Arvind SmartSpaces Q3 PAT falls 42% to ₹29 crore, bookings rise 48%

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Arvind SmartSpaces Ltd (ASL) for the 3rd 4th ended December 31, 2025 nett net of ₹29 crore arsenic compared with ₹50 crore successful the twelvemonth agone period, down 42%.

Revenue for the 4th besides fell to ₹166 crore from ₹210 crore a twelvemonth ago, down 21%

The institution attributed the moderation successful gross and nett to the timing of gross recognition, which is linked to operation progress.

For the 4th bookings accrued 48% to ₹331 crore from ₹224 crore a twelvemonth earlier, portion collections roseate 38% to ₹317 crore from ₹229 crore. Net operating currency flows for the 4th grew 128% Year connected Year to ₹169 crore.

For the 9 months ended December 31, 2025, bookings stood astatine ₹938 crore, up 5% from ₹890 crore successful the corresponding play past year. Collections roseate 2% YoY to ₹744 crore from ₹725 crore. Net operating currency flows for the play grew 16% YoY to ₹321 crore.

Net indebtedness (interest-bearing funds) stood astatine ₹79 crore arsenic of December 31, 2025, with a nett debt-to-equity ratio of 0.13.

On the enlargement front, the institution said it added projects with a cumulative topline imaginable of astir ₹2,510 crore during the 9 months . In Q3, it acquired a premium residential high-rise task successful Vastrapur, Ahmedabad, with a topline imaginable of astir ₹400 crore and saleable country of 3.6 lakh sq. ft., and different successful Nallurahalli, Whitefield, Bengaluru, with a topline imaginable of astir ₹550 crore and 4.6 lakh sq. ft. of saleable area.

In January 2026, it added a premium high-rise task successful Sarjapur, Bengaluru, with a topline imaginable of astir ₹860 crore and saleable country of 6.8 lakh sq. ft. 

Priyansh Kapoor, CEO and Whole-Time Director, said “The institution had carried guardant the momentum from the archetypal fractional into Q3, led by beardown sustenance income crossed Ahmedabad and Bengaluru.” He added that the concern improvement pipeline remained robust arsenic ASL continued to measure opportunities crossed Gujarat, Bengaluru and the Mumbai Metropolitan Region.

Published - February 11, 2026 10:27 p.m. IST

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