Arvind SmartSpaces Ltd - 539301 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of post results conference call with investors / analysts held on Friday, 28th January, 2022.02-02-2022
02-02-2022
Arvind SmartSpaces Ltd - 539301 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we hereby submit schedule of analyst/institutional investors meeting that the Company would be participating.29-01-2022
Q3FY22 Quarterly Result Announced for Arvind SmartSpaces Ltd.
Realty company Arvind SmartSpace announced Q3FY22 results: For YTD Dec - FY22: Fresh Sales grew by 40%; Rs 451 crore in YTD Dec FY22 vs. Rs 322 crore last year Revenue from Operations during YTD Dec FY22 Rs 95.6 crore vs. Rs 84.8 crore last year (13% Growth) EBITDA for YTD Dec FY22 is Rs 27.0 crore vs. Rs 25.7 crore last year (EBITDA Margin for YTD Dec FY22 28% vs. 30% last year) PAT for YTD Dec FY22 is Rs 11.1 crore as against Rs 2.2 crore last year (Up by Rs 8.9 crore) Collections during the nine months amounts to approx. Rs 434 crore vs Rs 192 crore last year New Launches during the nine months – Chirping Woods and Forreste Phase 4 in Ahmedabad comprising ~14 lacs sqft. For the Quarter – Q3FY22: Fresh Sales grew by 10% during Q3FY22; Rs 158 crore vs. Rs 144 crore last year Revenue from Operations during Q3FY22 Rs 42.9 crore vs. Rs 44.5 crore last year ( 3% decline) EBITDA for Q3FY22 is Rs 12.0 crore vs. Rs 14.4 crore last year (EBITDA Margin for Q3FY22 28% vs. 32% LY) PAT for Q3FY22 is Rs 5.9 crore as against Rs 5.0 crore last year (Growth 18%) Collection during the quarter amounts to approx. Rs 154 crore vs Rs 105 crore last year Net Interest bearing funds reduced to Rs (85) crore (Surplus Rs 85 crore as on Dec 31, 2021 from Net debt of Rs 26 crore as on Sep 30, 2021). This represents a negative net debt position reflecting surplus funds waiting to be invested in new projects. Commenting on the outcome of the Board Meeting, Mr. Kamal Singal, Managing Director and CEO, Arvind SmartSpaces commented, “We are extremely delighted to announce our second project in Pune market as we recently finalized a binding agreement for an outright purchase of 35 acres of land. This will be our first large horizontal residential development project in the city. After Bangalore and Ahmedabad, Pune and MMR are our new growth markets and we intend to increase our footprint in these markets by investing aggressively as part of our current investment cycle.” Mr. Singal further added, “The real estate segment has seen a strong revival with double digit growth in sales volume and launches during the quarter. Driven by strong product portfolio and some very successful recent launches, our fresh sales have continued to show a strong momentum with a growth of 10% YoY during Q3FY22 and 40% YoY during YTD Dec FY22. Our strong performance on collections coupled with proceeds from equity issuance on preferential basis to HDFC Capital Advisors and Promoters has enabled us to bring down our Net debt levels to negative at (0.21) which gives us a strong headroom to fund our next wave of growth. The Company is well poised to enter into next cycle of investments in new projects owing to very strong internal accruals, increased equity base and significant headroom available to raise fresh debt.” “The markets continue to perform strongly with volumes in the second half of the last calendar year equaling the highs last seen in the beginning of 2016. Developers with strong brand, corporate governance frameworks and strong execution track record will stand to benefit greatly from this resurgence in demand. The company is well poised to take advantage of such positive tailwinds and currently focused on investing in medium and large scale projects with state of the art designs and solutions. The recent addition of three new large-scale projects, the one at Devanahalli under HDFC Platform, another large residential villa project at Sarjapur, Bangalore and now at Bhugaon, Pune, indicate the beginning of our post pandemic fresh investment cycle. This is in line with our strategy of investing heavily in Pune and MMR markets besides deepening our penetration in our key geographies of Bangalore and Ahmedabad.” Mr. Singal said. Result PDF28-01-2022
Arvind SmartSpaces Ltd - 539301 - Announcement under Regulation 30 (LODR)-Investor Presentation
We are attaching herewith the Information Update / Investor Presentation for the quarter ended on 31st December, 2021.28-01-2022
Arvind SmartSpaces Ltd - 539301 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Media Release - Financial performance for the quarter and nine months ended 31st December, 2021.28-01-2022
Arvind SmartSpaces Ltd - 539301 - Financial Results For Q3 FY22.
We hereby inform you that the Board of Directors of the Company at its meeting held today i.e. 28th January, 2022 has approved the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended on 31st December, 2021.28-01-2022
Arvind SmartSpaces Ltd - 539301 - Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E. 28Th January, 2022.
We hereby inform you that the Board of Directors of the Company at its meeting held today i.e. 28th January, 2022 has approved the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended on 31st December, 2021.28-01-2022
Arvind SmartSpaces Ltd - 539301 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Company will hold post results conference call with investors / analysts on Friday, 28th January, 2022 at 4:30 PM to discuss Q3 FY22 Results of the Company as per the schedule enclosed herewith.25-01-2022
Arvind SmartSpaces Ltd - 539301 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Company will hold post results conference call with investors / analysts on Friday, 28th January, 2022 at 4:30 PM to discuss Q3 FY22 Results of the Company as per the schedule enclosed herewith.24-01-2022
Arvind SmartSpaces Ltd - 539301 - Board Meeting Intimation for Approval Of Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended On 31St December, 2021.
Arvind Smartspaces Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/01/2022 ,inter alia, to consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended on 31st December, 2021.20-01-2022