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Arvind SmartSpaces Results – Fresh Sales jump by 85% to 529 Cr in FY21

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 ....

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Arvind SmartSpaces Results - Fresh sales up 85% in FY21 to Rs 529 Cr

New Delhi [India], June 1 (ANI/SRV Media): Arvind SmartSpaces Ltd, has reported the highest ever quarterly fresh sales of Rs 207 Cr for Q4'21 which translates to 39 per cent year-on-year growth. ....

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Arvind SmartSpaces announces Results for the quarter and year ended Mar 31, 2021

Arvind SmartSpaces announces Results for the quarter and year ended Mar 31, 2021
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Arvind SmartSpaces Limited allots 28,50,000 warrants

Arvind SmartSpaces Limited allots 28,50,000 warrants
equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.

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Arvind SmartSpaces Q3 net takes 75% hit on Covid-induced disruption

The Covid-19 pandemic-induced disruption in the real estate market saw Arvind SmartSpaces Ltd took take a 75 per cent hit on its consolidated net profit for the third quarter of financial year 2020-21 at Rs 5.33 crore. Last year, the real estate company of Arvind Group had a consolidated net profit of Rs 20.84 crore in the third quarter.
The company s consolidated total revenue dipped by 53 per cent to Rs 44.68 crore in Q3 of FY21 as compared to Rs 94.54 crore in the said quarter last year.
However, the company recorded a 138 per cent growth in fresh MIS sales for the quarter which stood at Rs 144 crore, as against Rs 61 crore in the corresponding period last year. According to the company s filing with stock exchanges, while financial performance was based on project completion as per applicable accounting standards, there was a strong momentum in sales with fresh bookings and healthy pipeline. ....

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