India · Delayed Price · Currency is INR Aditya Birla Real Estate Earnings Call Transcripts
Fiscal Year 2026
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Q4 FY26 saw record pre-sales and strong collections, driven by successful launches across key regions. The BD pipeline remains robust, with significant liquidity for expansion, though launch timing is subject to regulatory approvals and market conditions.
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Q3 FY26 saw record pre-sales and collections, driven by premium housing demand and successful launches. Management remains confident in meeting FY26 and FY28 sales targets, with a strong pipeline and robust cash flows supporting growth.
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Sales bookings surged 111% sequentially in Q2 FY26, with strong demand in luxury housing and robust launch pipeline ahead. Cash flow is set to improve with upcoming collections, and the company remains confident in achieving its FY26 targets.
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Q1 FY26 saw strong year-on-year growth in bookings and collections, despite no new launches, as the company focused on execution and consolidation. Strategic partnerships and a robust launch pipeline support long-term growth, with annual sales guidance of INR 15,000 crore over three years.
Fiscal Year 2025
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FY2025 saw booking value and collections more than double year-over-year, with revenue up 11% and strong launches in NCR, Bengaluru, and Pune. The company is targeting over INR 15,000 crore in annual pre-sales within three years, supported by a robust project pipeline and strategic capital allocation.
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Q3 FY25 saw a 4% year-on-year revenue decline and a net loss, but nine-month results showed 18% growth and a net profit. Real estate bookings and collections surged, with strong project launches planned for Q4. Pulp and paper faced margin pressure from weak demand and rising costs.
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Q2 FY25 saw 32% year-on-year revenue growth and strong real estate performance, with major land acquisitions and robust bookings. Management maintains FY25 pre-sales guidance, expects continued sector strength, and is focusing capital allocation on real estate, while pulp and paper faces ongoing challenges.
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Q1 FY25 saw a 28% year-on-year revenue increase, led by an 800% surge in real estate revenue, while EBITDA margin declined to 11%. Major land acquisitions and strong project-level margins support a positive outlook, though the paper segment faces subdued demand and high input costs.