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 Q2FY24 of ₹73.00 Crores up from ₹50.00 Crore year on year, a rise of 46.0%.
Total Expenses for Q2FY24 of ₹59.00 Crores up from ₹44.00 Crores year on year, a rise of 34.09%.
Consolidated Net Profit of ₹11.00 Crores up 120.0% from ₹5.00 Crores in the same quarter of the previous year.
The Earnings per Share is ₹1.91, up 73.64% from ₹1.10 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.