Aditya Birla Real Estate (500040) Q4 23/24 earnings summary

Executive summary

• Revenue grew 19% year-over-year to ₹4,570 Cr, driven by robust real estate sales and steady pulp & paper performance.

• Net profit for the year was ₹60.4 Cr, impacted by a one-time loss from discontinued textile operations.

• EBITDA from continuing operations reached ₹717.7 Cr, reflecting operational efficiency and cost control.

• The Board recommended a 50% dividend (₹5/share), maintaining payout levels.

Financial highlights

• Consolidated revenue: ₹4,570 Cr (up from ₹3,856 Cr in FY23).

• EBITDA: ₹717.7 Cr (vs. ₹593.3 Cr in FY23).

• Net profit: ₹60.4 Cr (vs. ₹264.6 Cr in FY23), affected by ₹214 Cr provision for textile business exit.

• Operating margin: 5.86%; net margin: 1.13%.

• Dividend payout ratio: 50%.

Outlook and guidance

• Real estate segment to remain the primary growth driver, with a project pipeline exceeding ₹45,000 Cr in potential sales.

• Pulp & paper division expects moderate growth, focusing on sustainable products and cost optimization.

• Company to continue investments in green energy, digitalization, and operational excellence.