ARVSMARTNSEQ2 FY22September 30, 2021

Arvind SmartSpaces Limited

4,686words
6turns
0analyst exchanges
0executives
Key numbers — 40 extracted
rs,
mber, 2021 To, BSE Limited Listing Dept. / Dept. of Corporate Services, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001. To, National Stock Exchange of India Limited Listing Dept., Exch
Rs. 184
Arvind SmartSpaces Information Update – Q2FY22 Key Updates – Q2FY22 Fresh Sales • Q2FY22 Rs. 184 Cr vs Rs. 156 Cr in Q2FY21 (17% Growth) • H1FY22 Rs. 293 Cr vs Rs. 178 Cr in H1FY21 (65% Growth) Un
Rs. 156
SmartSpaces Information Update – Q2FY22 Key Updates – Q2FY22 Fresh Sales • Q2FY22 Rs. 184 Cr vs Rs. 156 Cr in Q2FY21 (17% Growth) • H1FY22 Rs. 293 Cr vs Rs. 178 Cr in H1FY21 (65% Growth) Unrecognised Rev
17%
on Update – Q2FY22 Key Updates – Q2FY22 Fresh Sales • Q2FY22 Rs. 184 Cr vs Rs. 156 Cr in Q2FY21 (17% Growth) • H1FY22 Rs. 293 Cr vs Rs. 178 Cr in H1FY21 (65% Growth) Unrecognised Revenue • Rs. 955 C
Rs. 293
ey Updates – Q2FY22 Fresh Sales • Q2FY22 Rs. 184 Cr vs Rs. 156 Cr in Q2FY21 (17% Growth) • H1FY22 Rs. 293 Cr vs Rs. 178 Cr in H1FY21 (65% Growth) Unrecognised Revenue • Rs. 955 Cr as on September 30, 2021
Rs. 178
2FY22 Fresh Sales • Q2FY22 Rs. 184 Cr vs Rs. 156 Cr in Q2FY21 (17% Growth) • H1FY22 Rs. 293 Cr vs Rs. 178 Cr in H1FY21 (65% Growth) Unrecognised Revenue • Rs. 955 Cr as on September 30, 2021 vs Rs. 562 Cr
65%
Q2FY22 Rs. 184 Cr vs Rs. 156 Cr in Q2FY21 (17% Growth) • H1FY22 Rs. 293 Cr vs Rs. 178 Cr in H1FY21 (65% Growth) Unrecognised Revenue • Rs. 955 Cr as on September 30, 2021 vs Rs. 562 Cr as on September
Rs. 955
FY21 (17% Growth) • H1FY22 Rs. 293 Cr vs Rs. 178 Cr in H1FY21 (65% Growth) Unrecognised Revenue • Rs. 955 Cr as on September 30, 2021 vs Rs. 562 Cr as on September 30, 2020 110 184 22 156 - 50 100 150 200Q
Rs. 562
s Rs. 178 Cr in H1FY21 (65% Growth) Unrecognised Revenue • Rs. 955 Cr as on September 30, 2021 vs Rs. 562 Cr as on September 30, 2020 110 184 22 156 - 50 100 150 200Q1Q2Fresh SalesPYCY562 762 955 - 200 400
Rs. 161
21Unrecognized Revenue (INR Cr.) Key Updates – Q2FY22 Collections Net Debt • Strong collections ~Rs. 161 Cr during Q2FY22 vs Rs. 67 Cr in Q2FY21 and ~ Rs. 280 Cr during H1FY22 vs. 88 Rs. Cr Net Interes
Rs. 67
Cr.) Key Updates – Q2FY22 Collections Net Debt • Strong collections ~Rs. 161 Cr during Q2FY22 vs Rs. 67 Cr in Q2FY21 and ~ Rs. 280 Cr during H1FY22 vs. 88 Rs. Cr Net Interest bearing funds as on Sept
Rs. 280
Collections Net Debt • Strong collections ~Rs. 161 Cr during Q2FY22 vs Rs. 67 Cr in Q2FY21 and ~ Rs. 280 Cr during H1FY22 vs. 88 Rs. Cr Net Interest bearing funds as on Sept 30, 2021 is Rs. 26 Cr (vs Sep
Guidance — 18 items
Deal Parameters
opening
5.1 million sq ft • Financial performance is based on applicable accounting standards wherein the revenue recognition is based on transfer of control with Project completion and satisfaction of performance obligation.
Deal Parameters
opening
CrUplands 29 74 High Grove 56 4 Chirping Woods - 9 Forreste 43 37 Skylands 12 16 Belair 10 21 Oasis 7 17 The Edge 1 (1)Aavishkaar (1) 5 Elan (2) - Other Completed Projects (1) - Total 156 183 Project wise Fresh Bookings – H1 FY22 600 500 400 300 200 100 0 Fresh bookings Rs.
Deal Parameters
opening
Cr 529 CAGR 49% 277 286 73 91 113 FY16 FY17 FY18 FY19 FY20 FY21 Collections during the year amounts to Rs.
Deal Parameters
opening
CrUplands 9 117 High Grove 56 10 Chirping Woods - 36 Forreste 60 54 Skylands 18 21 Belair 21 22 Oasis 11 22 The Edge 6 (1)Aavishkaar 0 8 Elan (7) 3 Other Completed Projects 3 2 Total178 293 Project wise Financial Performance Q2 FY22 H1 FY22 Revenue recognition during Q2FY22 is mainly Skylands Rs.
Deal Parameters
opening
Financial performance is based on Project completion method as per applicable Accounting Standards.
Deal Parameters
opening
50 Cr issued to HDFC (15 years tenure) for joint project in Bangalore  Net Interest bearing funds is netted off with Short term Loans and Advances given to third parties to optimize Cash flow mismatch  Out of Rs.
Note
opening
Ft.) Residential Commercial Industrial Residential Commercial Residential 3,182,980 82,526 560,402 3,825,908 14,776,199 168,224 14,944,423 5,101,216 23,871,546 Project Details Status City Project Type Structure Economic Interest A.
Note
opening
Net Operating Cash flow for the Company from DM would be equivalent to DM fees 2,934 2,311 1,278 Projects Uplands  Location: Nasmed Village, Gandhi Nagar  Product: Premium golf based township  Project Size: 180 Villas Phase I, 45 Villas Phase II – Overall 56 Lakh Sq.
Note
opening
 Deal Structure: Joint Development  Architect: Woods Bagot  Features: 9 Hole Executive Golf Course 3 Clubs (Golf Square, Zen Square, Fun Square) Premium Concierge Services Disney® themed kids bedroom Personal Swimming Pool, Gym, Home Theatre - Optional Uplands Uplands Uplands ClubHouse Uplands ClubHouse Skylands  Location: Jakkur Road, Shivanahalii,Bengaluru  Product: High rise Residential Apartments  Project Size: 417 Units – 4.9 Lakh Sq.
Note
opening
 Deal Structure: Outright Purchase  Architect: Apurva Amin  Features: Sky lounge on terrace Jogging track on terrace Open café on terrace Star gazing deck on terrace Club House with Indoor & Outdoor Sports Amenities Skylands Aavishkaar  Location : Naroda Road, Ahmedabad  Product : Affordable Residential Apartments  Project Size : 574 Units – 5.5 Lakh Sq.
Advertisement
Risks & concerns — 2 flagged
Prem Prakash Pangotra Independent Director Strategic Pillars of Growth 1 2 3 4 5 Asset light Balanced Risk Profile Innovation Customer Centricity Systems & Processes 1 2 3 4 5 Land as Raw Material, no Land Banking, Process Industry approach Focus on efficient cash flow management and low leverage, Focussed market and geography strategy Product Innovation and design Aiming for delight at every touch point in customer life cycle, On-time delivery Strong Governance.
Note
Forward–looking statements by their nature address matters that are, to different degrees, uncertain.
Note
Speaking time
Overview
1
Market Attractiveness
1
Deal Parameters
1
Note
1
Investor Relations
1
Disclaimer
1
Advertisement
Opening remarks
Overview
• Signed a binding agreement for an 18 acre land parcel located on the Sarjapur Bagalur road • Marks our entry into the Sarjapur micro-market • The deal is signed on a revenue share basis with 65% revenue share
Market Attractiveness
• Sarjapur road has emerged as one of the fastest growing micro-markets in Bangalore • The micro-market is in close proximity to the key business district of the Outer Ring Road and Electronic City • The area has a well developed social infrastructure with several international schools in the vicinity • The micro-market is home to several large plotted, villa and villament developments like Prestige Smart City, Sriram Chirping Grove, Nambiar Ellegenza etc…
Deal Parameters
Parameters Land Area Indicative Saleable Area Indicative Topline Particulars 18 Acres 880,000 sqft Rs. 600 cr Site Location Key Updates – Q2FY22 Sales and New Launches during the Half Year • Strong Sales momentum continues • Forreste – total 7.7 lacs sq ft area added with Phase 4 • Chirping Woods launched with freshness hit the market consisting of 6.3 lacs sq ft area Project Completion • Till date completed and handed over 10 projects measuring total developed area of 3.8 Million sqft (Alcove, Megatrade, Parishkaar, Trade square, Expansia, Citadel, Sporcia, Megapark, Megaestate and Skylands) Ongoing Projects Financial performance vs Fresh Sales • Currently, executing 10 projects in Ahmedabad, Bengaluru and Pune measuring 14.9 Million sq ft of developable area (Uplands One, HighGrove, Oasis, Aavishkaar, Elan, The Edge, Forreste, Uplands Two, Belair and Chirping Woods) • Projects yet to be launched measures approx. 5.1 million sq ft • Financial performance is based on applicable account
Note
Closing levels of Sensex and Realty Index as on Aug 31, 2015 was 26,283 and 1,261 respectively, the same have been indexed to 100. For Arvind SmartSpaces Limited, the Listed closing price as on Aug 31, 2015 of Rs. 45.85 is indexed to 100. 050100150200250300350400450500Aug-15Oct-15Dec-15Feb-16Apr-16Jun-16Aug-16Oct-16Dec-16Feb-17Apr-17Jun-17Aug-17Oct-17Dec-17Feb-18Apr-18Jun-18Aug-18Oct-18Dec-18Feb-19Apr-19Jun-19Aug-19Oct-19Dec-19Feb-20Apr-20Jun-20Aug-20Oct-20Dec-20Feb-21Apr-21Jun-21Aug-21Oct-21Performance of Scrip (since Listing)BSE Sensex IndexBSE Realty IndexASL Index Shareholding Pattern (%) Number of Shareholders as on Sept 30, 2021: 108,093 Category31-Mar-202130-Jun-202130-Sept-2021Promoter and Promoter Group58.66%56.88%56.88%Foreign Institutional Investors(FIIs)0.03%0.05%0.05%Mutual Funds0.00%0.00%0.00%Insurance Companies3.73%0.31%0.01%Public37.58%42.76%43.06%56.88%, Promoter and Promoter Group0.05%, Foreign Institutional Investors(FIIs)0.00%, Mutual Funds0.31%, Insurance Companies
Investor Relations
Ankit Jain Chief Financial Officer Email: ankit.jain@arvind.in Prakash Makwana Company Secretary Email: prakash.makwana@arvind.in Jagdish Dalal Investor Relations Email: jagdish.dalal@arvind.in
Disclaimer
The information in this presentation contains certain forward‐looking statements. These include statements regarding outlook on future development schedules, business plans and expectations of Capital expenditures. These statements are based on current expectations that involve a Number of risks and uncertainties which could cause actual results to differ from those anticipated by the Company.
Advertisement
← All transcriptsARVSMART stock page →