Arvind SmartSpaces Ltd. · NSE:ARVSMART
Arvind SmartSpaces — Q2 FY27 Earnings Presentation
40 slides from Arvind SmartSpaces's earnings presentation, Nov 5, 2026
Slide 1: Exchange filing cover letter for Q2 & H1 FY27 update
5th November, 2026 BSE Limited NaƟonal Stock Exchange of India Ltd. LisƟng Dept. / Dept. of Corporate Services, LisƟng Dept., Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Plot No. C/1, G. Block, Bandra-Kurla Complex, Dalal Street, Mumbai - 400 001. Bandra (E), Mumbai - 400 051. Security Cod
Slide 2: Information Update Q2 FY27
VALUE. Information Update I Q2 FY27 I 1
Slide 3: About Arvind SmartSpaces
ABOUT ARVIND SMARTSPACES Information Update I Q2 FY27 I 2
Slide 4: The Lalbhai Group – At a Glance
THE LALBHAI GROUP – AT A GLANCE A USD ~31 billion diversified enterprise with a strong presence across four key growth sectors of the Indian economy. FASHION AND RETAIL ENGINEERING REAL ESTATE A Legacy of 100 years Powering Fashion in India Creating Tomorrow's Innovations Building Pride. Building Jo
Slide 5: Overview – Arvind SmartSpaces Ltd.
OVERVIEW – ARVIND SMARTSPACES LTD. “OPERATING SINCE 2008” Niche Residential Development Model RESIDENTIAL FOCUSED SCALE OF OPERATIONS PROJECT CLASSIFICATION (ONGOING AND PLANNED) September 2026 PROJECT PORTFOLIO* (IN MN. SQ.FT.) Numbers as on 30th SEPTEMBER 2026 RESIDENTIAL HORIZONTAL BUILT UP HOMES
Slide 6: Delivering Consistent Growth
DELIVERING CONSISTENT GROWTH BOOKINGS COLLECTIONS (In ₹ Cr.) 27% CAGR FY22 – FY26 17% CAGR FY22 – FY26 1,550 1,100 1,271 942 876 1,107 802 595 600 601 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 “AA-/Stable” Rated by India Ratings & Research (Upgraded to AA-/Stable from A+/Stable in June 2026)
Slide 7: Q2 FY27 Performance
Q2 FY27 PERFORMANCE ▪ OPERATIONAL HIGHLIGHTS ▪ FINANCIAL HIGHLIGHTS Information Update I Q2 FY27 I 6
Slide 8: Key Updates – Q2 & H1 FY27
HIGHLIGHTS KEY UPDATES – Q2 & H1 FY27 ▪ Quarterly bookings stood at Rs. 906 Cr, up 110% YoY. (H1 FY27 up 120% to Rs. 1,338 Cr vs PY) Pre-sales, ▪ Collections for the quarter stood at Rs. 418 Cr, up 77% YoY. (H1 FY27 up 77% to Rs. 754 Cr vs PY) Collections & OCF ▪ Strong OCF of Rs. 152 Cr in Q2 FY27
Slide 9: Bookings: Q2 & H1 FY27
OPERATIONAL HIGHLIGHTS BOOKINGS : Q2 & H1 FY27 PY CY % Contribution Q2 FY26 Q2 FY27 Growth (YoY) Region Q2 FY27 H1 FY27 ₹432 CR ₹906 CR 110% Gujarat 31% 49% H1 FY26 H1 FY27 Growth (YoY) Bengaluru 69% 51% ₹607 CR ₹1,338 CR 120% Total 100% 100% 1,338 Rs. Crores Project Name Q2 FY27 H1 FY27 Sylva 507 5
Slide 10: Collections: Q2 & H1 FY27
OPERATIONAL HIGHLIGHTS COLLECTIONS : Q2 & H1 FY27 PY CY % Contribution Q2 FY26 Q2 FY27 Growth (YoY) Region ₹236 CR ₹418 CR 77% Q2 FY27 H1 FY27 Gujarat 62% 65% H1 FY26 H1 FY27 Growth (YoY) Bengaluru 38% 35% ₹427 CR ₹754 CR 77% 754 Total 100% 100% Rs. Crores Project Name Q2 FY27 H1 FY27 Aquacity 100 1
Slide 11: OCF Trend & Cashflow: Q2 & H1 FY27
OPERATIONAL HIGHLIGHTS OCF TREND & CASHFLOW: Q2 & H1 FY27 (In ₹ Cr.) Particulars (Rs in Crs) FY26 Q1 FY27 Q2 FY27 YTD FY27 Opening Balance (A) 27 41 62 41 Operating activities Collections 1,100 336 418 754 169 Construction cost and other overheads (435) (161) (172) (333) Taxes (46) (10) (10) (21) 15
Slide 12: P&L: Q2 FY27
FINANCIAL HIGHLIGHTS P&L: Q2 FY27 Consolidated Financial Summary (In ₹ Cr.) REVENUE FROM OPERATIONS *ADJUSTED EBITDA PAT Revenue EBITDA PAT Margin 220 157.4 Margin (%) (%) EBITDA PAT 29% 200 22.7 22% 18.1 180 140.5 45.3 13% 14% 160 31.1 140 Q2FY26 Q2FY27 Q2FY26 Q2FY27 Q2FY26 Q2FY27 Q2 FY26 Q2 FY27 Q
Slide 13: P&L: H1 FY27
FINANCIAL HIGHLIGHTS P&L: H1 FY27 Consolidated Financial Summary (In ₹ Cr.) REVENUE FROM OPERATIONS *ADJUSTED EBITDA PAT Revenue EBITDA PAT Margin 42% Margin (%) 475.0 197.4 (%) EBITDA PAT 23% 25% 242.3 120.1 55.6 12% 30.0 H1FY26 H1FY27 H1FY26 H1FY27 H1FY26 H1FY27 H1 FY26 H1 FY27 H1 FY26 H1 FY27 H1
Slide 14: Net Debt Movement: Q2 FY27
FINANCIAL HIGHLIGHTS NET DEBT MOVEMENT: Q2 FY27 Borrowings Cost Movement Debt Profile (In %) (In ₹ Cr.) Net Debt to Equity (0.05x) 0.13x 0.26x 0.29x 0.26x 10.0 800 750 9.8 700 650 712 9.5 600 9.4 550 Gross Debt 581 9.2 500 Net Debt 450 400 462 350 300 CY 250 200 262 PY 215 200 150 153 167 100 50 79
Slide 15: Unrecognized Revenue as on 30 Sept 2026
FINANCIAL HIGHLIGHTS UNRECOGNIZED REVENUE – As on 30 Sept 2026 Unrecognized Revenue (In ₹ Cr.) 4,550 3,733 3,825 2,778 Sept 30, 2026 2,228 ₹4,550 CR 1,506 Mar 31, 2026 ₹3,733 CR As on 31 Mar23 As on 31 Mar24 As on 31 Mar25 As on 31 Mar26 As on 30 Jun26 As on 30 Sept26 Information Update I Q2 FY27 I
Slide 16: Balance Sheet
FINANCIAL HIGHLIGHTS BALANCE SHEET (In ₹ Cr.) EQUITY & LIABILITIES ASSETS As on As on As on As on Particulars Particulars September 30, 2025 September 30, 2026 September 30, 2025 September 30, 2026 Share Capital 46 46 Fixed Assets 122 131 Reserves and Surplus 603 720 Non-Current Assets 830 779 *Shar
Slide 17: Estimated Operating Cash Flow
FINANCIAL HIGHLIGHTS ESTIMATED OPERATING CASH FLOW (In ₹ Cr.) Total Est. Booking Estimated Est. Balance Est. Operating States Status Booking Value till Value of Receivables Inventory + Cost to be Cashflow Value date Inventory Receivables Incurred Gujarat Completed 1,164 1,101 63 37 100 0 100 Ongoing
Slide 18: Project Portfolio
PROJECT PORTFOLIO ▪ COMPLETED PROJECTS ▪ PROJECTS UNDER EXECUTION ▪ PROJECTS IN PIPELINE Information Update I Q2 FY27 I 17
Slide 19: Project Portfolio - Completed
COMPLETED PROJECTS PROJECT PORTFOLIO - COMPLETED Total Unsold Booking Revenue Average Booked ^Collections State Project Saleable Inventory Value Recognized Price (Price (Sqft) (Sqft) (Sqft) (₹ Cr) (₹ Cr) (₹ Cr) ₹ / Sq ft Aavishkaar 5,45,468 4,97,182 48,286 145 140 136 2,911 Alcove 10,32,660 9,84,150
Slide 20: Project Portfolio - Ongoing
ONGOING PROJECTS PROJECT PORTFOLIO - ONGOING Total Unsold Booking Revenue Average Booked ^Collections State Project Saleable Inventory Value Recognized Price (Price (Sqft) (Sqft) (Sqft) (₹ Cr) (₹ Cr) (₹ Cr) ₹ / Sq ft Aquacity 1,54,03,572 1,13,56,776 40,46,796 1,175 - 511 1,035 Chirping Woods 13,39,0
Slide 21: Project Portfolio – Summary (1/2)
PROJECTS PORTFOLIO PROJECT PORTFOLIO – Summary (1/2) Estimated Completion Saleable Total Est. Booking Value (Rs in Status City Project Type Structure Economic Interest Date Sq Ft Crs) A. Gujarat Summary of all completed projects Complete 64,31,625 1,164 Karnataka Summary of all completed projects Co
Slide 22: Project Portfolio – Summary (2/2)
PROJECT PORTFOLIO PROJECT PORTFOLIO – Summary (2/2) Estimated Saleable Total Est. Booking Status City Project Type Structure Economic Interest Completion Date Sq Ft Value (Rs in Crs) C. Planned Gujarat Forreste phase 6 Residential DM ~ 10% Revenue Share Yet to be launched 10,71,155 127 South Ahmedab
Slide 23: About the Company
ABOUT THE COMPANY 01 JOURNEY 02 HDFC 03 BOARD & 04 AWARDS 05 KEY PROJECTS SO FAR PARTNERSHIP LEADERSHIP (FY 2027) VIEWS Information Update I Q2 FY27 I 22
Slide 24: The Journey So Far
KEY INFORMATION THE JOURNEY SO FAR Preferential issue of ₹.85 Cr Infusion of Commencement to HDFC Capital funds by of our first Advisors (8.8% Sales Promoter and project under on fully diluted crosses Sales Promoter DM model – basis) and ₹.1,100 Cr crosses Group Forreste Promoters mark ₹.1,500 Cr 20
Slide 25: Strategic Partnership with HDFC Capital Advisors
HDFC PARTNERSHIP STRATEGIC PARTNERSHIP WITH HDFC CAPITAL ADVISORS 2019 2022 QUALITY CAPITAL BRAND ▪ ▪ Information Update I Q2 FY27 I 24
Slide 26: Board of Directors
BOARD OF DIRECTORS BOARD OF DIRECTORS Mr. Kulin S. Lalbhai Mr. Priyansh Kapoor Mr. Kamal Singal Mr. Punit S. Lalbhai Chairman Managing Director & CEO Whole Time Director – Strategy & Non-Executive Director & Non-Executive Director Investments Mr. Nilesh Shah Ms. Pallavi Vyas Mr. Vipul Roongta Mr. Sa
Slide 27: Led by an Experienced Professional Management Team
LEADERSHIP LED BY AN EXPERIENCED PROFESSIONAL MANAGEMENT TEAM PRIYANSH KAPOOR AMIT CHAMARIA DHARMESH VYAS Chief Financial Officer Chief Operating Officer Managing Director & Chief Executive Officer • Associated with the real estate industry for over 16 years • Held key leadership roles at Godrej Pro
Slide 28: Awards & Accolades
AWARDS AWARDS & ACCOLADES FY 2027 16th Realty Conclave & Excellence Awards 2026 Construction World Architect and Builder (CWAB) Awards Arvind Aquacity Arvind Everland Arvind SmartSpaces Integrated Township Project of the Year Best Selling Project of the Year Fastest Growing Listed Real Estate Compan
Slide 29: Iconia
Ongoing KEY PROJECT VIEWS ICONIA Information Update I Q2 FY27 I 28
Slide 30: Sylva
Ongoing KEY PROJECT VIEWS SYLVA Information Update I Q2 FY27 I 29
Slide 31: Skycrest
Ongoing KEY PROJECT VIEWS SKYCREST Information Update I Q2 FY27 I 30
Slide 32: Aquacity
Ongoing KEY PROJECT VIEWS AQUACITY Information Update I Q2 FY27 I 31
Slide 33: Everland
Ongoing KEY PROJECT VIEWS EVERLAND Information Update I Q2 FY27 I 32
Slide 34: Greenfields
Ongoing KEY PROJECT VIEWS GREENFIELDS Information Update I Q2 FY27 I 33
Slide 35: Uplands
Completed KEY PROJECT VIEWS UPLANDS Information Update I Q2 FY27 I 34
Slide 36: Bel Air
Completed KEY PROJECT VIEWS BEL AIR Information Update I Q2 FY27 I 35
Slide 37: Oasis
Completed KEY PROJECT VIEWS OASIS Information Update I Q2 FY27 I 36
Slide 38: The Edge
Completed KEY PROJECT VIEWS THE EDGE Information Update I Q2 FY27 I 37
Slide 39: Safe Harbor
SAFE HARBOR This presentation has been prepared by Arvind Smart Spaces Limited solely to provide information about the Company. No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such informatio
Slide 40: Thank You
THANK YOU ARVIND SMARTSPACES LTD (CIN: L45201GJ2008PLC055771) REGISTERED & CORPORATE OFFICE: 24, Govt. Servant’s Society, Adj. Municipal Market, C. G. Road, Ahmedabad- 380 009 Tel: +91 79 68267000 www.arvindsmartspaces.com INVESTOR RELATION SATYA PRAKASH MISHRA Group Head – Investor Relations E: sat