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Budget 2023
Budget 2023

Arvind Smartspaces Q3 profit up 17% to Rs 5.91 crore

The company reported its entry into the Bhugaon micro-market in Pune through the signing of a binding agreement for a 35-acre parcel of land on an outright purchase basis.

The company reported strong growth in fresh sales at Rs 158 crore for the quarter, aided by a set of successful launches of new phases in its existing projects in Ahmedabad.

The company reported strong growth in fresh sales at Rs 158 crore for the quarter, aided by a set of successful launches of new phases in its existing projects in Ahmedabad.

Ahmedabad-based Arvind Smartspaces Ltd on January 28 reported a 17 percent increase in consolidated net profit at Rs 5.91 crore for the quarter ended December.

Its net profit stood at Rs 5.03 crore in the year-ago period.

Total income rose to Rs 44.93 crore during the October-December period of this fiscal year from Rs 44.68 crore in the corresponding period of the previous year, the company said in a regulatory filing.

The company reported strong growth in fresh sales at Rs 158 crore for the quarter, aided by a set of successful launches of new phases in its existing projects in Ahmedabad.