Arvind SmartSpaces Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 01, 2024 at 01:34 pm IST
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Arvind SmartSpaces Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 843 million compared to INR 526.33 million a year ago. Revenue was INR 864.23 million compared to INR 552.27 million a year ago. Net income was INR 94 million compared to INR 42.47 million a year ago. Basic earnings per share from continuing operations was INR 2.07 compared to INR 0.94 a year ago. Diluted earnings per share from continuing operations was INR 2.05 compared to INR 0.92 a year ago.
For the nine months, sales was INR 2,238.05 million compared to INR 1,632.34 million a year ago. Revenue was INR 2,307.69 million compared to INR 1,688.8 million a year ago. Net income was INR 260.77 million compared to INR 163.07 million a year ago. Basic earnings per share from continuing operations was INR 5.75 compared to INR 3.75 a year ago. Diluted earnings per share from continuing operations was INR 5.7 compared to INR 3.62 a year ago.
Arvind SmartSpaces Limited is an India-based company, which is engaged in the development of real estate comprising of residential, commercial, and industrial projects. The Company is primarily in the residential segment of the Ahmedabad, Pune, and Bengaluru region. The Company's projects in Ahmedabad include Alcove, Citadel, Parishkaar, Megatrade, Megaestate, Megapark, and Aavishkaar. The Company's projects in Bengaluru include Skylands, Sporcia, Expansia, and Oasis. Its project in Pune is Elan. The Company's subsidiaries include Arvind Hebbal Homes Private Limited, Arvind Homes Private Limited, Arvind SmartHomes Private Limited, Ahmedabad East Infrastructure LLP, ASL Facilities Management LLP, Uplands Facilities Management LLP, Changodar Industrial Infrastructure (One) LLP, Arvind Beyond Five Club LLP, Arvind Infracon LLP, Ahmedabad Industrial Infrastructure (One) LLP, Arvind Five Homes LLP, Chirping Woods Homes LLP, Arvind Smart City LLP, and others.