Arvind SmartSpaces Q4 net profit zooms 86%

(20 second reading) Realty firm Arvind SmartSpaces reported an 85.7% YoY jump in net profit at Rs 19.5 crore for the Q4 that ended March 31, 2024, compared to Rs. 10.50 crore in last fiscal Q4.
The company’s revenue from operations increased 26.6% to Rs. 117.4 crore against Rs. 92.7 crore in the Q4of the preceding fiscal.
FY24 has been a landmark year for the company with milestones achieved across bookings, collections and business development. The company has recorded the highest ever annual bookings of Rs.1,107 crore, a growth of 38 per cent year-on-year YoY.
The company added four new projects in Ahmedabad, and one each in Bengaluru and Surat.