Arvind Smartspaces’ Q2 profit falls 65%; revenue down 47%
It's revenue also fell 47 per cent year-on-year (YoY) from Rs265.5 crore to Rs140.5 crore a year ago, according to its stock exchange filing
Arvind Smartspaces’ Q2 profit falls 65%; revenue down 47%
Mumbai: Realty developer Arvind Smartspaces Limited on Monday reported a sharp 65 per cent drop in its net profit to Rs 14 crore for the quarter ended September 30 (Q2 FY26) compared with Rs41 crore in the same quarter last fiscal (Q2 FY25).
The company’s revenue also fell 47 per cent year-on-year (YoY) to Rs140.5 crore from Rs265.5 crore a year ago, according to its stock exchange filing.
Its EBITDA declined 56 per cent to Rs29.2 crore from Rs66.4 crore in Q2 FY25, with margins narrowing to 20.7 per cent from 25 per cent a year earlier.
During the first half of FY26, Arvind Smartspaces recorded bookings worth Rs 607 crore, slightly lower than Rs666 crore in the same period last financial year.
Collections for the half-year stood at Rs427 crore, compared with Rs 497 crore in H1 FY25. Revenue from operations came in at Rs242 crore, down from Rs 340 crore a year ago, while adjusted EBITDA stood at Rs55.5 crore versus Rs 91 crore previously.
The company’s profit after tax (PAT) for the first half was Rs 30 crore, lower than Rs 47 crore last financial year.
On a sequential basis, the company’s performance improved in Q2 FY26. Quarterly bookings rose 147 per cent quarter-on-quarter to Rs432 crore, driven mainly by the successful launch of Arvind Everland at Mankol, Sanand.
The project recorded strong sales of 954 units, generating Rs400 crore in bookings -- nearly 82 per cent of the launched inventory.
