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

Executive summary

• Achieved up to 61% YoY growth in booking value to ₹4,225 Mn and 12% YoY growth in collections in Q1 FY26, with a focus on execution, consolidation, and a robust launch pipeline amid strong real estate demand, especially in luxury and key urban markets.

• Strategic partnerships and investments with IFC and Mitsubishi Estate Company support growth, ESG, and risk management.

• Major divestment of Century Pulp & Paper for €34.98 Bn and exit from textiles to focus on core real estate business.

• Strengthened brand visibility through IPL sponsorship and continued ESG focus, including GRESB and BEE certifications.

• 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.

Financial highlights

• Booking value for Q1 FY26 reached up to ₹4,225 Mn, up as much as 61% YoY; area sold grew 327% YoY to 0.3 million sq ft.

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

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

• Standalone total income for Q1 FY26 was ₹127.45 crore; consolidated total income was ₹157.41 crore.

• Outstanding debt as of June 2025 was ₹50,646 Mn, with net debt at ₹39,459 Mn.

Outlook and guidance

• Robust launch pipeline with estimated GDV over ₹139,323 Mn for FY26 and total portfolio GDV of ₹698,690 Mn, focusing on Mumbai, Gurugram, Thane, Boisar, Bengaluru, NCR, and Pune.

• Most launches scheduled for Q3 and Q4 FY26, with regulatory approvals underway.

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

• Company is divesting pulp and paper business and has discontinued textile operations to focus on real estate.