Quarterly & Annual Financial Results
Arvind SmartSpaces Reports Record FY26 Bookings of ₹1,550 Crore; Recommends Final Dividend of ₹2.25 Per Share
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Arvind SmartSpaces Limited reported its highest-ever annual booking value of ₹1,550 crore for FY26, reflecting a 22% YoY growth. The company also achieved record annual collections of ₹1,100 crore and strong quarterly bookings of ₹612 crore during Q4FY26. The board recommended a final dividend of ₹2.25 per equity share while continuing aggressive expansion across Bengaluru, Mumbai, Ahmedabad and Vadodara markets.
PRICE-SENSITIVE TRIGGER
Event: Announcement of Audited Q4 & FY26 Financial Results
Type: Quarterly & Annual Financial Results
Impact: Positive
Immediate Effect: The company reported record booking values, collections, cash flows and strategic project additions, strengthening growth visibility and expansion pipeline across major real estate markets.
Key Metrics:
- FY26 Annual Booking Value: ₹1,550 Crore
- YoY Growth in Annual Bookings: 22%
- FY26 Annual Collections: ₹1,100 Crore
- YoY Growth in Collections: 17%
- Highest Ever Quarterly Booking Value (Q4FY26): ₹612 Crore
- YoY Growth in Q4 Bookings: 61%
- Highest Ever Quarterly Collections: ₹355 Crore
- YoY Growth in Q4 Collections: 65%
- FY26 Revenue from Operations: ₹564 Crore
- FY26 Adjusted EBITDA: ₹156 Crore
- FY26 PAT: ₹103 Crore
- Q4FY26 Revenue from Operations: ₹155 Crore
- Q4FY26 PAT: ₹44.2 Crore
- YoY Growth in Q4 PAT: 103%
- FY26 Net Operating Cash Flow: ₹417 Crore
- Estimated Topline Potential Added During FY26: ₹3,140 Crore
- Mumbai Project Topline Potential Signed Post FY-End: ₹2,400 Crore
- Recommended Final Dividend: ₹2.25 per share
- Face Value Per Share: ₹10
Highlight Metric:
- Arvind SmartSpaces achieved its highest-ever annual booking value of ₹1,550 crore in FY26 while significantly strengthening its future project pipeline with ₹3,140 crore estimated topline additions.
What Happened ?
Arvind SmartSpaces Limited announced its audited financial results for Q4 and FY26, reporting record operational and financial performance across bookings, collections and project expansion.
The company delivered annual booking value of ₹1,550 crore, up 22% YoY, while annual collections rose 17% YoY to ₹1,100 crore. Q4FY26 performance was particularly strong with quarterly bookings touching ₹612 crore and collections reaching ₹355 crore, both highest ever for the company.
Management highlighted strong traction across key markets, especially Bengaluru, which contributed ₹485 crore and accounted for 31% of annual bookings. The company also generated net operating cash flows of ₹417 crore during FY26.
Arvind SmartSpaces aggressively expanded its development pipeline during the year by adding projects with cumulative estimated topline potential of ₹3,140 crore. It entered the Mumbai residential market through a premium redevelopment project in Santacruz and further strengthened its Bengaluru footprint through acquisitions in Sarjapur and Whitefield.
Post year-end, the company signed its largest-ever high-rise project in Mumbai with topline potential of approximately ₹2,400 crore.
The Board of Directors also recommended a final dividend of ₹2.25 per equity share.
Key Details
Operational Performance & Business Expansion:
- Highest-ever annual booking value achieved:
- ₹1,550 crore
- Highest-ever quarterly booking value achieved:
- ₹612 crore
- Annual collections reached:
- ₹1,100 crore
- Quarterly collections reached:
- ₹355 crore
- FY26 PAT:
- ₹103 crore
- Q4FY26 PAT:
- ₹44.2 crore
- Bengaluru contributed:
- ₹485 crore
- 31% of annual bookings
- Net operating cash flow during FY26:
- ₹417 crore
- Added projects with estimated topline potential:
- ₹3,140 crore
- Entered Mumbai residential apartment market:
- Santacruz premium redevelopment project
- Bengaluru expansion:
- Sarjapur Road project
- Whitefield project
- Ahmedabad expansion:
- High-rise development at Vastrapur
- Signed post year-end Mumbai project:
- Goregaon high-rise development
- Topline potential of ₹2,400 crore
- Recommended final dividend:
- ₹2.25 per equity share
Note:
- Management stated that strong demand across existing and newly launched projects validates the company’s market selection strategy and product positioning across high-growth urban micro-markets.
Risk Analysis
Summary:
- Despite strong operational momentum, the company remains exposed to cyclical real estate demand, execution risks and interest rate sensitivity in the housing market.
Key Risks:
- Real estate demand may weaken if interest rates remain elevated.
- Execution delays in newly acquired projects could affect cash flows.
- Expansion into premium markets increases capital allocation risk.
- Regulatory approvals and redevelopment clearances may impact timelines.
- Rising construction costs may pressure margins.
Worst Case Scenario:
- If residential demand slows significantly or project execution faces delays, bookings and collections growth could moderate, impacting profitability and cash generation.
Risk Level: Medium
Company Commentary
- Management described FY26 as a landmark year marked by record bookings and strategic expansion.
- The company highlighted strong traction in newly launched projects and newer geographies.
- Bengaluru continued to be a key growth engine for the business.
- Management stated that the company remains optimistic about long-term demand for branded real estate developers.
- The company reiterated focus on disciplined capital allocation and sustainable long-term value creation.
- Arvind SmartSpaces emphasized strengthening presence across MMR, Bengaluru and Ahmedabad markets for future growth.
Official Exchange Filing: Arvind SmartSpaces Limited