Arvind SmartSpaces posts record Q3 collections, names Priyansh Kapoor as new MD

Arvind SmartSpaces Limited reported its highest-ever quarterly collections in Q3 FY26, driven by strong booking momentum, while announcing a key leadership transition with Priyansh Kapoor taking over as Managing Director.

Arvind SmartSpaces Limited delivered a strong operational performance in Q3 FY26, reporting record quarterly collections of ₹317 crore, up 38 percent year-on-year. Quarterly bookings also surged 48 percent YoY to ₹331 crore, reflecting sustained demand across its residential and industrial projects.

For the nine months ended December 31, 2025, the company achieved its highest-ever collections of ₹744 crore, while bookings stood at ₹938 crore, supported by steady execution and improved sales velocity. Revenue for Q3 FY26 came in at ₹166 crore, while EBITDA and profit after tax were ₹44 crore and ₹29 crore, respectively.

Alongside the earnings announcement, the company disclosed a leadership transition. Priyansh Kapoor has been appointed Managing Director, succeeding Kamal Singal, who will now serve as Whole-Time Director in charge of Strategy and Investments after leading the company for over 15 years. Chairman Kulin Lalbhai said the transition aligns with efforts to strengthen leadership depth and enhance execution capabilities across key markets.

During FY26, Arvind SmartSpaces added new projects with an estimated topline potential of around ₹2,510 crore across Bengaluru, Ahmedabad, and Vadodara, reinforcing its development pipeline. The company continues to target business development of ₹3,500–4,000 crore for the financial year.

Operational cash flows remained robust, with Q3 FY26 cash flows rising 128 percent YoY to ₹169 crore. As of December 31, 2025, net debt stood at ₹79 crore, underscoring a healthy balance sheet. Looking ahead, the company plans Q4 FY26 launches worth ₹1,500–1,600 crore in gross development value, while maintaining its pre-sales guidance.