Arvind SmartSpaces Q4 profit more than doubles; approves ₹300 cr NCDs, declares ₹2.25 dividend

Realty firm Arvind SmartSpaces Ltd on Wednesday (May 20) reported a consolidated net profit of ₹42.3 crore for the fourth quarter, up 121.5% from ₹19.1 crore in the corresponding period last year.

Revenue declined 4.7% year-on-year to ₹155.4 crore from ₹163.1 crore. EBITDA rose 76.5% year-on-year to ₹59.3 crore from ₹33.6 crore, while EBITDA margin expanded to 38.2% from 20.6% in the year-ago period.

The board recommended a final dividend of ₹2.25 per equity share of face value ₹10, representing 22.5%, for the financial year ended March 31, 2026, subject to shareholder approval at the ensuing Annual General Meeting. The dividend will be paid or dispatched within 30 days of declaration.

Also Read: Arvind SmartSpaces signs Mumbai project with ₹2,400 crore revenue potential

The company also approved a proposal to raise up to ₹300 crore through the issuance of debt securities, including listed, rated, secured, redeemable non-convertible debentures on a private placement basis, subject to shareholder-approved borrowing limits.

In addition, Arvind SmartSpaces, through its wholly owned subsidiary Arvind SmartHomes Private (ASHPL), will enter into an arrangement with HDFC Capital Advisors to create a new platform under HDFC Capital Development of Real Estate Affordable and Mid-income Fund – 2 (HDream – III).

Under this structure, Arvind SmartSpaces as promoter and HCARE III as investor will make investments from time to time for the acquisition and construction of real estate projects. The company also approved investments of up to ₹125 crore in ASHPL through equity shares, optionally convertible debentures, preference shares or other instruments.

Also Read: Arvind SmartSpaces maintains 25-30% booking growth guidance for FY26

Shares of Arvind Smartspaces Ltd ended at ₹597.00, up by ₹7.05, or 1.20%, on the BSE.