Arvind Smartspaces reports record FY26 bookings, guides 35-40% growth
FY27 guidance includes 22-25% EBITDA margin and six launches with ₹3,000+ crore inventory.
— 3 earlier stories on Arvind Smartspaces Ltd. →What's new
- Record FY26 bookings of ₹1,560 crore.
- FY27 guidance: 35-40% bookings growth and 22-25% EBITDA margins.
- Six launches planned with ₹3,000-3,500+ crore inventory.
Why it matters
Arvind Smartspaces is laying out explicit revenue and margin targets, a level of specificity rare in real estate. The 22-25% EBITDA margin guidance is particularly ambitious, signalling confidence in cost control and project execution. If delivered, it could reset expectations for the stock.
What we're watching
- Execution on the six planned launches – any delays could dent guidance.
- Whether the GDV target of ₹4,000-5,000 cr for business development materialises.
- Consistency of margin delivery against the 22-25% promise.
The full read
Arvind Smartspaces closed FY26 with record bookings of ₹1,560 crore, a strong base that management now aims to grow 35-40% in FY27. That guidance comes with an explicit EBITDA margin target of 22-25%, a notable step up for a developer that has historically hovered in the 18-20% range. Supporting the targets are six planned launches with a combined inventory value of ₹3,000-3,500 crore, alongside a business development pipeline targeting ₹4,000-5,000 crore gross development value. The concall struck a confident tone: the company is not just guiding higher but committing to a margin floor that, if held, would mark a structural improvement. The real test lies in execution — whether launches stay on schedule, whether the GDV pipeline converts, and whether margins actually land within the band. For now, the stock has a clear set of milestones to be judged against.