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Arvind SmartSpaces Ltd reported a 91 percent rise

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Its net profit stood at Rs 10.20 crore in the year-ago period, the company said in a regulatory filing. 

Realty firm Arvind SmartSpaces Ltd on Thursday reported 91 per cent rise in its consolidated net profit at Rs 19.45 crore for the quarter ended December 31, 2019.

Its net profit stood at Rs 10.20 crore in the year-ago period, the company said in a regulatory filing. 

Total income rose to Rs 94.54 crore in the third quarter of 2019-20 fiscal, from Rs 77.83 crore in the corresponding period of the previous financial year. 

Ahmedabad-based Arvind SmartSpaces, which is a real estate firm of $2 billion Lalbhai group, has completed nearly 3 million sq ft space so far and is developing about 13 million sq ft of real estate development. 

It has projects across Ahmedabad, Gandhinagar, Bengaluru and Pune.

Source: PTI

(Note: The story has been published without modifications to the text. Only the headline and intro have been changed.)

ALSO READ: Udaipur Cement Works reported a net profit of Rs 97 lakh for the third quarter


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