| Management target | Revenue 3 years |
|---|
| Revenue growth | Collections up 31% YoY; net bookings hit by cancellations. |
|---|---|
| Margins | Targeting 25-30% margins on new Vashi and redevelopment projects. |
| Order book | ₹60,000 Cr BD pipeline; ₹9,600 Cr launches planned for FY27. |
| Demand visibility | Strong premium demand in Mumbai; NCR and Bengaluru markets seen heating. |
| Management confidence | Extremely confident, emphasizing 'prudence' over aggressive growth compared to peers. |
Growth
Collections grew 31% YoY to ₹713 Cr; however, net sales were muted due to high-value cancellations.
Outlook
Management maintains a 3-year pre-sales guidance of ₹15,000 Cr and ₹10,000-15,000 Cr BD target for FY27.
Risks
High cancellations at flagship Birla Niara project and heavy dependence on M-M-R redevelopment approvals.
Last quarter's promises, checked
Delivered
- Guided Q4 FY26 launch of Birla Taranya → Delivered ₹952 Cr sales (= BEAT)
- Guided Q4 FY26 launch of Birla Arika Phase 2 → Delivered 97% inventory sold (= BEAT)
- Guided Q4 FY26 launch of Birla Punya Phase 2 → Delivered ₹250 Cr sales (= BEAT)
Partly delivered
- Guided ₹15,000 Cr sales by FY28 → Management now suggests slip to FY29 (= PARTIAL)
Missed
- Guided Niyaara Tower C launch H1 FY27 → Delayed to Q2/Q3 FY27 (= MISS)
Earnings Call Transcript filed with BSE, NSE: ABREL. Summary written with AI assistance from the document.
Aditya Birla Real Estate Ltd: key numbers
- Share price
- ₹1,049.40
- Market cap
- ₹11,721 Cr
- Revenue (annual)
- ₹407.2 Cr
- Net profit (annual)
- ₹-103.2 Cr
- P/E (TTM)
- -100.8×Sector 34.4×
- Promoter holding
- 50.21%+0.00% QoQ
- FII holding
- 9.26%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Aditya Birla Real Estate Ltd
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- Value
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