Arvind SmartSpaces Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 01, 2023 at 07:54 am
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Arvind SmartSpaces Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 726.69 million compared to INR 503.39 million a year ago. Revenue was INR 752.74 million compared to INR 516.2 million a year ago. Net income was INR 86.4 million compared to INR 48.16 million a year ago. Basic earnings per share from continuing operations was INR 1.91 compared to INR 1.13 a year ago. Diluted earnings per share from continuing operations was INR 1.89 compared to INR 1.1 a year ago.
For the six months, sales was INR 1,395.05 million compared to INR 1,106.01 million a year ago. Revenue was INR 1,443.46 million compared to INR 1,136.53 million a year ago. Net income was INR 166.77 million compared to INR 120.6 million a year ago. Basic earnings per share from continuing operations was INR 3.68 compared to INR 2.83 a year ago. Diluted earnings per share from continuing operations was INR 3.65 compared to INR 2.78 a year ago.
Arvind SmartSpaces Limited is an India-based company, which is engaged in the development of real estate comprising of residential, commercial, and industrial projects. The Company is primarily in the residential segment of the Ahmedabad, Pune, and Bengaluru region. The Company's projects in Ahmedabad include Alcove, Citadel, Parishkaar, Megatrade, Megaestate, Megapark, and Aavishkaar. The Company's projects in Bengaluru include Skylands, Sporcia, Expansia, and Oasis. Its project in Pune is Elan. The Company's subsidiaries include Arvind Hebbal Homes Private Limited, Arvind Homes Private Limited, Arvind SmartHomes Private Limited, Ahmedabad East Infrastructure LLP, ASL Facilities Management LLP, Uplands Facilities Management LLP, Changodar Industrial Infrastructure (One) LLP, Arvind Beyond Five Club LLP, Arvind Infracon LLP, Ahmedabad Industrial Infrastructure (One) LLP, Arvind Five Homes LLP, Chirping Woods Homes LLP, Arvind Smart City LLP, and others.