Arvind SmartSpaces Q4 Revenue Rise 26.6% At ₹117.4 Cr | NDTV Profit - video Dailymotion

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00:00 We're joined by my colleague Anushi and Kamal Singhal,

00:05 who's the MD and CEO of Arvind Smart Spaces.

00:10 Mr. Singhal, thank you so much for taking time out for us

00:14 today.

00:15 Thank you.

00:16 Good afternoon.

00:17 So Mr. Singhal, Anushi joining from the other side over here.

00:20 You had a strong end to the fiscal '24,

00:23 about 38% growth in pre-sales and strong collections.

00:26 How are you looking forward to FY25 in terms of growth?

00:31 Yeah, Anushi, you're right.

00:32 We've seen a great year, great quarter.

00:35 Almost on all parameters, the growth has been very healthy.

00:39 As you said, we crossed for the first time

00:41 1,000 crore sales and fresh looking milestone,

00:46 which was 38% up, as you said.

00:48 In fact, even cash flows were very healthy at 456 crores,

00:52 which almost doubled as compared to what

00:54 the number was last year.

00:55 Now, I mean, we've been seeing that real estate has been

00:59 going through a great cycle.

01:01 It definitely looks like a cycle which is sustainable

01:04 and which is very, very widespread.

01:05 Possibly we are somewhere in the middle of this cycle.

01:08 And we see that this growth momentum in general,

01:10 and in particular for us, it should continue for the next

01:13 two, three more years.

01:14 And we have been kind of recording growth

01:18 to the extent of 30% to 40% in most of our parameters

01:21 over the last few years.

01:22 And we hope that the same trend should continue in the year,

01:25 which is coming any.

01:26 - Around 30% to 40% of growth over a year.

01:29 Now, I want to move on to your business development side,

01:31 5,000 crore of a projection over a year.

01:33 But if you look at last year,

01:35 compare it that 4X of a jump compared to last year.

01:38 Now, is this more on the conservative side

01:40 if you're looking at?

01:41 - Yeah, you're right.

01:44 I mean, in fact, post COVID,

01:45 we suddenly opened the investment gates

01:47 and we had to catch up with what we would not do

01:51 during COVID.

01:52 So a couple of years back, it was around 1,000 crores

01:55 to less than 1,000 crores that we added

01:56 in terms of new projects.

01:57 And last year we added in excess of 4,000 crores.

02:01 As we said, 30, 40% growth is what we look at

02:03 in most parameters.

02:04 And in this case as well, if you were to grow 30%,

02:07 that means we should be easily be able to cross

02:09 5,000 crores.

02:10 And that's what the target is.

02:11 But end of the day, last year was a catch up

02:14 and this year should be a steady state 30%

02:17 of their amount of growth in these kinds of parameters

02:19 that we are expecting from here onwards.

02:22 - Absolutely.

02:23 And if you can just on this,

02:24 how many projects are we planning to add over year

02:27 in the course of FY25?

02:28 Last year we had about four.

02:30 And again, the key focus regions that we are looking at?

02:33 - Yeah, so last year I said four projects added.

02:37 This year it should be almost like double,

02:38 seven to eight projects in that region.

02:41 We are strongly present in the market of Ahmedabad,

02:44 Kandinagar and Bangalore already.

02:46 This year clearly the focus is to add and consolidate more

02:49 on Mumbai and Pune.

02:51 So the focus will be to add a couple of projects

02:53 in this new market, Mumbai and Pune put together.

02:56 And of course we'll consolidate further

02:57 in Bangalore and Ahmedabad.

03:00 - Well, thank you so much for joining in

03:02 and sharing your outlook on next year.

03:04 (upbeat music)

03:07 (dramatic music)

Arvind SmartSpaces Q4 Revenue Rise 26.6% At ₹117.4 Cr | NDTV Profit

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