GK and monthly revision

Arvind SmartSpaces Q3 profit down 42 pc to Rs 29 cr

Arvind SmartSpaces, a real estate company, reported a 42% drop in net profit during the December quarter. However, the company's sales bookings showed a significant rise. The company also announced leadership changes, with Priyansh Kapoor becoming the new Managing Director and CEO, while Kamal Singal will transition to a strategy and investments role, mentoring the team. This information is relevant for competitive exams as it provides insights into the performance and changes in the leadership of a major real estate company in India.