Q1 2025 Arvind Smartspaces Ltd Earnings Call Transcript
Key Points
- Arvind SmartSpaces Ltd (BOM:539301) reported a 49% improvement in Q1 FY25 bookings, reaching INR201 crore.
- Collections improved by 21% to INR248 crore during the quarter.
- The company added a combined top line of INR410 crore from two existing projects.
- Net debt position improved significantly, turning negative to INR58 crore as of June '24.
- The company has a strong business development pipeline and is looking to add new projects in the coming quarters.
- Revenue for Q1 FY25 was INR75 crore, up only 11% year-on-year, which may be considered modest growth.
- EBITDA for Q1 amounted to INR8 crore, indicating relatively low profitability.
- PAT for Q1 was INR5 crore, which might be seen as underwhelming given the company's scale.
- Some projects, like the Sarjapur project in Bengaluru, are progressing slower than expected.
- The company faces challenges in maintaining high margins due to the variability in quarterly performance.
Ladies and gentlemen, good day, and welcome to the Q1 FY25 Earnings Conference Call of Arvind SmartSpaces Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Amit Sharma from Adfactors PR. Thank you, and over to you, sir.
Thank you, Rhea. Good afternoon, everyone and thank you for joining us on the Q1 FY25 Results Conference Call of Arvind SmartSpaces Limited. We have with us today on the call, Mr. Kamal Singal, Managing Director, and CEO; Mr. Avinash Suresh, Chief Operating Officer; Mr. Mitanshu Shah, Chief Financial Officer; Mr. Prakash Makwana, Company Secretary; and Mr. Vikram Rajput, Head, Investor Relations.
Please note that a copy of the disclosures is available on the Investors section of the website of Arvind SmartSpaces Limited as well as on the stock exchanges. Please do note that anything said on this call that reflects the outlook towards the future, which would be construed as a forward-looking statement must be reviewed
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