November 05, 2026 – Financial results for the quarter and half year ended September 30, 2026, have been announced by Arvind SmartSpaces Limited (ASL), the real estate development arm of the Lalbhai Group
Performance Summary—Q2FY27
· Bookings stood at ₹ 906 Cr, as compared to ₹ 432 Cr in the previous year, driven by both new launches & strong sustenance sale
· Collections amounted to ₹418 Cr, as against ₹236 Cr in the previous year
· Revenue from operations stood at ₹157 Cr vs. ₹141 Cr in the previous year
· Adjusted EBITDA for the quarter stood at ₹45 Cr vs. ₹31 Cr in the previous year
· Profit After Tax (PAT) for the quarter stood at ₹23 Cr vs. ₹18 Cr in the previous year
· Net Debt (interest-bearing funds) to Equity ratio stood at 0.26x as of September 30, 2026, compared to 0.29x as of June 30, 2026
· Launched Arvind Sylva, ASL’s largest vertical project launched till date, located at Sarjapur Road, Bengaluru, in August 2026. Achieved sales bookings of ₹ 500 crore, representing ~60% of total inventory, within 30 days of its launch
· Launched Arvind Iconiain Vastrapur, Ahmedabad, toward the end of the quarter
· Achieved sales bookings of ₹ 81 crore, representing ~21% of total inventory
During FY27, bookings stood at ₹1338 crore, registering 120% YoY growth, while collections increased by 77% to ₹754 crore.
Business Development Highlights
· In September 2026, the Company entered into a joint development agreement for a residential high-rise project in Sarjapur Road, Bengaluru, with an estimated revenue potential of approximately ₹470 crore and a saleable area of around 3.60 lakh sq.ft.
· This acquisition, together with last quarter’s additions, takes the company’s FY27 new business development to a total top-line potential of approximately ₹ 3,100 crore.
Commenting on Q2 & H1 FY27 performance, Mr. Priyansh Kapoor, Managing Director & CEO, Arvind SmartSpaces Ltd., said, “We are pleased to report our highest-ever quarterly and half-yearly bookings as well as collections during the quarter, this achievement is driven by successful launches, a strong sustenance engine, and disciplined execution across our projects. We have also made strong progress on the business development front, adding projects having a gross development value of ₹ 3,100 crore in the half year ended on September 2026.
Looking ahead, we remain positive about the opportunities in our focus geographies. Our priority will be to convert our strong pipeline into launches and deliveries, while staying prudent on capital and uncompromising on governance. We are committed to creating enduring value for our customers, employees, shareholders, and all stakeholders.”
About Arvind SmartSpaces:
Built on a legacy of 128+ years of the Lalbhai Group and established in the year 2008, Arvind Smart Spaces is India’s leading real estate development company headquartered in Ahmedabad. With ~100.4 million square feet of real estate development across the country, the company is focused on delivering real estate solutions that add value to the lives of its customers and is fast-emerging as a leading corporate real estate player in the country.
The company has real estate developments across Ahmedabad, Gandhinagar, Baroda, Bengaluru, MMR, and Pune. Backed by the strong brand name of the Arvind Group and the credibility achieved through already delivered projects, the company has plans to continue the strong growth momentum and deliver value to all stakeholders. For details, please visit www.arvindsmartspaces.com
For further information, please contact:
Kanika Tripathi – 9004926043 | kanika@proseintegrated.com
Lavanya Dhumal – 7208478574 lavanya@proseintegrated.com
