Arvind SmartSpaces Ltd
Arvind SmartSpaces Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹141Cr
- −47% YoY
- Net profit
- ₹18Cr
- −58.1% YoY
- Margin
- 21%
- −4 pp YoY
Guidance rank: #17 of 41 in Realty
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The short version
The company aims for a sales growth guidance of 30%-35% for the year, with confidence in meeting this target, especially due to strong absorption rates in recent launches. Arvind SmartSpaces aims to elevate its brand as a trusted, design-led national real estate leader focused on sustainable, scalable, stakeholder-focused growth (Page 22).
From Arvind SmartSpaces Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The company aims for a sales growth guidance of 30%-35% for the year, with confidence in meeting this target, especially due to strong absorption rates in recent launches.
- A healthy pipeline of 4-5 projects is planned for H2 FY26, with launches expected mainly in Q3 and Q4, targeting around Rs. 3,000 crore in GDV.
- Focus on expanding geographic footprint in high-potential micro markets like Gujarat, Bengaluru, and Mumbai.
- Execution speed is expected to double in H2, supported by strengthened teams and processes.
- The business is building systems and technology gradually to balance launches and sustenance sales for increased predictability.
2 more points from Arvind SmartSpaces Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- Arvind SmartSpaces continues to focus on business development (BD) with a targeted project pipeline of Rs. 4,000 crore to Rs. 5,000 crore in potential launches.
- The company maintains a preferred project size of Rs. 500 crore to Rs. 1,000 crore, focusing on launches across Baroda, Bangalore, Mumbai, and industrial projects.
- They are open to a mix of ownership and Joint Development Agreements (JDAs), emphasizing an asset-light model for capital efficiency and scalability.
- The balance sheet is strong and currently cash-rich, with the company comfortable to take Rs. 300-400 crore debt if required.
- Planned launches in H2 FY26 include 4-5 projects totaling close to Rs. 3,000 crore in GDV.
2 more points from Arvind SmartSpaces Ltd's call on capex
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Top-ranked in Realty
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- The company has a healthy pipeline for H2 FY26 with 4-5 projects in advanced approval stages including two projects in Bangalore, one in Baroda, one in Mumbai (Pen-Khopoli), and an industrial project.
- Target launch pipeline for FY26 is close to Rs. 3,000 crore of stock.
- The business development (BD) pipeline targets adding around Rs. 4,000 crore in project acquisitions, independent of launch timings.
- The company is actively evaluating multiple assets in Mumbai and other markets, maintaining a selective and strategic approach.
2 more points from Arvind SmartSpaces Ltd's call on order book
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Arvind SmartSpaces Ltd — Quarterly revenue & net profit
Arvind SmartSpaces Ltd Q2 FY26 results — key figures
| ₹ Cr | Q2 FY26 | Q2 FY25 | YoY | Q1 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 141 | 266 | -47% | 102 | +38.2% |
| Operating profit (EBITDA) | 30 | 66 | -54.5% | 21 | +42.9% |
| Operating margin | 21% | 25% | -4 pp | 21% | 0 pp |
| Profit before tax | 25 | 64 | -60.9% | 17 | +47.1% |
| Net profit (PAT) | 18 | 43 | -58.1% | 12 | +50% |
| EPS (₹) | 3.09 | 8.93 | -65.4% | 2.44 | +26.6% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹157 Cr, net profit ₹23 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Arvind SmartSpaces's management said in earlier quarters
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Q2-FY26 Operating Revenues: INR 1,227 Mn, up 9.7% YoY from INR 1,118 Mn in Q2-FY25 (Page 25). Key investor presentation takeaways from Arihant Superstructures L
- Man Infra (Q2 FY26)
Q2 FY26 Revenue from operations (Standalone): ₹57.7 Cr vs ₹70.6 Cr in Q2 FY25 (decline) . Key investor presentation takeaways from Man Infraconstruction Ltd's Q
- P.E. Analytics (Q2 FY26)
Consolidated revenue for H1 FY26: ₹2,54,123 thousand, a slight decrease of 0.85% year-on-year (H1 FY25: ₹2,56,292 thousand). Key investor presentation takeaways
Potential multibaggers · Q2 FY27
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Arvind SmartSpaces Ltd Q2 FY26 results?
The company aims for a sales growth guidance of 30%-35% for the year, with confidence in meeting this target, especially due to strong absorption rates in recent launches. Arvind SmartSpaces aims to elevate its brand as a trusted, design-led national real estate leader focused on sustainable, scalable, stakeholder-focused growth (Page 22).
What is Arvind SmartSpaces Ltd share price analysis?
Arvind SmartSpaces Ltd currently shows a neutral. The stock trades at a P/E of 16.3 with a market cap of ₹3,009 Cr. Investors should review the full earnings analysis for detailed insights.
Is Arvind SmartSpaces Ltd planning capital expenditure?
Arvind SmartSpaces continues to focus on business development (BD) with a targeted project pipeline of Rs. 4,000 crore to Rs. 5,000 crore in potential launches.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.