NEW DELHI: Arvind SmartSpaces has experienced a significant decline of 41.79% in its net consolidated profit for the quarter ending December 31, 2025, with a profit after tax (PAT) of ₹29.21 crore compared to ₹50.18 crore in the same quarter last year, as noted in a BSE filing.
The company’s net consolidated total income for Q3 FY26 was ₹170.50 crore, down by 20.87% from ₹215.47 crore reported in the equivalent quarter the previous year.
The board of directors has approved the re-designation of Priyansh Kapoor, currently the whole-time director & CEO, as managing director & CEO of the company effective February 10, 2026. Meanwhile, Kamal Singal has stepped down from his role as managing director and CEO, and will now serve as whole-time director for strategy and investments starting February 10, 2026.
In Q3, the company reported bookings of ₹331 crore and collections of ₹317 crore. As of December 31, 2025, it held net debt (interest-bearing funds) of ₹79 crore, with a net debt-to-equity ratio of 0.13, up from 0.05 on September 30, 2025.
“Our cumulative new business development topline potential for the year is ₹2,510 crore, which includes two new projects in Bengaluru, alongside one project each in Ahmedabad and Vadodara. Our operational cash flows in Q3 FY26 reached ₹169 crore, reflecting a 128% year-on-year increase, and went up by 16% year-on-year to ₹321 crore for the first nine months of FY26,” stated Kapoor.
The company has also acquired a residential high-rise project on a 4.7-acre site in Sarjapur Road, Bengaluru, featuring an estimated saleable area of 6.8 lakh sq ft and a potential top line of ₹860 crore. In Q3, it added another residential high-rise project in Vastrapur, Ahmedabad, with a top-line potential of ₹400 crore and a saleable area of 3.6 lakh sq ft. Additionally, it included a project in Nallurahalli, Whitefield, Bengaluru, anticipated to generate ₹550 crore with a saleable area of 4.6 lakh sq ft.
