Arvind SmartSpaces Results – Fresh Sales jump by 85% to 529 Cr in FY21
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Arvind SmartSpaces Results – Fresh Sales jump by 85% to 529 Cr in FY21
Mediawire / Jun 2, 2021, 10:45 IST
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Real estate arm of the USD 2Bn Lalbhai Group, Arvind SmartSpaces Ltd has posted record quarterly Fresh sales of Rs. 207 Cr, a 39% jump Y-0-Y in Q4 FY21.
The Fresh sales for FY21 were the highest ever since inception which stood at Rs. 529 Cr, a 85% jump from FY20 (286 Cr)
The unrecognised revenue as on March 31, 2021 stood at Rs. 762 Cr vs Rs. 477 Cr last year.
There has been an effective working capital debt reduction of Rs. 95 Cr from Rs. 217 Cr as on Mar20 to Rs. 122 Cr as on Mar21