In This Article:
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Q3 Bookings: 224 crores, compared to 280 crores in the same period last year.
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Q3 Collections: 229 crores, up 18% year-on-year from 194 crores.
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9-Month Booking Value: 890 crores, a 14% year-on-year increase.
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9-Month Collections: 725 crores, a 10% year-on-year growth.
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9-Month Revenue: 550 crores, up 146% year-on-year.
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9-Month EBITDA: 252 crores, a 166% year-on-year increase.
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9-Month PAT: 97 crores, up 208% year-on-year.
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Q3 Revenue: 210 crores, a 49% year-on-year increase.
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Q3 EBITDA: 60 crores, up 188% year-on-year.
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Q3 PAT: 50 crores, a 331% year-on-year increase.
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Net Debt: Negative at 196 crores.
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Q3 Operating Cash Flows: 74 crores.
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9-Month Operating Cash Flows: 277 crores.
Release Date: January 30, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Arvind SmartSpaces Ltd (BOM:539301) reported a significant increase in revenue, up by 146% year-on-year for the nine months, reaching around 550 crores.
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The company achieved a strong growth in collections, increasing by 18% year-on-year to 229 crores in Q3 FY25.
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Arvind SmartSpaces Ltd (BOM:539301) has a robust project pipeline with a topline potential of approximately 3,850 crores.
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The company has successfully entered the MMR region with a significant 1,500 crore horizontal project, marking a milestone in its growth journey.
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The balance sheet remains strong with net debt negative at 196 crores, reflecting solid underlying business performance and healthy operating cash flows.
Negative Points
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Sales bookings for Q3 FY25 were down 20% compared to the same period last year, primarily due to delays in project launches in Bangalore.
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The launch of a major project in Bangalore has been delayed due to regulatory and legal issues, potentially impacting sales targets.
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There is a possibility of a 10% impact on growth targets for the current year if the delayed project launch does not occur as planned.
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The company faces challenges in the Surat project due to technical and legal issues, delaying its launch by a couple of quarters.
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Despite strong financial performance, there is a concern about the slower sales in certain micro-markets, particularly in the villa segment.
Q & A Highlights
Q: Are there any slowdowns in ongoing projects or new bookings? A: Kamal Singal, CEO, explained that while there was a 14% increase in bookings year-on-year, a project launch in Bangalore was delayed due to regulatory issues, not demand. The company aims for a 25% growth, but the delay might impact this year's growth by about 10%.