Arvind SmartSpaces Reports Q2 & H1 FY26 Financial Results
Filing Summary
Arvind SmartSpaces Ltd announced its unaudited financial results for Q2 and H1 FY26. The company reported a Q2 FY26 bookings value of Rs. 432 crore, a 147% increase quarter-on-quarter. Collections for the same period stood at Rs. 236 crore, up 23% QoQ. Net operating cash flows rose 368% QoQ to Rs. 125 crore. H1 FY26 bookings totaled Rs. 607 crore, while collections were Rs. 427 crore. The company’s net debt remained negative at Rs. (32) crore as of September 30, 2025. Arvind SmartSpaces launched a new project, Arvind Everland, achieving significant sales bookings.
Arvind SmartSpaces Ltd has released its unaudited financial results for the second quarter and half-year ending September 30, 2025. The company reported a Q2 FY26 bookings value of Rs. 432 crore, marking a 147% increase quarter-on-quarter. Collections for the same period were Rs. 236 crore, reflecting a 23% rise QoQ. Net operating cash flows increased by 368% QoQ to Rs. 125 crore. For the first half of FY26, the company recorded bookings of Rs. 607 crore and collections of Rs. 427 crore. As of September 30, 2025, net debt was negative at Rs. (32) crore.
In Q2 FY26, Arvind SmartSpaces reported revenue from operations of Rs. 140 crore, compared to Rs. 266 crore in the previous year. Adjusted EBITDA for the quarter was Rs. 31 crore, down from Rs. 83 crore last year. Profit After Tax (PAT) for Q2 FY26 amounted to Rs. 18 crore, compared to Rs. 43 crore in the same period last year. For H1 FY26, revenue from operations was Rs. 242 crore, with an adjusted EBITDA of Rs. 55.5 crore and PAT of Rs. 30 crore.
Operationally, Arvind SmartSpaces launched the Arvind Everland project in Mankol, Sanand, achieving sales bookings of 954 units amounting to Rs. 400 crore, which represents 82% of the launched inventory. The company also entered the Vadodara market with a horizontal township project valued at approximately Rs. 700 crore, spread over 98 acres, under a joint development model with a 68% revenue share.
The company’s net debt position improved from Rs. (50) crore as of June 30, 2025, to Rs. (32) crore as of September 30, 2025. The net debt to equity ratio stood at (0.05) as of September 30, 2025. Arvind SmartSpaces continues to focus on expanding its geographic footprint across high-potential markets in Gujarat, Bangalore, and MMR.
Arvind SmartSpaces launched Arvind Everland towards the end of Q2 FY26, achieving significant sales bookings. The company also initiated a new joint development project in Vadodara, which is expected to contribute to its growth strategy.
Arvind SmartSpaces, established in 2008 and part of the Lalbhai Group, is a leading real estate development company in India. The company focuses on delivering real estate solutions across Ahmedabad, Gandhinagar, Bengaluru, MMR, and Pune. With a strong brand name and credibility from completed projects, Arvind SmartSpaces aims to maintain its growth momentum and deliver value to stakeholders.