NEW DELHI: Arvind SmartSpaces has announced a 57.61% drop in its net consolidated profit for the quarter ending September 30, 2025. Profit after tax for Q2 FY26 was ₹18.06 crore, compared to ₹42.60 crore in the same quarter last year, according to a BSE filing.
The company reported a net consolidated total income of ₹144.03 crore for Q2 FY26, marking a 46.51% decline from ₹269.28 crore in the previous fiscal year’s corresponding quarter.
Priyansh Kapoor, CEO and Whole-Time Director, stated, “We have recently signed a new joint development project in Vadodara with a top-line potential of ₹700 crore. Our balance sheet remains strong despite our operational expansion, with a net debt of ₹(32) crore as of September 30, 2025. Our cash flow generation is also robust, with operating cash flows reaching ₹125 crore, an increase of 4% year-on-year.”
Sanjay S. Lalbhai has resigned as chairman & non-executive director effective November 3, 2025, as part of a succession planning process. The board has appointed Kulin S. Lalbhai, vice-chairman and non-executive director, as the new chairman, effective the same date. Also, Prashant Das has been appointed as an additional independent director for a five-year term, and Punit S. Lalbhai has been appointed as an additional non-executive director. Amit Chamaria has been named the Chief Financial Officer (CFO) and key managerial personnel of the company.
The company’s bookings totaled ₹432 crore, with collections reaching ₹236 crore for the quarter. Net debt (interest-bearing funds) was at ₹(32) crore as of September 30, 2025, with a net debt to equity ratio of (0.05).
