Arvind SmartSpaces shares came under heavy pressure in Tuesday’s trade, falling over 4% after the company reported a sharp decline in its financial performance for the September quarter (Q2 FY25). The real estate developer’s earnings took a significant hit, with both revenue and profit showing steep year-on-year contractions.
According to the company’s consolidated financial results, revenue dropped 47.1% year-on-year to ₹141 crore, compared to ₹266 crore in the same period last year. The slowdown was accompanied by a 55.2% decline in EBITDA, which came in at ₹29.5 crore versus ₹66 crore a year ago. EBITDA margin stood at 21%, down from 24.8% in the previous year.
The company’s net profit fell sharply by 65.2% to ₹14.2 crore, compared to ₹40.7 crore in Q2 FY24, reflecting the impact of weaker sales and slower project execution during the quarter.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
