Arvind SmartSpaces net profit slips 33% to Rs 9.3 crore in Q4 FY23

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Real estate firm Arvind SmartSpaces Ltd on Friday announced a 33 per cent drop in its consolidated net profit at Rs 9.3 crore for the quarter ended March 2023.

It declared a net profit of Rs. 13.95 crore in the same period last year.

Total income fell to Rs 94.37 crore in the fourth quarter of the latest financial year from Rs 163.62 crore in the period last year, according to a regulatory filing.

Net profit increased to Rs.25.60 crore in 2022-23 from Rs.25.05 crore.

Total income increased to Rs. 263.25 crore in the last financial year from Rs. 264.42 crore in the previous financial year.

In terms of operating performance, the company’s sales bookings grew by 33% year-on-year to Rs. 802 crore from Rs. 601 crore.

(Only the title and image for this report may have been reworked by the Business Standard staff; the rest of the content is generated automatically from a shared feed.)

First published: May 19, 2023 | 8:52 PM ist