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Aditya Birla Real Estate (500040) investor relations material
Aditya Birla Real Estate Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
H1 FY27 real-estate net total income rose 309% YoY to ₹355 crore and collections increased 39% to ₹1,465 crore; booking value fell 52% to ₹627 crore.
Q2 FY27 consolidated net profit was ₹918.70 crore, including an ₹868.12 crore gain from the completed Pulp and Paper business sale; continuing-operations net profit was ₹143.31 crore.
Portfolio GDV was ₹77,718 crore across 35.0 million sq ft of saleable area; Worli Tower C redesign adds ₹1,900 crore net GDV and shifts its launch to FY28.
Financial highlights
Q2 FY27 real-estate net total income was ₹268 crore, up 755% YoY; H1 was ₹355 crore, up 309% YoY.
Q2 collections were ₹752 crore, up 47% YoY; H1 collections were ₹1,465 crore, up 39% YoY.
Q2 booking value was ₹298 crore, down 67% YoY; H1 booking value was ₹627 crore, down 52% YoY. Area sold declined 57% to 0.2 million sq ft in Q2 and 30% to 0.6 million sq ft in H1.
Consolidated continuing-operations revenue and total income were ₹824.27 crore and ₹860.86 crore in Q2, and ₹1,012.32 crore and ₹1,066.58 crore in H1.
Consolidated net profit was ₹884.11 crore in H1 FY27 versus a ₹44.90 crore loss in H1 FY26; H1 profit included discontinued-operations PAT of ₹808 crore.
Outlook and guidance
FY27 launch pipeline carries estimated GDV of ₹4,728 crore across Birla Taranya, Khar redevelopment, Birla Navya, Birla Punya and Birla Evam; ongoing projects have ₹6,619 crore of sustenance sales potential.
FY29 pre-sales target remains ₹15,000 crore; near-term annual guidance was declined, and current-year pre-sales are not expected to reach ₹8,000 crore.
Business development additions reached ~₹6,200 crore in H1; additions are expected to exceed ₹10,000 crore annual guidance within a ₹10,000–15,000 crore target range.
Planned launches include Khar in January–February, Vashi next year, new phases of Taranya and Punya, Hinjewadi in Q4 next year and Worli Tower C in Q2 next year.
Estimated cash-flow potential comprises ₹15,742 crore of pending collections and ₹6,619 crore of unsold inventory, offset by ₹12,963 crore of remaining project cost, for estimated surplus of ₹9,397 crore.
- Revenue up 19% to ₹4,570 Cr; net profit at ₹60.4 Cr after textile exit loss.500040
Q4 23/24 - Collections up 31% YoY, strategic divestment completed, and global partnerships secured.500040
Q1 26/27 - Record pre-sales and collections in Q3 FY26, with strong launches and strategic divestments.500040
Q3 25/26 - Q2 FY26 bookings up 111% YoY; strong launches, alliances, and divestments drive growth.500040
Q2 25/26 - Real estate bookings soared, pulp and paper margins fell, and net debt and cash outflows increased.500040
Q3 24/25 - Real estate bookings doubled YoY, but EBITDA and PAT declined amid major restructuring.500040
Q4 24/25 - Turnover up 28% YoY, real estate revenue surged, margins fell, and ₹1,000 crore NCDs approved.500040
Q1 24/25 - Strong real estate growth and bookings offset by textile losses and rising debt.500040
Q2 24/25 - Q1 FY26 booking value surged up to 61% YoY, with robust sales and strategic alliances.500040
Q1 25/26
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