Arvind SmartSpaces Reports 110% Surge in Q2 Bookings
Ahmedabad, November 6, 2026: Arvind SmartSpaces Limited (ASL), the real estate development arm of the Lalbhai Group, has announced its financial results for the quarter and half-year ended September 30, 2026, delivering a 110 percent surge in quarterly bookings to Rs 906 crore compared to Rs 432 crore in the corresponding quarter of the previous year, according to a press release issued by the company.
The company’s collections for the second quarter amounted to Rs 418 crore, up from Rs 236 crore in the year-ago period. Revenue from operations reached Rs 157 crore against Rs 141 crore, while adjusted EBITDA stood at Rs 45 crore compared to Rs 31 crore. Net profit after tax for the quarter rose to Rs 23 crore from Rs 18 crore in the corresponding period of the previous year. The net debt-to-equity ratio stood at 0.26x as of September 30, 2026.
Performance during the quarter was driven by new project launches and sustenance sales. In August 2026, ASL launched Arvind Sylva on Sarjapur Road in Bengaluru, achieving sales bookings of Rs 500 crore within 30 days of launch. Towards the end of the quarter, the company launched Arvind Iconia in Vastrapur, Ahmedabad, recording sales bookings of Rs 81 crore.
For the first half of FY27, bookings reached Rs 1,338 crore, reflecting a 120 percent year-on-year growth, while collections increased 77 percent to Rs 754 crore. In September 2026, the company entered into a joint development agreement for a residential high-rise project on Sarjapur Road, Bengaluru, with an estimated revenue potential of Rs 470 crore. Total new business development for the first half of FY27 reached an estimated top-line potential of Rs 3,100 crore.
Priyansh Kapoor, Managing Director & CEO, Arvind SmartSpaces Ltd., said: “We are pleased to report our highest-ever quarterly and half yearly bookings as well as collections during the quarter, this achievement is driven by successful launches, strong sustenance engine and disciplined execution across our projects. We have also made strong progress on the business development front, adding projects having gross development value of ₹ 3,100 crore in the half year ended in September 2026.”
Kapoor added: “Looking ahead, we remain positive about the opportunities in our focus geographies. Our priority will be to convert our strong pipeline into launches and deliveries, while staying prudent on capital and uncompromising on governance. We are committed to creating enduring value for our customers, employees, shareholders and all stakeholders.”
