Arvind SmartSpaces announces Results for the quarter and year ended Mar 31, 2021
equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Arvind SmartSpaces Limited allots 28,50,000 warrants
equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
The Covid-19 pandemic-induced disruption in the real estate market saw Arvind SmartSpaces Ltd took take a 75 per cent hit on its consolidated net profit for the third quarter of financial year 2020-21 at Rs 5.33 crore. Last year, the real estate company of Arvind Group had a consolidated net profit of Rs 20.84 crore in the third quarter. The company s consolidated total revenue dipped by 53 per cent to Rs 44.68 crore in Q3 of FY21 as compared to Rs 94.54 crore in the said quarter last year. However, the company recorded a 138 per cent growth in fresh MIS sales for the quarter which stood at Rs 144 crore, as against Rs 61 crore in the corresponding period last year. According to the company s filing with stock exchanges, while financial performance was based on project completion as per applicable accounting standards, there was a strong momentum in sales with fresh bookings and healthy pipeline.