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 Q4FY24 of ₹117.37 Crores up from ₹92.68 Crore year on year, a rise of 26.64%.
Total Expenses for Q4FY24 of ₹91.70 Crores up from ₹79.60 Crores year on year, a rise of 15.2%.
Consolidated Net Profit of ₹19.50 Crores up 86.07% from ₹10.48 Crores in the same quarter of the previous year.
The Earnings per Share is ₹3.42, up 66.83% from ₹2.05 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.