Arvind SmartSpaces Ltd - 539301 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
We wish to inform you that the Company has issued duplicate share certificates in lieu of old certificates reported lost/misplaced by the shareholders. Arvind SmartSpaces Ltd - 539301 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
We hereby submit the schedule of Analyst meet / Investor meet to be held on 24th May, 2024. Arvind SmartSpaces Ltd - 539301 - Compliances-Reg.24(A)-Annual Secretarial Compliance
We are enclosing herewith Annual Secretarial Compliance Report for the FY 2023-24 issued by M/s. N V Kathiria & Associates, Practicing Company Secretaries, Ahmedabad. Arvind SmartSpaces Ltd - 539301 - Announcement under Regulation 30 (LODR)-Investor Presentation
We are attaching herewith revised Information Updates/Investor Presentation for Q4 & FY24 as there was an inadvertent typographical error in Megatrade Project in Slide No. 15 & 16. Arvind SmartSpaces Ltd - 539301 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
We are forwarding herewith intimation regarding loss of share certificate received from Link intime India Private Limited, Registrar and share transfer agent of the Company. 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 Tuesday, 7th May, 2024 to discuss Q4 FY24 Results of the Company. Arvind SmartSpaces Ltd - 539301 - Announcement under Regulation 30 (LODR)-Allotment
We hereby inform you that the Company has allotted 1,18,000 Equity Shares of Rs. 10/- each under ASL ESOP 2016 scheme to the employees on 08-05-2024, pursuant to exercise of stock options granted to them. Arvind SmartSpaces Ltd - 539301 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Link for audio recording of conference call with analyst / investors held today i.e. Tuesday, 7th May, 2024 to discuss Q4 FY24 Results of the Company. Arvind SmartSpaces Ltd - 539301 - Announcement under Regulation 30 (LODR)-Newspaper Publication
We enclose herewith the copies of newspaper advertisement published on 7th May, 2024 in Financial Express, in respect of the extract of financial results of the Company for Q4FY24. Q4FY24 Quarterly & FY24 Annual Result Announced for Arvind SmartSpaces Ltd.
Realty company Arvind SmartSpaces announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Bookings grew by 32% YoY; Rs 323 crore vs. Rs 244 crore last year Collections increased by 14% YoY at Rs 215 crore vs Rs 188 crore last year Revenue from Operations grew by 27% YoY; Rs 117 crore vs. Rs 93 crore last year Adj. EBITDA grew by 38% YoY; Rs 28.6 crore vs. Rs 20.7 crore last year PAT grew by 67% YoY; Rs 15.5 crore as against Rs 9.3 crore last year Net Debt (Interest bearing funds) decreased to Rs (41) crore as on Mar 31, 2024 from Net debt of Rs (30) crore as on Mar 31, 2023. Net Debt (Interest-bearing funds) to Equity ratio stood at (0.10) as on Mar 31, 2024 as against (0.07) as on Mar 31, 2023 Arvind Orchards, Bengaluru launched during Q1 witnessed bookings of Rs 163 crore - booked entire released inventory for sale within 7 houRs Towards end of Q4 Launched Rhythm of Life, Laxmanpura achieving sales of over Rs 70 crore, which is ~75% of the launched inventory FY24 Financial Highlights: Bookings grew by 38% YoY; Rs 1,107 crore vs. Rs 802 crore last year Collections improved by 46%; Rs 876 crore vs Rs 600 crore last year Revenue from Operations grew by 33% YoY; Rs 341 crore vs. Rs 256 crore last year Adj. EBITDA grew by 57% YoY; Rs 85.5 crore vs. Rs 54.5 crore last year PAT grew by 62% YoY; Rs 41.6 crore as against Rs 25.6 crore last year During the year acquired new projects with a topline potential of Rs 4,150 crore - added four new projects in Ahmedabad, and one each in Bengaluru and Surat Commenting on the Q4 & FY24 performance, Kamal Singal, MD and CEO, Arvind SmartSpaces said, “We are pleased to share that FY24 has been a landmark year of the Company with milestones achieved across bookings, collections, and business development. The company has recorded the highest-ever annual bookings of Rs 1,107 crore, a growth of 38% YoY. Brand Arvind continues to be received strongly by homebuyers across newer micro markets. Our new launches including Uplands 2.0 & 3.0, Forest Trails, Arvind Orchards, and Rhythm Of Life, contributed ~70% of our booking value for FY24. Our Bangalore presence remains strong with bookings of Rs 420 crore contributing 38% to the total annual bookings. FY24 marked an orbital change in our Business Development efforts and we acquired new projects with an expected topline of ~Rs 4,150 crore as against Rs 930 crore in FY23. We have added four new projects in Ahmedabad, and one each in Bengaluru and Surat. We look forward to sustaining this momentum in the coming year as well. FY24 Collections at Rs 876 crore, a growth of 46% YoY were the highest ever in the Company’s history, a result of efficient execution of the virtuous process of sales, registrations, construction, and deliveries. Strong collections and profitability resulted in net operating cash flows of Rs 458 crore in FY24. Despite increased investments in Business Development activities, our Net Debt remained negative at Rs (41) crore, on account of significant internal accruals. As a company, the focus always remains on shareholder value creation. We are happy to inform that the Board of Directors has recommended a final dividend of Rs 2.5/- per equity share and a special dividend of Rs 1/- per equity share, totalling to a dividend of Rs 3.5/- per equity share of face value of Rs 10/- each. With an all-time low inventory overhang and a decade-high average pricing growth, demand optimism in the residential markets is likely to continue in the medium term. We are set to further deepen our presence in Gujarat, Bengaluru, and Maharashtra.” Result PDF