Arvind SmartSpaces Posts Record Bookings And Strong Cash Flows

25 May 2026 CW Team

Arvind SmartSpaces reported record annual bookings of Rs. 15,500 million and annual collections of Rs. 11,000 million for the fiscal year ended March 31, 2026, representing year-on-year growth of 22 per cent and 17 per cent respectively. Revenue from operations stood at Rs. 5,640 million while adjusted EBITDA was Rs. 1,560 million. Profit after tax was Rs. 1,030 million and net operating cash flows totalled Rs. 4,170 million for the year. The board recommended a final dividend of Rs. two point two five per equity share of face value Rs. 10 each.

In the quarter the company recorded bookings of Rs. 6,120 million and collections of Rs. 3,550 million. Quarterly revenue from operations was Rs. 1,550 million while adjusted EBITDA rose to Rs. 564 million, up 26 per cent year-on-year. Profit after tax increased to Rs. 442 million, up 103 per cent year-on-year. Interest-bearing net debt stood at Rs. 1,670 million on March 31, 2026, with a net debt to equity ratio of 0.26.

The company launched Arvind Skycrest in Bannerghatta and Arvind Greenfields in Ajwa Road, achieving early sales bookings of 164 units totalling Rs. 2,620 million and 323 units totalling Rs. 1,780 million respectively. It acquired a residential high-rise on Sarjapur Road with about 0.68 million sq. ft. of saleable area and a topline potential of Rs. 8,600 million, and a Whitefield project of about 0.25 million sq. ft. with a potential of Rs. 3,300 million. The firm entered the Mumbai apartment market with a redevelopment project in Santacruz and subsequently signed a large high-rise joint development in Goregaon with a topline potential of Rs. 24,000 million.

Management described FY26 as a landmark year driven by demand and execution and said Bengaluru contributed Rs. 4,850 million or 31 per cent of annual bookings. The company said it remains focused on disciplined capital allocation and long-term value creation.

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