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Arvind SmartSpaces Ltd reported an eight-fold rise in consolidated net profit to INR 97.39 crore for the quarter ended June, supported by a sharp increase in total income. The Ahmedabad-based Lalbhai Group’s real estate arm had posted a net profit of INR 11.96 crore in the corresponding quarter of the previous financial year. Total income increased to INR 322.02 crore in the first quarter of FY27 from INR 106.39 crore a year earlier, according to a regulatory filing. The company also recorded a more than two-fold increase in sales bookings, with pre-sales reaching INR 432 crore during April-June, compared with INR 175 crore in the corresponding period of FY26. Arvind SmartSpaces has projects across Ahmedabad, Gandhinagar, Baroda, Bengaluru, the Mumbai Metropolitan Region and Pune.
Arvind SmartSpaces Ltd reported an eight-fold increase in consolidated net profit to INR 97.39 crore for the quarter ended June, driven by higher income during the first quarter of FY27, the real estate company said in a regulatory filing on Friday. The company had recorded a consolidated net profit of INR 11.96 crore in the corresponding quarter of the previous financial year.
Total income rose to INR 322.02 crore during the April-June quarter of FY27, compared with INR 106.39 crore in the same period of FY26. The increase in income was accompanied by a significant improvement in the company’s sales bookings during the quarter.
Arvind SmartSpaces reported sales bookings, or pre-sales, of INR 432 crore in the first quarter of the current financial year. This represented an increase of more than two times from the INR 175 crore recorded during the corresponding quarter of FY26.
The company’s operational performance during the quarter was reported alongside the increase in its financial income and consolidated profit. Sales bookings are a key operating indicator for real estate companies and reflect the value of property sales booked during a period, although they are distinct from recognised revenue.
Arvind SmartSpaces is the real estate arm of the Ahmedabad-based Lalbhai Group. The company has a development presence across several major property markets in western and southern India.
Its portfolio spans Ahmedabad, Gandhinagar and Baroda in Gujarat, as well as Bengaluru, the Mumbai Metropolitan Region (MMR) and Pune. These markets cover residential and other real estate development activities undertaken by the company.
The company’s latest quarterly results come as its sales bookings increased substantially from the corresponding period of the previous financial year. The rise in pre-sales from INR 175 crore to INR 432 crore marks an increase of INR 257 crore over the year-ago quarter.
At the same time, consolidated net profit increased by INR 85.43 crore year-on-year, while total income rose by INR 215.63 crore. The figures reported for the quarter cover the first three months of FY27, which began in April.
The company’s financial performance was disclosed through a regulatory filing, providing details of its consolidated results for the quarter ended June. Arvind SmartSpaces continues to operate across Ahmedabad, Gandhinagar, Baroda, Bengaluru, MMR and Pune through its real estate development portfolio.
Source - PTI
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