Arvind SmartSpaces Ltd - 539301 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are attaching herewith transcript of the conference call with analysts / investors held on Friday, 19th May, 2023 to discuss Q4 & FY 23 Results of the Company. Arvind SmartSpaces Ltd - 539301 - Announcement under Regulation 30 (LODR)-Newspaper Publication
We enclose herewith the copies of the newspaper advertisement published on 23rd May, 2023 in the Financial Express (In English - All India edition and in Gujarati - Ahmedabad Edition) in respect of Postal Ballot Notice and Remote e-Voting information. Arvind SmartSpaces Ltd - 539301 - Announcement under Regulation 30 (LODR)-Investor Presentation
We are attaching herewith revised Information Update / Investor Presentation for the quarter and year ended on 31st March, 2023. Arvind SmartSpaces Ltd - 539301 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, we hereby inform you that the Company has received requests for issue of duplicate share certificates in lieu of the old certificates which have been reported lost/ misplaced by the shareholder. The details for the same are mentioned in the letter. Arvind SmartSpaces Ltd - 539301 - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
We are enclosing herewith Postal Ballot Notice dated 19th May, 2023 ('Notice') for seeking approval of the Members of the Company on the Ordinary resolutions forming part of the Notice, pertaining to material related party transactions to be entered into by the Company/ Subsidiary. Arvind SmartSpaces Ltd - 539301 - Announcement under Regulation 30 (LODR)-Newspaper Publication
We enclose herewith the copies of the newspaper advertisement published on 20th May, 2023 in the Financial Express (In English - All India edition and in Gujarati - Ahmedabad Edition) in respect of the extract of the financial results of the Company for the quarter and year ended on 31st March 2023. Arvind SmartSpaces Ltd - 539301 - Corporate Action-Board approves Dividend
We hereby inform you that the Board of Directors of the Company at its meeting held today i.e. 19th May, 2023, recommended the following dividend for the financial year ended 31st March, 2023, subject to the approval of the shareholders of the Company at the ensuing Annual General Meeting ('AGM'): a) Final dividend of Rs. 1.65/- per equity share of the face value of Rs.10/- each; b) One-time special dividend of Rs. 1.65/- per equity share of the face value of Rs.10/- each. Accordingly, the total dividend for the financial year ended on 31st March, 2023 amounts to Rs. 3.30/- per equity share of the face value of Rs. 10/- each. Arvind SmartSpaces Ltd - 539301 - Disclosure Of Related Party Transactions Pursuant To Regulation 23(9) Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 ("Listing Regulations").
Pursuant to Regulation 23(9) of the Listing Regulations we submit the disclosure of Related Party Transactions for the half year ended on 31st March, 2023. Arvind SmartSpaces Ltd - 539301 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
We are submitting outcome of conference call with Analysts / Investors - audio recording on 19-05-2023. Q4FY23 Quarterly & FY23 Annual Result Announced for Arvind SmartSpaces Ltd.
Realty company Arvind SmartSpaces announced Q4FY23 & FY23 results: Q4FY23: Bookings grew by 63% YoY; Rs 244 crore vs Rs 150 crore in Q4FY22 Collections increased by 17% YoY, Rs 188 crore vs Rs 160 crore in Q4FY22 Revenue from Operations stood at Rs 93 crore vs Rs 161 crore in Q4FY22 EBITDA stood at Rs 20 crore vs Rs 22 crore in Q4FY22 PAT amounted to Rs 9 crore as against Rs 14 crore in Q4FY22 Arvind Greatlands Phase 2 launched on March 26, 2023 received a remarkable response. Witnessed bookings of Rs 100 crore (the entire launched inventory) within 7 hours. Added ~7 acres to the Doddaballapur Road, project. The size of the project has increased to 41 acres with a topline of ~Rs 388 crore. This project is under HDFC Platform 2. This is ASL’s 9th project in Bangalore. There is a potential opportunity to increase the size of the project significantly by 1.7X subject to technical due diligence. Added ~2 acres to the Sarjapura project. The size of the project has increased to 19 acres with a topline of ~Rs 670 crore. FY23: Bookings grew by 33% YoY; Rs 802 crore vs. Rs 601 crore in FY22 Collections increased by 1% YoY, Rs 600 crore vs Rs 595 crore in FY22 Revenue from Operations stood at Rs 256 crore vs. Rs 257 crore in FY22 EBITDA amounted to Rs 49 crore vs. Rs 49 crore in FY22 PAT grew by 2% YoY, Rs 26 crore as against Rs 25 crore in FY22 Net Interest-bearing funds as on Mar 31, 2023 is Rs -30 crore (vs Mar 31, 2022 Rs -107 crore) increased by Rs 77 crore during the year due to increased business development. Net Debt (Interest-bearing funds) to Equity ratio at (0.07) as on Mar 31, 2023 vs (0.26) on Mar 31, 2022. Acquired new projects with an expected topline of ~Rs 930 crore during the year Added 60 acres with a topline of Rs 600 crore in Bangalore - Doddaballapur Road, North Bangalore and Sarjapura Added 125 acres with a topline of Rs 330 crore in Ahmedabad – Fruits of Life and South Ahmedabad Launched three projects successfully during FY23 including Arvind Greatlands, Fruits of Life and Forreste 5 which contributed 56% of booking value for FY23 Commenting on the Q4 & FY23 performance, Kamal Singal, Managing Director and CEO, Arvind SmartSpaces said, “We are delighted to inform that the company has recorded the highest ever annual bookings of Rs 802 crore, a growth of 33% over FY22. For the first time, number of units sold crossed 1,100 units milestone annually. Brand Arvind continues to resonate strongly with homebuyers across Ahmedabad and Bangalore markets. This is evident from the stellar performance of our new launches including Fruits of Life, Forreste V and Greatlands, which contributed 56% of our booking value for FY23. From a quarterly perspective, we had the strongest ever Q4 bookings at Rs 244 crore, second consecutive quarter with Sales Value of over Rs 200 crore. Our Bangalore presence has strengthened further, reporting our highest ever sales value at Rs 463 crore in FY23, up 228% YoY, contributing 58% to the total annual bookings. Both the phases of Greatlands have received overwhelming response from customers. Bangalore region is shaping up well, and we expect it to get stronger in the coming years with increased launches and business development activities. Both FY23 and Q4 Collections were the highest ever in the company’s history, a result of efficient execution of the virtuous process of focus on sales, registrations, construction and deliveries. Strong collections and profitability resulted in operating cash flows of more than Rs 200 crore. Despite increased investments in Business Development activities our Net Debt remained negative at Rs (30) crore, on account of significant internal accruals. As a company, the focus always remains on shareholder value croreeation. We are happy to share the Board of Directors recommended a final dividend of Rs 1.65/- per equity share and one-time special dividend of Rs 1.65/- per equity share, totalling to a dividend of Rs 3.30/- per equity share of face value of Rs 10/- each. The momentum in the Indian housing market continued with rise in residential sales, decline in inventory levels and appreciation in capital values across major cities. Going forward, we are set to expand our portfolio of projects with several launches lined up across a range of micro markets in Ahmedabad and Bengaluru. Our investment program of Rs 1,000 crore is very much on track and we look forward towards its deployment in business development activities in the coming quarters. FY24 is expected to be year of new launches, project additions and bigger milestones for ASL, we are set to scale up faster while maintaining our financial discipline.” Result PDF