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.

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..