Aditya Birla Real Estate (500040) Q4 24/25 earnings summary

Executive summary

• FY2025 marked a landmark year with a strategic focus on real estate, including the divestment of the pulp and paper business and discontinuation of the textile division to sharpen management focus and balance sheet strength.

• Real estate business achieved record booking value of INR 8,087 crore in FY25, more than doubling year-over-year, with collections also doubling to INR 2,706 crore, driven by successful launches in NCR, Bengaluru, and Pune.

• Seven new projects/phases launched, with Birla Arika, NCR, recording sales over INR 3,100 crore.

• Brand visibility was significantly enhanced through IPL sponsorship and a joint venture with Mitsubishi Estate Company, raising $33 million for Birla Aurora, Bengaluru.

• The company received the Golden Peacock National Quality Award for 2025, the first real estate company to win in six years.

Financial highlights

• FY2025 booking value more than doubled to INR 8,087 crore, with collections up 100% to INR 2,706 crore year-over-year.

• Consolidated revenue from continuing operations rose 9% YoY to INR 1,257 crore; standalone total income was ₹497.60 crore, down from ₹589.43 crore in FY24.

• Consolidated net loss for FY25 was ₹135.20 crore, compared to a net profit of ₹60.38 crore in FY24; PAT from continuing operations was a loss of INR 149 crore.

• Net debt outstanding as of March 31, 2025, was INR 3,575 crore.

• Board recommended a dividend of INR 2/share for FY25, down from INR 5/share in FY24.

Outlook and guidance

• Targeting annual pre-sales of over INR 15,000 crore within three years, nearly doubling from FY2025 levels.

• Planning to launch around INR 14,000 crore of GDV across eight projects in FY2026, with launches skewed towards Q3 and Q4.

• Focus remains on execution, business development, and expanding into redevelopment and commercial real estate for new income streams.

• Real estate sector expected to see steady growth, supported by policy reforms, urbanization, and lifestyle changes.

• Confident in achieving launch guidance, though some projects may spill into the next fiscal year due to approval timelines.