 "December quarter results: Analysts expect tepid numbers")
The Covid-19 pandemic-induced disruption in the real estate market saw Arvind SmartSpaces Ltd took take a 75 per cent hit on its consolidated net profit for the third quarter of financial year 2020-21 at Rs 5.33 crore. Last year, the real estate company of Arvind Group had a consolidated net profit of Rs 20.84 crore in the third quarter.
The company's consolidated total revenue dipped by 53 per cent to Rs 44.68 crore in Q3 of FY21 as compared to Rs 94.54 crore in the said quarter last year.
However, the company recorded a 138 per cent growth in fresh
