Arvind SmartSpaces Ltd's Q3FY25 Quarter Results
Arvind SmartSpaces Ltd's revenue increased 149.3% YoY
- 30 Jan 2025
Result Summary
- Arvind SmartSpaces Ltd reported a 20.0% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 149.3%.
- Its expenses for the quarter were down by 23.5% QoQ and up 130.6% YoY.
- The net profit increased 17.8% QoQ and increased 330.8% YoY.
- The earnings per share (EPS) of Arvind SmartSpaces Ltd stood at 10.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 215.47 | 269.28 | 86.42 | -20.0% | 149.3% |
Total Expenses | 157.07 | 205.44 | 68.10 | -23.5% | 130.6% |
Profit Before Tax | 58.40 | 63.84 | 18.33 | -8.5% | 218.6% |
Tax | 8.21 | 21.24 | 6.68 | -61.3% | 22.9% |
Profit After Tax | 50.19 | 42.60 | 11.65 | 17.8% | 330.8% |
Earnings Per Share | 10.30 | 8.80 | 2.00 | 17.0% | 415.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
## Company Overview
Arvind SmartSpaces Ltd is a real estate development company known for its residential and commercial projects. The company operates within the real estate sector, focusing on creating urban living spaces with quality construction and design. It is part of the larger Lalbhai Group, which has a legacy in textiles and other industries. As a player in the real estate market, Arvind SmartSpaces is involved in developing residential apartments, villas, and commercial properties across various regions in India. Recent developments in the company might include new project launches or strategic partnerships, but specific details are not provided.
## Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Arvind SmartSpaces Ltd reported total income of ₹215.47 crores. This represents a decrease of 20.0% compared to the previous quarter (Q2FY25), where total income was ₹269.28 crores. However, when comparing year-over-year, there is a significant increase of 149.3% from the ₹86.42 crores reported in Q3FY24. These figures highlight the fluctuations in the company's revenue generation across different periods, with a notable growth on an annual basis.
## Profitability
For the same quarter, the company's profit before tax was ₹58.40 crores, marking a decrease of 8.5% from the previous quarter's figure of ₹63.84 crores. On a year-over-year basis, there is a substantial increase of 218.6%, up from ₹18.33 crores in Q3FY24. The tax expense for Q3FY25 was significantly lower at ₹8.21 crores, a 61.3% decrease from Q2FY25, contributing to a profit after tax of ₹50.19 crores. This profit after tax represents a 17.8% increase quarter-over-quarter and a massive 330.8% increase year-over-year, reflecting strong profitability improvements.
## Operating Metrics
The company reported earnings per share (EPS) of ₹10.30 in Q3FY25, reflecting a 17.0% increase from ₹8.80 in Q2FY25. When compared to the same quarter in the previous year, the EPS has increased by 415.0% from ₹2.00 in Q3FY24. Total expenses for Q3FY25 were ₹157.07 crores, down 23.5% from the previous quarter, yet up 130.6% year-over-year from ₹68.10 crores. These operating metrics show the company's ability to manage expenses effectively while enhancing shareholder value through increased earnings per share.
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