Aditya Birla Real Estate (500040) Q1 26/27 earnings summary

Executive summary

• Strong macroeconomic momentum in India supported real estate sector growth, with high-value housing and commercial office demand leading the market, especially in MMR and Bengaluru.

• Achieved strong YoY growth in Q1 FY27 with collection value up 31% to ₹713 Cr, led by Pune region contributing 36%.

• Strategic divestment of Century Pulp & Paper to ITC completed in August 2026, focusing on core real estate business.

• Secured major partnerships with IFC and Mitsubishi Estate for project development and capital infusion.

• Consolidated revenue from operations for the quarter ended June 30, 2026, was ₹188.05 Cr, up from ₹144.21 Cr in the same quarter last year.

Financial highlights

• Q1 FY27 collections at ₹713 Cr, a 31% increase year-over-year from ₹445 Cr in Q1 FY26.

• Net sales for the quarter at ₹327 Cr, with gross sales exceeding ₹700 Cr, impacted by cancellations and terminations.

• Net total income rose 57% YoY in Q1 FY27; net leasing income up 27%.

• Consolidated PAT from continuing operations at ₹17 Cr in Q1 FY27.

• Operating cash inflow at ₹700 Cr; net operating cash flow positive at ₹52 Cr.

Outlook and guidance

• Confident in achieving medium-term pre-sales target of ₹15,000 Cr over the next three years.

• FY27 launch pipeline includes projects with estimated GDV of ₹9,596 Cr and 3.3 Mn sq ft saleable area.

• Sustenance sales potential from ongoing projects estimated at ₹6,917 Cr.

• Management expects to benefit from the new tax regime starting FY27, having reversed deferred tax liabilities accordingly.

• Planned launches worth ₹9,600 Cr for FY27, mostly scheduled for Q3 and Q4, with approvals on track.