Arvind SmartSpaces Ltd - 539301 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
We are attaching herewith transcript of the conference call with analysts / investors held on Monday, 7th November, 2022 to discuss Q2 & H1 FY23 Results of the Company. 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, the link of audio recording of conference call with analysts / investors held today i.e. Monday, 7th November, 2022 to discuss Q2 & H1 FY23 Results of the Company. Arvind SmartSpaces Ltd - 539301 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation - Financial Results for quarter and half year ended on 30/09/2022 Q2FY23 Quarterly Result Announced for Arvind SmartSpaces Ltd.
Realty company Arvind SmartSpaces announced Q2FY23 results: Q2FY23 Bookings grew 3% YoY to Rs. 189 crore Successfully launched Fruits of Life, Ahmedabad with launched inventory sold within 36 hours Acquired 2 additional new projects measuring 27 acres and 18 acres each in Bangalore with a cumulative potential topline of ~Rs. 400 crore Q2FY23 Revenue increased 96% YoY to Rs. 50 crore Q2FY23 PAT increased 79% YoY to Rs. 4.8 crore Commenting on the Q2 & H1 FY23 performance, Mr. Kamal Singal, Managing Director and CEO, of Arvind SmartSpaces commented, “Q2FY23 has been an eventful quarter for the Company with traction across business development, launches and bookings. Bookings performance remained healthy despite a seasonally muted quarter, with momentum across sustenance as well as new launches. During the quarter, two projects were launched in Ahmedabad, the first being Fruits of Life which witnessed an overwhelming response with the entire launched inventory of Rs. 90 crore sold within 36 hours. The acquisition to launch cycle in this project is noteworthy, just around three months. The second project was Forrester 5, which was launched towards the end of the quarter and witnessed healthy traction with higher price realizations. We are happy to share the acquisition of our 9th and 10th projects in Bengaluru. Bengaluru is our second home market where Arvind group has significant operations and human capital. Over the years, Arvind SmartSpaces has leveraged the Group’s brand equity in Bengaluru and has built a meaningful presence. We are excited about the progress of our partnership with HDFC. Within a short span of two months, we have already added two projects to our portfolio through this platform. The 27 acres project is the second acquisition under the newly created HDFC Platform II. The real estate sector prospects remain strong with cohesive improvement in demand, supply and prices across markets. The housing cycle has remained positive, especially for organized players with an established track record of design and execution. We look forward to leveraging our brand and strong balance sheet to further expand the portfolio of projects in our focus markets of Bengaluru, Ahmedabad, Pune and MMR in line with our growth aspirations. The remainder of the year should witness an improvement in our performance across parameters and we expect to end the year on a strong note.” Result PDF Arvind SmartSpaces Ltd - 539301 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Media Release for Q2 FY23 Financial Results Arvind SmartSpaces Ltd - 539301 - Financial Result For The Quarter And Half Year Ended On 30/09/2022
Financial Result for the quarter and half year ended on 30/09/2022 Arvind SmartSpaces Ltd - 539301 - Board Meeting Outcome for Outcome Of Board Meeting
Outcome of Board Meeting held on 04/11/2022 Arvind SmartSpaces Ltd - 539301 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
We hereby inform you that the Company will hold conference call with investors / analysts on Monday, 7th November, 2022 at 12:00 PM to discuss Q2 & H1 FY23 Results of the Company as per the schedule enclosed herewith. Arvind SmartSpaces Ltd - 539301 - Update on board meeting
Arvind Smartspaces Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2022 ,inter alia, to consider and approve Further to our letter dated 28th October, 2022 and in terms of Regulation 29 and Regulation 50 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the meeting of the Board of Directors of the Company is scheduled to be held on Friday, 4th November, 2022 inter alia to consider a proposal to raise funds by way of issuance of debt securities including but not limited to senior, secured, rated, listed, redeemable non-convertible debentures on private placement basis upto Rs. 150 Crores subject to the borrowing limits of the Company as approved by the shareholders. Arvind SmartSpaces Ltd - 539301 - Board Meeting Intimation for Approval Of The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ended On 30Th September, 2022.
Arvind Smartspaces Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2022 ,inter alia, to consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended on 30th September, 2022.