Aditya Birla Real Estate (500040) Q4 25/26 earnings summary

Executive summary

• Achieved record pre-sales/booking value of INR 8,136 crore (₹81,363 Mn) in FY26, with Q4 FY26 up 69% QoQ to INR 4,288 crore (₹42,882 Mn); NCR contributed 46% of FY26 bookings.

• Area sold in Q4 was 3 million sq ft, with FY26 total at 5.5 million sq ft; strong launches across NCR, Bengaluru, MMR, and Pune.

• Collections for FY26 reached INR 3,341 crore (₹33,409 Mn), up 23% YoY, with collection efficiency at 97%-99%.

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

• Recognized for ESG and safety leadership, including British Safety Council's Sword of Honour, GRESB sector leader, and top sustainability rankings.

Financial highlights

• FY26 net total income at ₹4,592 Mn, with standalone net profit of Rs. 351.89 crore and consolidated net loss of Rs. 114.82 crore.

• Q4 FY26 PAT after discontinued operations at ₹54 Mn, reversing previous losses.

• EBITDA loss of ₹3,072 Mn in FY26; PAT from continuing operations at a loss of ₹3,381 Mn.

• Collection efficiency remained high at 97%-99%.

• Exceptional items in Q4 included JV loss, provisions totaling INR 39 crore, and increased liabilities from new Labour Codes.

Outlook and guidance

• FY27 launch pipeline includes INR 9,000+ crore in new launches and INR 7,000 crore in sustenance sales, with major projects in MMR, NCR, Pune, and Bengaluru.

• CapEx for FY27 construction spend projected at INR 1,200 crore; strong cash reserves and positive operating cash flow.

• No formal sales guidance due to market unpredictability; target of INR 15,000 crore pre-sales may shift from FY28 to FY29.

• Company plans to adopt the new tax regime from FY27, reversing deferred tax liabilities.