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Aditya Birla Real Estate Q2 FY27 Share Price & Earnings Call Analysis

₹1,042.70-1.05% today
Market cap
₹11,649 Cr
ROE
-2.64%
Price to sales
25.86
Debt to equity
1.52
52W high / low
₹1,890 / ₹1,015
Sales growth (5Y)
-31.07%
EBITDA margin
-85.83%
Net profit margin
-27.23%
Promoter holding
50.21%
Sales (last year)
₹450 Cr

Century Textiles and Industries Ltd has transformed from a single-unit textile entity in 1987 into a commercial powerhouse with interests in diverse industries. Currently, the business house is a trendsetter in cotton textiles and also has a remarkable presence in the Pulp and Paper and Real Estate sectors. [1]

Guidance scorecard · Q2 FY27 call

What Aditya Birla Real Estate Ltd's management guided
and where it ranks in Realty

#30of 41 in
Realty
Revenue10–20%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookFlat

RevenueQ1 FY27 call

10–20%
  • Confident in achieving long-term guidance of Rs. 15,000 crores in pre-sales over the next 2-3 years.
  • Business development (BD) target for current year is Rs. 10,000 to Rs. 15,000 crores.
  • Pipeline of Rs. 74,000 crores GDV, with Rs. 32,000 crores launched and Rs. 42,000 crores in pipeline, growing prudently each year.
  • Expect growth driven by premium housing demand in key micro-markets like Mumbai (MMR), NCR (Gurgaon, Noida), Bengaluru, and Pune.
  • Commercial development of 1.3 million sq ft at Birla Niyaara to start construction by end of FY27, targeting Rs. 800 crores annual leasing on stabilization.

2 more points from Aditya Birla Real Estate Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Aditya Birla Real Estate Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Birla Niyaara commercial development: Planning to commence construction of ~1.3 million sq ft of commercial space with expected Rs. 800 crores annual leasing when stabilized. Construction expected to start before end of FY26.
  • CapEx mainly on construction spend; land already owned, minimizing upfront land capital outlay.
  • Considering private equity/institutional partners (IFC or MUFG) to share investment risk on commercial projects.
  • Redevelopment possibilities: Evaluating Century Bhavan redevelopment; no near-term plans to redevelop Birla Centurion or Aurora as they are fully occupied and relatively new.

2 more points from Aditya Birla Real Estate Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Aditya Birla Real Estate Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Flat
  • Aditya Birla Real Estate currently has a business development (BD) pipeline of approximately Rs. 60,000 crores in Gross Development Value (GDV).
  • For the financial year, the company aims to secure BD deals worth Rs. 10,000 to Rs. 15,000 crores.
  • There have been some challenges in business development including right pricing, location, risk management, and due diligence processes.
  • Despite the challenges, management is confident of closing deals and is pursuing multiple strong opportunities across markets including Mumbai, NCR (Gurgaon and Noida), Bengaluru, and Pune.
  • The company’s focus remains on outright purchases, with more than 50% of BD pipeline as outright deals complemented by joint ventures.

2 more points from Aditya Birla Real Estate Ltd's call on the order book

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Full Q1 FY27 analysis
Full Realty ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Realty
on management's own guidance

  1. Sobha LtdGood growth
    2
  2. Strong growth
    1
  3. Man Infraconstruction LtdGood growth
    3
See all potential multibaggersWhere does Aditya Birla Real Estate Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Realty companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹12,035 Cr41.1
2Sobha Ltd20–40%Up 2%+₹12,548 Cr54.4
3Man Infraconstruction Ltd20–40%Up 2%+₹4,602 Cr21.2
420–40%Up 2%+₹1,157 Cr12.7
520–40%Flat₹1.06L Cr25.6
620–40%Flat₹61,922 Cr23.4

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Financials of Aditya Birla Real Estate Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Aditya Birla Real Estate Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +50.21%50.21%50.21%50.21%50.21%50.21%50.21%50.21%50.21%50.21%50.21%50.21%
FIIs +6.42%7.46%8.52%9.41%9.53%9.28%9.11%9.11%8.96%9.04%9.26%8.99%
DIIs +17.39%16.54%15.76%15.90%15.33%15.86%16.74%16.43%16.90%16.40%16.63%16.84%
Government +0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.01%0.01%0.01%0.00%0.00%
Public +24.86%24.68%24.41%23.43%23.89%23.60%22.89%23.22%22.91%23.34%23.14%23.28%
Others +1.12%1.12%1.12%1.05%1.05%1.05%1.05%1.03%1.02%1.00%0.75%0.68%
No. of Shareholders68,30169,46391,17898,9941,07,9551,06,6151,05,2951,07,2361,01,62396,98295,59493,164

Financials of Aditya Birla Real Estate Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +8631,070814353266204395146988183189825
Expenses +814879615316239222425188172172248246667
Operating Profit491911993827-18-31-42-74-91-166-57158
OPM %6%18%24%11%10%-9%-8%-29%-75%-112%-200%-30%19%
Other Income +-123-1141914-8-11932711912949811
Interest108101115812718192126-0
Depreciation51531516161616161618181720
Profit before tax-2413360309-50-177-33-37-108-76-51949
Tax %36%40%66%42%69%-15%-24%-18%-51%-31%-107%-32%3%
Net Profit +-338021173-42-135-27-18-755-35919
EPS in Rs-2.737.460.340.700.23-3.63-11.73-2.28-1.41-6.520.97-3.4576.86

Financials of Aditya Birla Real Estate Ltd

Profit & Loss

Annual income statement trend

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +7,6453,8983,9443,4232,6174,1313,8321,1011,2194071,178
Expenses +6,7213,0922,9922,8552,3933,6873,2658791,2037751,333
Operating Profit92480595156822444456722116-368-155
OPM %12%21%24%17%9%11%15%20%1.3%-90%-13%
Other Income +621385,673144351101-21-942461,008
Interest5512121028771523430466465
Depreciation31319919322923123119659646874
Profit before tax1225326,330267-35212437112-188-254714
Tax %14%30%4%-35%-4%24%40%46%-16%-55%
Net Profit +1053726,063360-3416226560-157-115814
EPS in Rs9.4033.27542.8132.70-2.7314.9124.344.52-14.44-9.2467.86
Dividend Payout %59%20%1%9%-37%27%21%111%-14%-27%

Financials of Aditya Birla Real Estate Ltd

Balance Sheet

Capital structure and asset base

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital112112112112112112112112112112112
Reserves2,3702,6363,1823,3683,3933,6073,7753,8673,7293,5894,460
Borrowings +5,7004,3691,0201,4001,0491,3361,0592,5024,9975,6363,643
Other Liabilities +2,1543,2141,8611,8682,1412,6843,4654,0187,64610,89510,840
Total Liabilities10,33610,3316,1756,7476,6937,7398,41110,49916,48320,23319,054
Fixed Assets +7,3097,2564,4304,2934,1394,0593,9523,7341,4371,3661,354
CWIP343527517621021119058261925
Investments2582231831072384092286921,0851,5122,286
Other Assets +2,7342,8171,2872,1712,1063,0604,0416,01513,93517,33615,389
Total Assets10,33610,3316,1756,7476,6937,7398,41110,49916,48320,23319,054

Financials of Aditya Birla Real Estate Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +9402,209548-23566-51271-315-1,293747
Cash from Investing Activity +-247-195-123-241-92-176138-524-438-588
Cash from Financing Activity +-175-1,795-677392-471207-5531,2722,218299
Net Cash Flow518219-2531284-21-144433487458
Free Cash Flow7942,056472-225481-177283-490-1,413661
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit105%289%78%18%180%3%61%-81%-7,452%-236%

Financials of Aditya Birla Real Estate Ltd

Ratios

Working capital efficiency and return ratios

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days24391919221915553115
Inventory Days232328174362486429716
Days Payable129190130133200158173
Cash Conversion Cycle12617864248308290558553115
Working Capital Days-109-182-19-1654-437592517310
ROCE %10%112%8%1%5%8%4%-0%-4%

Guidance history

How Aditya Birla Real Estate Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlanned—Flat
Q4 FY26 call →10–20%FlatPlanned—Rising
Q3 FY26 call →20–40%FlatPlannedPlannedFlat
Q2 FY26 call →20–40%FlatPlannedPlannedRising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

4out of 100

Momentum score · price trend

4 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−42.6%9%
Last 6 months−29.8%8%
Last 3 months−24.3%8%

The price is 65.8% below its all-time high of ₹3,052.8 (18 Oct 2024). Stocks more than 20% below their peak have their score halved, so 8 became 4.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Aditya Birla Real Estate Ltd: 0.4 × 9 + 0.4 × 8 + 0.2 × 8 = 8, halved to 4 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Aditya Birla Real Estate Ltd's management said in earlier quarters

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