Arvind SmartSpaces Ltd reported a sharp decline in net profit for the third quarter of FY26, even as the company maintained steady sales and collections during the period.
For the quarter ended December 31, 2025, the company posted a consolidated net profit of ₹29.21 crore. This represents a 41.79% year-on-year decline from ₹50.18 crore reported in Q3 FY25. Total consolidated income also fell 20.87% to ₹170.50 crore, compared to ₹215.47 crore in the same quarter last year.
Despite lower profits, Arvind SmartSpaces recorded stable operational performance. The company achieved bookings worth ₹331 crore and collections of ₹317 crore during the quarter. Operating cash flow stood at ₹169 crore, marking a strong 128% growth compared to the previous year. For the first nine months of FY26, operating cash flow increased by 16%.
As of December 31, 2025, net interest-bearing debt stood at ₹79 crore. The company’s net debt-to-equity ratio was 0.13, compared to –0.05 as of September 30, 2025, indicating a change in its leverage position.
During Q3 FY26, the company strengthened its development pipeline with new business additions valued at ₹2,510 crore. The new projects are spread across major real estate markets such as Bengaluru, Ahmedabad and Vadodara. Key additions include residential developments in Sarjapur Road and Whitefield in Bengaluru, and Vastrapur in Ahmedabad.
In a leadership update, the Board approved the redesignation of Priyansh Kapoor as Managing Director and Chief Executive Officer, effective February 10, 2026. Kamal Singal has moved to the role of Whole-time Director – Strategy and Investments.
Arvind SmartSpaces continues to expand its residential portfolio while focusing on disciplined growth and financial management amid changing market conditions.
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