Arvind SmartSpaces shares jumped more than 10% during the early market session on Tuesday, June 16, after the real estate developer signed a new residential horizontal development project, which is estimated to boost the company's top-line revenues.
NSE data showed that Arvind SmartSpaces' share price jumped 10.4% to hit an intraday high of ₹656.70 during the early market hours on June 16, compared to ₹594.65 at the previous stock market close.
The rally comes after Arvind SmartSpaces signed a new residential horizontal development project located on Kerala-Nalsarovar Road in South Ahmedabad, a project which is estimated to boost the top-line revenues by ₹180 crore.
"Ahmedabad continues to offer compelling growth opportunities in the horizontal real estate segment, driven by robust infrastructure development and growing demand for plotted developments," said Priyansh Kapoor, MD and CEO of Arvind SmartSpaces.
The CEO also said that the company has established several benchmarks in the plotting and villa segments and remains well-positioned to capitalise on the significant opportunities in this space.
In the NSE filing, Arvind SmartSpaces also said that South Ahmedabad has emerged as one of the most promising micro-markets for plotted developments and weekend homes in the Ahmedabad region, driven by increasing demand and improving infrastructure connectivity.
Arvind SmartSpaces' revenue breakdown
The standalone financial statements for the January to March quarter of the financial year ended 2025-26 showed that Arvind SmartSpaces' revenue from core operations rose 16.7% to ₹79.69 crore, from ₹68.26 crore in the same period a year earlier.
However, the consolidated revenue from core operations dropped 4.7% to ₹155.38 crore in the fourth quarter, compared with ₹163 crore in the same period a year ago.
The latest revenue estimates of ₹180 crore from the new residential project exceeds the overall consolidated revenue from core operations in the March quarter, further supporting the market sentiment and the company stock.
Arvind SmartSpaces' earnings before interest, tax, depreciation and amortisation (EBITDA) margins expanded to 36% in the fourth quarter, compared year-on-year with 27% in the same period a year ago.
How have Arvind SmartSpaces shares performed?
Arvind SmartSpaces shares have delivered stock market investors more than 509% returns on their investment in the last five years, and over 81% gains in the last three years, according to NSE data. However, the company's stock has lost 6% in the past one year.
So far, in the calendar year 2026, the company shares have risen 9.7%, and have gained nearly 11% in the past one month period. Arvind SmartSpaces' stock was trading 13% higher over the last five market sessions on NSE.
The real estate firm's market capitalisation (m-cap) was at ₹2,926 crore as of the trading session on Tuesday, June 16, 2026.
Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.