Available company data, source links and archived checks for Aditya Birla Real Estate Limited. Read each source and date: a past check is not a fresh review, and some earlier figures have incomplete source details.
Quarter ended 2026-06-30 · consolidated · Company filing
| Quarter | Revenue / income | YoY | Profit | YoY | Net margin | Source |
|---|---|---|---|---|---|---|
| Jun 2026 | Revenue: ₹189 cr | +29.7% | Net profit: ₹-35 cr | — | -18.3% | Company filing source |
| Mar 2026 | Revenue: ₹83 cr | -79.1% | Net profit: ₹-110 cr | — | -133.5% | Company filing source |
| Dec 2025 | Revenue: ₹81 cr | — | Net profit: ₹-75 cr | — | -92.8% | Company filing source |
| Sep 2025 | Revenue: ₹98 cr | — | Net profit: ₹-18 cr | — | -18.2% | Company filing source |
| Jun 2025 | Revenue: ₹146 cr | -87.3% | Net profit: ₹-27 cr | -256.1% | -18.6% | Company filing source |
| Mar 2025 | Revenue: ₹395 cr | — | Net profit: ₹-135 cr | — | -34.2% | Company filing source |
YoY means change from the same quarter a year earlier. — means no comparable figure is available. Older entries with incomplete source details have not been revalidated under the current checks.
'Aditya Birla Real Estate Q1 FY ' 27 Earnings Conference Call'
| Akash Gupta: | Hi, sir. Congratulations on a resilient performance. My first question is with respect to margins for our redevelopment projects. Is this any different? What margins are we looking at for these type of redevelopment projects? |
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| K. T. Jithendran: | Akash, we are looking at very premium locations for these redevelopments. So, our margins are as good as any other normal projects. There's no worry for that. We are in the range of about 25%-30%. |
| Akash Gupta: | Understood. The second question is on the cash that we have got from ITC. So, is there any tax implication? What is the post-tax cash inflow that we will get from this ITC deal? |
| Keyur Shah: | Akash, Keyur here. We have received Rs. 3,325 crores, which is approximately 95% of the consideration amount. The balance 5% will be subject to certain conditions subsequent, and certain working capital adjustments which are to be reviewed because it takes time for the working capital to be computed. So, that's the balance 5% to be received. Yes, there would be a tax outflow on that. That is in the process of being worked out, so I am not in a position to give you that number right now. But yes, this is what we have received so far. |
| Akash Gupta: | Understood. And sir, just from a launch strategy standpoint, just on the Niyaara launch, what is the timeline? Any thoughts on the kind of format that we are bringing? Just thoughts on that, please. |
| Keyur Shah: | Akash, as I mentioned, we are focusing on large formats, similar formats like what we did in Silas, but slightly modified with fungible options, etc. There are a lot of people who are waiting for combined options, larger formats. That has been decided, and we are moving ahead with the approvals. Hopefully, we should get RERA by end of Q2 and kind of launch this early Q3 or mid Q3. That's the current plan now. |
| Akash Gupta: | Understood. Any feedback on the initial demand for the product? |
| K. T. Jithendran: | Yes. |
| K. T. Jithendran: | As I mentioned, Worli continues to be a very, very strong market. In the premium segment, it is really commanding good premiums. We have increased our prices for Silas - Tower-A. Market continues to show strong demand. We have a strong pipeline. Some of our existing customers and some other customers are waiting for larger formats, etc. So, we are not worried about demand. It continues to be very healthy and strong. |
| Akash Gupta: | Got it. Thank you so much. |
| K. T. Jithendran: | Yes. |
'Aditya Birla Real Estate Q1 FY ' 27 Earnings Conference Call'
| K. T. Jithendran: | Not at all. All these cancellations have been healthy. They only improve our cash flow and also our top line. |
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| Biplab Debbarma: | Okay. Sir, coming to business development. Last time also, you had a decent pipeline, and yes, you have closed two deals, but you have almost 60,000 crores GDV pipeline, and if I am not mistaken, you had a similar kind of pipeline. How probable is it that you will be able to do, say, probability I am talking 15,000 - 20,000 crores of GDV of business development this year? What are the challenges you have been facing in business development? That is the second question. |
| K. T. Jithendran: | So, Biplab, yes, as I have mentioned, 10,000 to 15,000 Cr. I am pretty confident that we will be able to achieve that. No reason to believe any other way. As I have always mentioned, the challenges are the right pricing, right location to get the right product, with the right title and prudently risk-managed projects. Prices, of course, have gone up. It has to be in tune with the market and our return expectations, etc. And also, it has to be relatively risk-free. Those challenges always remain. It is a question of the right opportunity coming at the right time. As I mentioned, we are chasing several opportunities. Some of them are high-potential opportunities, but it takes a lot of patience to bring it to the right level. So, work is going on cleaning up some of the challenges that we have faced. These have always happened in the past also. Somewhere it is competition, overbidding, all of that. So, it is a mix of both. The right clarity, location, sizing, market demand, competitive bidding. It is a mix of all of that. We will continue to pursue business development with full vigor, but within our risk management framework. I am sure the opportunities will come. We have to be a little patient. |
| Biplab Debbarma: | One final question. Sir, I know cash has never been a problem when it comes to business development, but still, when you have cash in your bank, it gives you a lot of strength and confidence. Sir, would you see now since we have post this paper sales business and our focus has entered to invest in real estate. Would you see a strong uptick in business development, more so in outright purchase, because you have significant amount of cash now? |
| K. T. Jithendran: | Yes. If you look at our entire portfolio, the bulk of the deals are outright only. There has been a decent share of joint ventures, but largely, more than 50% is outright development. Our focus will continue to be that. Just because we have surplus capital will not push us to be careless or rash in any way. It is very important that we become very careful because coming under pressure and putting capital in a slightly reckless way could be very detrimental for us in the long run. Our framework of risk management will continue. I am sure when the right opportunity comes, |
| Biplab Debbarma: | we will strike. Thank you, sir, and all the best. |
| K. T. Jithendran: | Thank you. |
| Moderator: | Thank you. The next question is on the line of Harsh Pathak from Motilal Oswal. Please proceed. |
'Aditya Birla Real Estate Q1 FY ' 27 Earnings Conference Call'
| same range of Rs. 1,000 crores for the FY27, or it will escalate and what will be collection guidance for FY27? | |
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| Keyur Shah: | Amit, our Rs. 437 crores includes a construction cost of around Rs. 226 crores. Balance is other costs like approval costs, design costs. Overall, the construction cost is Rs. 226 crores for the current quarter. Yes, around Rs. 1,200-Rs. 1,300 crores will be the overall construction cost for the current financial year. |
| Amit Srivastava: | Okay. Sure, sir. Just some clarity on Birla Niyaara Phase-2 where the cancellation has happened. In one quarter, we got four units which got canceled. Any specific reason for that? |
| K. T. Jithendran: | We had one cancellation in Tower A and three cancellations in Tower B. But two of them have already been booked in the last quarter. One we have again booked in this quarter. These happen. People have not paid up. They have struggle payment schedule. Somebody has a death in one's family, financial constraints, didn't want to continue, etc. The good news is that we have been booking it at much higher prices. The rebooking has been at much higher price. At least every apartment was sold at Rs. 4 crores more. |
| Amit Srivastava: | What is the current ticket size, sir, on an average? |
| K. T. Jithendran: | In Tower B, in Birla Niyaara? |
| Amit Srivastava: | Yes, Tower B. |
| K. T. Jithendran: | Rs. 40 crores. |
| Amit Srivastava: | Okay. 40. Yes, sure. Okay, sir. Thank you. |
| K. T. Jithendran: | Yes. |
| Moderator: | Thank you. The next question is on the line of Pritesh Sheth from Axis Capital. Please proceed. |
| Pritesh Sheth: | Yes, thanks for the opportunity. Just a couple of questions. First, on the BD, just in case you want to just indicate what sort of pipeline do we have right now in terms of advanced discussions, and it would be helpful if you can provide the split across cities as well. Yes, that's my first question. |
| K. T. Jithendran: | Our BD pipeline continues to be very strong. We have more than about term sheets and advanced deals worth about more than Rs. 60,000 crores in the pipeline. These are reasonably split between NCR, Mumbai, Pune, and Bangalore. Of course, because of the push on redevelopment, we have a slightly stronger pipeline in Mumbai. Otherwise, we have even very strong proposals going on in NCR market, Pune, Bangalore. So, in all markets, our focus remains equally strong. |
'Aditya Birla Real Estate Q1 FY ' 27 Earnings Conference Call'
| sheet and creating greater financial headroom to pursue a larger and more attractive business development pipeline, while maintaining our disciplined approach to capital allocation. | |
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| Safety remains a fundamental priority across our developments. The achievement of 15 million safe man-hours at Birla Niyaara is a significant milestone and testament to a collective commitment of our teams, partners, and workforce to building a culture where safety is non- negotiable and always comes first. | |
| As we look ahead, our priorities remain clear : | |
| Scale with discipline, execute with consistency, and create developments that are defined by trust, quality, and thoughtful design. | |
| We believe our strong brand, diversified portfolio, healthy balance sheet, and customer-first approach position us well to deepen our presence across key markets and capture the opportunity ahead. | |
| As we continue to grow, our focus will remain firmly on creating sustainable value, not just through the scale of our business, but through the quality of every development we deliver and the trust we build with our customers and stakeholders. | |
| Moderator: | Thank you. We will now open the floor for Q&A. Thank you very much. We will now begin the question-and-answer session. Ladies and gentlemen, we will wait for a moment while the question queue assembles. The first question is from the line of Karan Khanna from Ambit Capital. Please proceed. |
| Karan Khanna: | Yes, hi. Thanks for the opportunity, and congrats team on signing the Vashi Redevelopment Project yesterday. A couple of questions from my side. Firstly, KT, if you look at Slide 4 of the investor presentation, how should one read this? Absorption levels have stayed very healthy for the quarter, even without much of launches at an industry level, implying healthy levels of sustenance sales. But if you look at your booking value of Rs. 3.3 billion, it indicates sustaining sales have been relatively weaker. What are your thoughts on this, and what else can be done to really push up sustenance sales as a company? As a follow-up, what needs to happen for the pre- sales trajectory to see a material growth from what we have seen in Q1 for the rest of FY27? |
| K. T. Jithendran: | Good morning, Karan. Thanks for your question. We had about Rs. 329 crores of net sales. Actually, the gross sales were much higher. We had a few cancellations and a few terminations for people who are not paying up. Notably, a couple of little more of them have been from Birla Niyaara. So, that is why there has been a kind of a dent in net sales. I think, otherwise, if you look at our performance in both the projects in Pune and in Thane, Birla Taranya, and even in Bangalore, we have had a steady performance. Also there have been price increases. So, I am |
ABREL: consolidated net loss for the quarter ending 30 June 2026 was ₹34.59 crore.
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