Investor Presentation

**Business Performance:** Arvind SmartSpaces delivered robust operational performance with Q2 bookings surging 147% QoQ to ₹432 Cr, largely driven by the successful launch of Arvind Everland, which achieved ₹400 Cr in sales.

Half-year bookings reached ₹607 Cr, and collections were strong at ₹236 Cr for Q2 (up 23% QoQ) and ₹427 Cr for H1. Operating Cash Flow (OCF) for Q2 was ₹125 Cr, a 368% QoQ increase.

While Q2 and H1 revenue and profit saw YoY declines, the company's unrecognized revenue stands strong at ₹3,124 Cr. **Growth Drivers or Strategy:** The company maintains an asset-light model, focusing on rapid project turnaround and a balanced risk profile with net cash (Net Debt to Equity at -0.05). Strategic pillars include innovation in project design and a customer-centric approach.

They aim for significant growth by leveraging their HDFC partnership and balance sheet headroom. **Recent Developments:** Arvind SmartSpaces recently entered Baroda with a ~₹700 Cr horizontal township project under a joint development model.

The BD pipeline remains robust, targeting new projects across Gujarat, Bengaluru, and MMR. **Key Financial Metrics:** Q2 FY26 Bookings: ₹432 Cr (+147% QoQ). Q2 FY26 OCF: ₹125 Cr (+368% QoQ). H1 FY26 Bookings: ₹607 Cr.

Unrecognized Revenue: ₹3,124 Cr. **Management Commentary / Outlook:** Management is focused on residential development, aiming to be a top-ten real estate player through judicious geographical expansion in existing markets like Ahmedabad and Bangalore, and new ones like Pune and MMR.

They plan to acquire 6-7 projects with a cumulative topline potential of ₹4,000-5,000 Cr in the next 12 months, emphasizing sustainable and profitable growth.