Arvind Smarspaces Ltd was incorporated as “Arvind Infrastructure Limited” in 2008 in Ahmedabad as a wholly-owned subsidiary of Arvind Limited. The company was incorporated with the objective of doing a real estate/infrastructure development business.
Arvind Smartspaces is the real estate arm of the Lalbhai Group, a $2 billion dollar conglomerate. ASL is currently executing 9 projects through its own land, JVs and Joint Development model. ASL has also successfully executed 9 projects to date.
Financial Results:
Arvind SmartSpaces Ltd reported Revenues for Q1FY24 of ₹66.84 Crores up from ₹60.26 Crore year on year, a rise of 10.92%.
Total Expenses for Q1FY24 of ₹55.99 Crores up from ₹51.69 Crores year on year, a rise of 8.32%.
Consolidated Net Profit of ₹9.10 Crores up 23.14% from ₹7.39 Crores in the same quarter of the previous year.
The Earnings per Share is ₹1.77, up 3.51% from ₹1.71 in the same quarter of the previous year.
*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.