Mumbai, July 28
Real estate company Arvind SmartSpaces Limited on Monday reported a 45.04 per cent quarter-on-quarter (QoQ) drop in its net profit to Rs 11.96 crore in Q1 FY26, from Rs 21.76 crore in the fourth quarter (Q4) of FY25.
Revenue from operations also slipped by 37.61 per cent, falling to Rs 101.76 crore in Q1, from Rs 163.09 crore in Q4 FY25, according to its stock exchange filing.
Total income for the June quarter came in at Rs 106.39 crore, a decline of 38.91 per cent from Rs 174.14 crore in the previous quarter.
Total expenses also saw a decrease, falling 35.19 per cent to Rs 89.8 crore from Rs 138.55 crore in the preceding quarter, the company stated in its regulatory filing.
Despite the sequential decline, the company delivered strong year-on-year (YoY) growth.