Arvind SmartSpaces is confident in continuing its previous growth trajectory of ~30% growth for the coming years. Buy for target price of ₹970 (38% upside): Axis Securities

Arvind’s bookings stood at Rs 381 Cr, reflecting a 70% QoQ /18% YoY growth. Collections for the quarter were flat at Rs 215 Cr vs Q4FY24 and down 6% QoQ. For FY25, bookings stood at Rs 1,270 Cr, up 15%, and collections stood at Rs 942 Cr, a 7% improvement YoY. Revenue for the quarter was Rs 163 Cr, up 39% YoY, EBITDA at Rs 34 Cr, up 7.2%, and PAT stood at Rs 22 Cr, up 11.8% YoY. For FY25, revenues clocked were Rs 713 Cr, up 109%, EBITDA was at Rs 168 Cr, up by 51%, and PAT stood at Rs 119 Cr, up 133% YoY