Aditya Birla Real Estate (500040) Q1 25/26 earnings summary

Executive summary

• Entered FY26 with a focus on execution, consolidation, and a robust launch pipeline, leveraging strong macroeconomic fundamentals and resilient demand in Indian real estate.

• Booking value for Q1 FY26 was ₹4,225 Mn, up 61% year-on-year, with collections rising 12% YoY to ₹5,453 Mn.

• Secured a $50 Mn investment from IFC for Pune and Thane projects, enhancing project pipeline and financial strength.

• Strategic divestment of Century Pulp & Paper to ITC Ltd. for ₹34.98 Bn to focus on core real estate business.

• Strengthened brand presence through IPL sponsorship and continued focus on ESG initiatives.

Financial highlights

• Booking value for Q1 stood at ₹4,225 Mn, up 61% year-on-year; area sold grew 327% YoY to 0.3 Mn sq ft.

• Collections for the quarter increased 12% YoY to ₹5,453 Mn.

• Net total income for Q1 FY26 was ₹553 Mn, down 51% YoY; EBITDA was -₹280 Mn, and PAT after discontinuing operations was -₹271 Mn.

• Standalone net profit for Q1 FY26 was ₹47.71 crore, a turnaround from a loss in Q4 FY25; consolidated net loss was ₹27.08 crore.

• Standalone EPS for Q1 FY26 was ₹4.32; consolidated EPS was -₹2.30.

Outlook and guidance

• Robust launch pipeline for FY26 and beyond, with estimated GDV of over ₹139,323 Mn.

• Long-term annual sales guidance of ₹15,000 crore over the next three years, with growth expected to be back-ended.

• Focused on maintaining financial discipline, expanding in high-growth markets, and leveraging strategic alliances.

• The company is in the process of divesting its pulp and paper business and has discontinued its textile operations.