India's Arvind SmartSpaces rises on strong Q4 profit, robust pre-sales momentum

Arvind Smartspaces

21/05/2026 07:33

** Shares of India real estate firm Arvind SmartSpaces ARVD.NS climb as much as 8.6%, last up 3.44% to 623.15 rupees

** ARVD posted a profit of 423.2 million rupees ($4.40 million) in Q4, more than doubling from a year earlier

** Records pre-sales of 6.12 billion rupees in Q4, up 61% Y/Y

** ICICI Direct Research says ARVD's strong pre-sales momentum was driven by a healthy response to new launches and steady sustenance sales

** Brokerage flags that full-year results were weighed by lower revenue recognition

** Trading vols at 823,690 shares vs 30-day avg of 362,361 shares

** YTD stock up ~2%

($1 = 96.2850 Indian rupees)

 (Reporting by Devika Nair in Bengaluru)

 ((Devika.MadhusudhananNair@thomsonreuters.com;))