Arvind SmartSpaces Limited (ASL), announced its financial results for the quarter and full year ended March 31, 2023. Performance summary of FY23 was bookings grew by 33% YoY; Rs. 802 Cr vs. Rs. 601 Cr last year. Collections increased by 1% YoY, Rs. 600 Cr vs Rs. 595 Cr last year.
Revenue from Operations stood at Rs. 256 Cr vs. Rs. 257 Cr last year. EBITDA amounted to Rs. 49 Cr vs. Rs. 49 Cr last year .PAT grew by 2% YoY, Rs. 26 Cr as against Rs. 25 Cr last year. Net Interest-bearing funds as on Mar 31, 2023 is Rs -30 Cr (vs Mar 31, 2022 Rs -107 Cr) increased by Rs 77 Crs 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 top line of ~Rs. 930 cr during the year. Added 60 acres with a topline of Rs. 600 Crs in Bangalore - Doddaballapur Road, North Bangalore and Sarjapura. Added 125 acres with a topline of Rs. 330 crores in Ahmedabad – Fruits of Life and South Ahmedabad. It launched three projects successfully during FY23 including Arvind Greatlands, Fruits of Life and Forreste 5 which contributed 56% of booking value for FY23.
Bookings grew by 33% YoY; Rs. 802 Cr vs. Rs. 601 Cr last year. Collections increased by 1% YoY, Rs. 600 Cr vs Rs. 595 Cr last year. Revenue from operations stood at Rs. 256 Cr vs. Rs. 257 Cr last year. The EBITDA amounted to Rs. 49 Cr vs. Rs. 49 Cr last year.
PAT grew by 2% YoY, Rs. 26 Cr as against Rs. 25 Cr last year. Net Interest-bearing funds as on Mar 31, 2023 is Rs -30 Cr (vs Mar 31, 2022 Rs -107 Cr) increased by Rs 77 Cr during the year due to increased business development.
It acquired new projects with an expected topline of ~Rs. 930 cr during the year. It added 60 acres with a topline of Rs. 600 crore in Bangalore - Doddaballapur Road, North Bangalore and Sarjapura. It added 125 acres with a topline of Rs. 330 crore in Ahmedabad – Fruits of Life and South Ahmedabad. It launched three projects successfully during FY23 including Arvind Greatlands, Fruits of Life and Forreste 5 which contributed 56% of booking value for FY23.
