NEW DELHI, Feb 11: Realty firm Arvind SmartSpaces Ltd has reported a 42 per cent decline in consolidated net profit at Rs 29.21 crore for the latest quarter ended December.
Its net profit stood at Rs 50.18 crore in the year-ago period.
Total income fell to Rs 170.50 crore in the third quarter of this fiscal from Rs 215.47 crore in the year-ago period, according to a regulatory filing on Tuesday.
Sales bookings increased to Rs 331 crore in the October-December period of this fiscal from Rs 224 crore in the year-ago period.
The company also announced that Priyansh Kapoor, whole-time director and CEO, has been re-designated as MD and CEO.
Kamal Singal has stepped down as MD and CEO with effect from February 10, 2026.
Singal would continue to serve as whole-time director (Director — Strategy & Investments). In this role, he will act as a mentor to the leadership team, providing strategic guidance and leadership perspective to the company’s future business direction.
Established in 2008, Ahmedabad-based Arvind SmartSpaces is one of the leading real estate developers in the country. (PTI)
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