Arvind SmartSpaces Limited — Q1FY27 earnings call summary

Filed 07 August 2026 · Company audio recording

Labour cost inflation noted but currently not impacting project profitability.
Launch pipeline: 6 projects worth Rs. 3000-3500 crores planned in FY27 across Ahmedabad (1), Bengaluru (3), Mumbai (2).
Goregaon redevelopment project (Mumbai) launch expected this year; ~6.7 lakh sq.ft. saleable area, 4-year completion timeline.
Real estate price appreciation expected to moderate; demand remains structurally strong but cyclical growth stabilizing.
Pricing power stabilizing; no large price hikes assumed going forward.
EBITDA margin guidance for new sales: 22-25%, JD projects at lower end, outright projects higher.
Q1 EBITDA margin elevated (~48-49%) due to Orchards project; normalized portfolio margin expected ~25%.
FY27 bookings growth guidance: 35-40% YoY, targeting Rs. 2100-2200 crores.