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Yes Securities Report
Arvind Smartspaces Ltd. closed the year with best ever annual presales of Rs 11.07 billion guided by the launch of four projects which contributed ~70% of total presales for FY24. In volume terms, Arvind Smartspaces achieved 7.4 million square feet (118% YoY) in FY24. For FY24, the company collected Rs 8.76 billion (46% YoY).
Company added four new projects in Ahmedabad, one in Bengaluru and Surat each, cumulative gross development value exceeding Rs 41.5 billion for FY24.
Even with substantial deployment towards the land, the company achieved operating CF of Rs 4.58 billion and was Rs 410 million net cash positive for the FY24.
Management reiterated to achieve 30-35% growth across all the matrix (presales, topline, Ebitda, business development, etc.) for FY25E.
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