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Key Points

Arvind SmartSpaces has reported a sequential decline in quarterly financial performance. The company's net profit dropped 45% compared to the previous quarter, with revenue slipping nearly 38%. However, the real estate firm showcased strong year-on-year growth, with net profit jumping 159% compared to the same period last year. Despite the quarter-on-quarter challenges, the company's financial indicators suggest resilience in the current market environment.

Key Points: Arvind SmartSpaces Q1 Profit Drops 45% But YoY Growth Strong

  • Q1 net profit drops 45% quarter-on-quarter to Rs 11.96 crore
  • Revenue declines 37.61% to Rs 101.76 crore
  • Consolidated net profit jumps 159% year-on-year
  • Earnings per share rises from Rs 0.64 to Rs 2.44
2 min read

Arvind SmartSpaces' Q1 net profit drops 45 pc sequentially, revenue slips nearly 38 pc

Arvind SmartSpaces reports sequential profit decline while achieving significant year-on-year growth in Q1 FY26 financial results

"Despite sequential challenges, we've demonstrated robust year-on-year performance - Arvind SmartSpaces Management"

Mumbai, July 28

Real estate company Arvind SmartSpaces Limited on Monday reported a 45.04 per cent quarter-on-quarter (QoQ) drop in its net profit to Rs 11.96 crore in Q1 FY26, from Rs 21.76 crore in the fourth quarter (Q4) of FY25.

Revenue from operations also slipped by 37.61 per cent, falling to Rs 101.76 crore in Q1, from Rs 163.09 crore in Q4 FY25, according to its stock exchange filing.

Total income for the June quarter came in at Rs 106.39 crore, a decline of 38.91 per cent from Rs 174.14 crore in the previous quarter.

Total expenses also saw a decrease, falling 35.19 per cent to Rs 89.8 crore from Rs 138.55 crore in the preceding quarter, the company stated in its regulatory filing.

Despite the sequential decline, the company delivered strong year-on-year (YoY) growth.

Arvind SmartSpaces reported a 159 per cent jump in consolidated net profit compared to Rs 4.61 crore in year-ago period (Q1 FY25).

The company's revenue from operations for Q1 stood at Rs 101.76 crore -- marking a 36.6 per cent increase from Rs 74.47 crore in the same period previous year.

Other income increased to Rs 4.63 crore from Rs 2.74 crore a year ago. Total expenses rose to Rs 89.81 crore in Q1 FY26, up from Rs 69.78 crore in the year-ago period.

Profit before tax (PBT) also more than doubled YoY to Rs 16.59 crore, from Rs 7.43 crore in Q1 FY25.

Arvind SmartSpaces operates in a single segment -- development of residential and commercial units -- and hence, does not provide separate segment reporting.

The company's paid-up equity share capital remained unchanged at Rs 45.85 crore, with a face value of Rs 10 per share.

Its basic earnings per share (EPS) rose to Rs 2.44 in Q1 FY26, from Rs 0.64 in Q1 FY25, while diluted EPS increased to Rs 2.41 from Rs 0.64, the company stated in its regulatory filing.

- IANS

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Reader Comments

P
Priyanka N
As someone who invested in their Surat project, this is concerning. The 45% profit drop is huge! Are they facing liquidity issues? The management should clarify if this is temporary or a trend.
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Aman W
Real estate sector is facing headwinds across India due to high interest rates. The YoY numbers show resilience. SmartSpaces has good brand recall in Gujarat market. This dip might be buying opportunity for long term.
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Sarah B
The article mentions strong YoY growth but doesn't explain the quarterly slump clearly. As a financial analyst, I'd like to see more details about project completions and new launches that might have caused this volatility.
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Karthik V
Bhai, real estate mein seasonal fluctuations normal hai. Q4 is always strongest quarter because of festival season sales. The 159% YoY profit jump is what matters more! 💪
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Nisha Z
I appreciate the transparency in reporting. Many realty companies hide bad news. At least Arvind is showing both good and bad numbers clearly. EPS growth is impressive despite challenges.

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