Business Standard

Arvind SmartSpaces reports 118% jump in Q3 PBT at Rs 33.11 crore

The company's consolidated total revenue grew by 21.46 per cent to Rs 94.54 crore for Q3 of FY'20, up from Rs 77.83 crore during the same period of the last financial year

real estate, office market
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Vinay Umarji Ahmedabad
The real estate development company of the $2 billion Lalbhai Group, Arvind SmartSpaces Limited (ASL) saw its consolidated profit before tax (PBT) jump by 118.25 per cent to stand at Rs 33.11 crore for the quarter ended December 31, 2019.

The company's consolidated total revenue grew by 21.46 per cent to Rs 94.54 crore for Q3 of FY'20, up from Rs 77.83 crore during the same period of the last financial year. 
 
According to the company, the consolidated earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter ended December 31, 2019 is Rs 39 crore as against Rs 21

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