Arvind SmartSpaces shares jumped more than 4% following impressive financial results for Q3 FY25. As of 11:14 AM, the shares were trading 4.24% higher at Rs 774.80.
The company reported a remarkable 331% year-on-year (YoY) growth in net profit, reaching ₹50 crore for the quarter ending December 31, 2024, up from ₹12 crore in the same period last year.
Revenue from operations also saw a significant rise, up 149% YoY to ₹210 crore, compared to ₹84 crore in Q3 FY24. Adjusted EBITDA rose by 188%, reaching ₹60 crore, reflecting strong operational performance.
While the company reported a decline in bookings, totaling ₹224 crore compared to ₹280 crore in the previous year, collections improved by 18%, reaching ₹229 crore versus ₹194 crore last year.
In terms of financial stability, Arvind SmartSpaces maintained a stable net debt level of ₹196 crore as of December 31, 2024, showing a slight increase from ₹195 crore in the previous quarter. The company’s net debt-to-equity ratio improved to 0.34 from 0.37, indicating stronger financial health.
Arvind SmartSpaces shares opened at ₹763.90 and reached a high of ₹787.00, with a low of ₹751.00 today. The stock has witnessed a 52-week high of ₹1,025.00 and a low of ₹500.00.
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