Arvind SmartSpaces Ltd — earnings calls

Arvind SmartSpaces reported Q1 FY27 presales of INR432 crores, up 147% year-on-year, with revenue of INR318 crores versus INR102 crores a year earlier and adjusted EBITDA of INR150 crores versus INR25 crores, driven largely by the BU received for Phase 1 of the Orchards project in Bengaluru. Collections grew 76% year-on-year to INR336 crores, and net operating cash flow for the quarter was INR81 crores. Management reiterated its full-year FY27 guidance of 35-40% bookings growth, business development of INR4,000-5,000 crores, and EBITDA margins on new sales of 22-25%.

Arvind SmartSpaces reported FY26 bookings of INR1,550 crores, up 22% year-on-year, with Q4 bookings crossing INR600 crores for the first time. Full-year revenue declined to INR564 crores from INR713 crores due to timing of revenue recognition, while Q4 PAT grew 103% year-on-year to INR44 crores. Management outlined a business development target of INR4,000-5,000 crores for FY27 and discussed cost pressures, sustenance sales trends, and new project launches in Mumbai, Bengaluru and Ahmedabad.