹375 Cr in bookings and ₹230 Cr in collections
  • Bengaluru region contributed ₹58 Cr in bookings and ₹107 Cr in collections

Key Project Contributions to Bookings:

  • Aquacity: ₹274 Cr (262,148 sq ft)
  • One Uplands: ₹32 Cr (35,739 sq ft)
  • The Edge: ₹19 Cr (14,697 sq ft)
  • Arvind Greenfields, Vadodara: ₹14 Cr (43,459 sq ft)
  • Forreste: ₹14 Cr (51,552 sq ft)
  • Forreste 5: ₹13 Cr (27,060 sq ft)

Key Project Contributions to Collections:

  • Aquacity: ₹98 Cr
  • The Edge: ₹30 Cr
  • Arvind Skycrest: ₹29 Cr
  • Uplands 20 & 30: ₹25 Cr
  • Arvind Everland: ₹23 Cr

Business Development Updates

  • New business development topline potential for the quarter: ~₹2,580 Cr
  • April 2026: Signed high-rise project in Goregaon, Mumbai with topline of ~₹2,400 Cr and saleable carpet area of ~0.67 million sq ft
  • June 2026: Added residential horizontal project in Metal, south Ahmedabad with topline of ~₹180 Cr and total saleable area ~2.50 million sq ft

Financial Performance Q1 FY27

  • Revenue: ₹318 Cr vs ₹102 Cr previous year
  • Adjusted EBITDA: ₹152 Cr vs ₹25 Cr previous year
  • PAT: ₹97 Cr vs ₹12 Cr previous year
  • Net Debt to Equity: 0.29x vs 0.26x at March 2026

Credit Rating Update

  • In June 2026, long-term credit rating upgraded to "AA-/Stable" from "A+/Stable" by India Ratings & Research

Project Portfolio Overview (as of June 2026)

Completed Projects:

  • Total completed: 10.3 million sq ft
  • Gujarat: 6,431,625 sq ft with booking value of ₹1,164 Cr
  • Karnataka: 3,793,891 sq ft with booking value of ₹2,061 Cr
  • Maharashtra: 100,979 sq ft with booking value of ₹81 Cr

Ongoing Projects:

  • Total ongoing: 58.6 million sq ft
  • Major projects include Aquacity (154.03 lakh sq ft), Arvind Everland (65.77 lakh sq ft), Uplands 2.0 & 3.0 (103.38 lakh sq ft)
  • Total booking value of ongoing projects: ₹7,435 Cr

Planned Projects:

  • Total planned: 31.2 million sq ft
  • Includes projects in Gujarat, Karnataka, and Maharashtra

Unrecognized Revenue and Cash Flow Estimates

  • Total unrecognized revenue as of 30 June 2026: ₹14,861 Cr (Inventory + Receivables)
  • Estimated operating cash flow: ₹5,119 Cr
  • Breakdown by state:
  • Gujarat: ₹2,333 Cr
  • Karnataka: ₹2,104 Cr
  • Maharashtra: ₹898 Cr

Management Team

  • Mr. Kulin S. Lalbhai: Chairman & Non-Executive Director
  • Mr. Priyansh Kapoor: Managing Director & CEO
  • Mr. Kamal Singal: Whole Time Director – Strategy & Investments
  • Mr. Amit Chamaria: Chief Financial Officer (18+ years experience)
  • Professional management team with extensive real estate experience

Strategic Partnerships

  • Strategic partnership with HDFC Capital Advisors established in 2019-2022

Awards & Accolades FY2026

  • Developer of the Year – Residential (17th Realty Conclave & Excellence Awards 2025)
  • Iconic project of Year – Arvind Aquacity (Times Now Radiant Gujarat Awards)
  • Villa Project of the year – Arvind Forreste
  • Excellence in Trustworthy Brand in real Estate
  • Township of the year – Arvind Aqua City