This BSE small-cap stock surges 3% as Q1 profit jumps nearly fourfold to ₹11 crore

The stock was in the green after the company on Monday reported a nearly fourfold jump in consolidated net profit to ₹11.18 crore for the first quarter of this fiscal year (Q1 FY26).

Its net profit stood at ₹2.91 crore in the year-ago period.

Total income rose to ₹106.39 crore during the April-June quarter of the 2025-26 fiscal year against ₹71.21 crore logged in the corresponding period of the preceding year, according to a regulatory filing.

Arvind SmartSpaces, part of the Lalbhai Group, has real estate developments across Ahmedabad, Gandhinagar, Bengaluru, Pune, and the Mumbai Metropolitan Region (MMR).

During the 2024-25 fiscal year, the company had posted a profit of ₹110.49 crore on a total income of ₹736.11 crore.

Commenting on the Q1 FY26 performance, Kamal Singal, Managing Director, Arvind SmartSpaces Ltd., said, "Our financial performance continues to remain strong, driven by strong execution. In Q1, revenue grew 37% YoY to ₹102 crore, Adj. EBITDA improved 205% YoY to ₹24.5 crore, and PAT increased 159% YoY to ₹12 crore. Further, we continue to generate positive operational cash flows, and the balance sheet remains strong with net debt at ₹(50) crore."

Singal added, "We remain positive about the demand scenario we are witnessing in the sector. Relatively lower interest rates, supportive government policies, and rising disposable incomes continue to support homebuyer demand.

Over the medium to long term, we believe the sector will witness further consolidation in favour of organised players, driven by stronger execution, rising capital intensity, and improving cash flows. This is an opportunity we are well prepared to capture, backed by our healthy balance sheet, growing brand equity, and disciplined approach to business development. Our strong launch pipeline for the year ahead makes us confident in our ability to deliver strong sales performance this year.”