Aditya Birla Real Estate (500040) Q1 26/27 earnings summary

Executive summary

• Strong macroeconomic momentum in India with 7.6% GDP growth in FY 2025/2026 and supportive real estate sector conditions, especially in high-value housing and commercial office segments.

• Achieved strong YoY growth in Q1 FY27 with collection value up 31% to ₹713 Cr, led by Pune region contributing 36%.

• Strategic divestment of Century Pulp & Paper to ITC completed in August 2026, focusing on core real estate business.

• Secured major partnerships with IFC and Mitsubishi Estate for project development and capital infusion.

• Consolidated revenue from operations for the quarter ended June 30, 2026, was ₹188.05 Cr, up from ₹144.21 Cr in the same quarter last year.

Financial highlights

• Q1 FY27 collections reached ₹713 Cr, a 31% increase year-over-year; area sold up 19% YoY to 0.4 Mn sq ft.

• Net sales for the quarter were ₹327 Cr, with gross sales exceeding ₹700 Cr, impacted by cancellations and terminations, particularly at Birla Niyaara.

• Consolidated PAT from continuing operations at ₹17 Cr in Q1 FY27; net loss after tax (consolidated) stood at ₹34.59 Cr, compared to a loss of ₹27.08 Cr in Q1 FY26.

• Total consolidated income for the quarter was ₹205.72 Cr, up from ₹157.41 Cr year-over-year.

• Received ₹3,325 Cr from ITC for the Century Pulp and Paper sale, with 5% balance pending subject to conditions and working capital adjustments.

Outlook and guidance

• Confident in achieving medium-term pre-sales target of ₹15,000 Cr over the next three years, with a strong business development pipeline.

• FY27 launch pipeline includes projects with estimated GDV of ₹9,596 Cr and 3.3 Mn sq ft saleable area.

• Management expects to benefit from the new tax regime starting FY27, having reversed deferred tax liabilities accordingly.

• Planned launches worth ₹9,600 Cr for FY27 are on track, mainly scheduled for Q3 and Q4.

• Sustenance sales potential from ongoing projects estimated at ₹6,917 Cr.