Q1 2027 Arvind Smartspaces Ltd Earnings Call Transcript
Key Points
- Pre-sales grew 147% year-on-year to INR 432 crores, marking the highest quarterly GDV booked in RBD.
- Collections grew 76% year-on-year to INR 336 crores, with net operating cash flows of INR 81 crores in Q1 FY27.
- Credit rating upgraded to AA with a stable outlook by India Ratings, enhancing financial flexibility.
- Added projects with an aggregate GDV of approximately INR 2,600 crores, including a redevelopment project in Goregaon, Mumbai.
- Strong launch pipeline with six projects planned, targeting INR 3,000-3,500 crores in fresh supply, and guidance for 35%-40% bookings growth for FY27.
- Revenue recognition remains sporadic and approval-linked, making it difficult to provide precise annual guidance.
- Net debt to equity increased to 0.29 times as the company continues to invest for growth, though still within comfort levels.
- Operating cash flow generation appears to be flattening over the last two years, with Q1 OCF of INR 81 crores in line with a targeted INR 400-500 crores for the year.
- Labor costs are on the uptick due to high construction activity, though not currently impacting project profitability.
- Price appreciation in the real estate market is expected to moderate, reducing reliance on price hikes for underwriting new projects.
Ladies and gentlemen, good day and welcome to Arvind Smart Space Limited Q1 FY27 Earnings Conference Call.
(Operator Instructions)
I now hand over the conference to Mr. Satyaprakash Mishra, Group Head, Investor Relations.
Thank you.
And over to you sir.
Thank you Pari. Good evening everyone and thank you for joining us the quarter 1 FY27 results conference call for Arvind Smart Spaces Limited.
The financial results for the quarter and related presentations were uploaded to our website as well as on the stock exchanges. Hope you had enough time to go through it. Before we begin, let me introduce the management team. Joining me today on the call is our Chairman, Mr. Kulin Lalbhai, Mr. Priyansh Kapoor, our managing director and CEO. We also have Mr. Amit Chamaria, the CFO of the company.
Please note.
That anything said on this call that reflects the outlook towards the future should be construed as a forward-looking statement
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
