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Aditya Birla Real Estate Ltd.

ABRELConsumer Discretionary filings

We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.

Earnings calls

24 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 24 documents here); elsewhere sentences render unattributed.

KindDatePeriodServedAttribution rate
TRANSCRIPT202011272020-03-31yes
TRANSCRIPT202102042020-03-31yes
TRANSCRIPT202105142020-03-31yes
TRANSCRIPT202108062021-06-30yes
TRANSCRIPT202111092021-09-30yes
TRANSCRIPT202202042021-12-31yes
TRANSCRIPT202205022022-03-31yes
TRANSCRIPT202208012022-06-30yes
TRANSCRIPT202211032022-09-30yes
TRANSCRIPT202302062022-12-31yes
TRANSCRIPT202305032023-03-31yes
TRANSCRIPT202307242023-06-30yes
TRANSCRIPT202310272023-09-30yes
TRANSCRIPT202410292023-09-30yes
TRANSCRIPT202402072023-12-31yes
TRANSCRIPT202405132024-03-31yes
TRANSCRIPT202407222024-06-30yes
TRANSCRIPT202501242024-12-31yes
TRANSCRIPT202505212025-03-31yes
TRANSCRIPT202507302025-06-30yes
TRANSCRIPT202608202025-06-30yes
TRANSCRIPT202511042025-09-30yes
TRANSCRIPT202602042025-12-31yes
TRANSCRIPT202605132026-03-31yes

ABREL

files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.

Identity

Statement divisiongeneral
Scope servedconsolidated
Panels on this page4

Market

No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.

Last close1,211.80
52-week range1094.9 – 1890.4
Return 1M-13.93%
Return 3M-10.02%
Return 1Y-34.32%
Return 3Y11.61%
Return 5Y26.92%
Market capitalisationnot shown — we could not confirm it
Shares outstandingnot shown — we could not confirm it
P/Enot shown — we could not confirm it
P/Bnot shown — we could not confirm it
EV/EBITDAnot shown — we could not confirm it

Latest quarter filed — period ending 2026-06-30

In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.

Revenue from operations189.00
Other income17.00
Total income206.00
Cost of materials consumed82.00
Purchases of stock-in-trade0.00
Changes in inventories-1.00
Employee benefit expense60.00
Finance costs26.00

Ownership — 2026-06-30, and the change from 2026-03-31

HolderPer centChange
promoter and promoter group0.500.00
institutions foreign0.090.00
institutions domestic0.170.00
mutual funds0.150.00
public0.490.00

Documents on file

ClassMost recentOn file
TRANSCRIPT2026-03-3124

Financial statements

Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.

Quarterly results, as filed

Line2022-09-302022-12-312023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Revenue from operations1,233.001,169.001,209.001,117.001,103.001,272.001,686.001,149.001,128.00957.00395.00146.0098.0081.0083.00189.00
Other income10.004.0010.008.0012.0026.0014.0018.0011.005.0013.0012.0015.009.0016.0017.00
Total income1,242.001,173.001,218.001,125.001,115.001,298.001,700.001,168.001,138.00961.00408.00157.00113.0090.0098.00206.00
Cost of materials consumed652.00710.00675.00648.00632.00724.001,047.00752.00682.00599.00267.0073.0043.0022.0032.0082.00
Purchases of stock-in-trade3.0031.00-3.0017.0019.0021.001.002.003.004.000.000.000.000.00-0.000.00
Changes in inventories1.00-45.0021.00-14.0061.00-5.007.00-16.0048.0024.00-0.00-2.000.001.000.00-1.00
Employee benefit expense88.0090.0086.0087.00101.0097.0086.0083.0094.00100.0047.0050.0060.0060.0059.0060.00
Finance costs15.0013.0014.0013.0017.0016.0012.0012.0017.0010.0012.007.0018.0019.0021.0026.00
Depreciation and amortisation57.0057.0057.0058.0059.0061.0055.0055.0055.0056.0016.0016.0016.0018.0018.0017.00
Other expenses308.00297.00309.00253.00256.00258.00276.00222.00213.00218.00106.0064.0065.0087.00152.00103.00
Total expenses1,125.001,151.001,158.001,062.001,145.001,171.001,484.001,110.001,112.001,009.00447.00208.00201.00207.00282.00287.00
Profit before exceptional items and tax117.0022.0060.0063.00-31.00127.00216.0058.0026.00-48.00-39.00-51.00-88.00-117.00-184.00-82.00
Exceptional items0.000.00134.00-64.000.000.000.000.000.000.00-124.000.000.00-22.00-2.000.00
Profit before tax117.0022.00194.00-1.00-31.00127.00216.0058.0026.00-48.00-163.00-51.00-88.00-139.00-186.00-82.00
Current tax25.009.0042.007.005.0034.0072.0022.0036.0016.0019.0013.008.002.0011.0010.00
Deferred tax21.005.009.00-6.00-8.007.00-21.00-0.00-21.00-27.00-61.00-19.00-27.00-36.00-92.00-26.00
Tax expense46.0014.0051.000.00-3.0041.0050.0022.0014.00-11.00-42.00-6.00-19.00-33.00-81.00-16.00
Profit for the period70.007.00142.00-7.00-33.0080.0021.0017.003.00-42.00-135.00-27.00-18.00-75.00-110.00-35.00
Profit attributable to owners72.009.00145.00-6.00-30.0083.004.008.003.00-41.00-131.00-25.00-16.00-73.0011.00-39.00
Profit attributable to non-controlling interests-2.00-2.00-3.00-1.00-2.00-3.0017.0010.000.00-2.00-4.00-2.00-2.00-2.00-5.004.00
Other comprehensive income37.00-21.00-18.0026.0031.00130.00-7.0066.0040.0012.00-59.00-1.00-2.00-9.00-12.0040.00
Total comprehensive income106.00-15.00124.0019.00-2.00210.0014.0083.0043.00-30.00-194.00-28.00-20.00-84.00-122.006.00
Earnings per share, basic6.410.7813.01-0.53-2.757.530.350.700.23-3.64-12.27-2.30-1.43-6.590.98-3.48
Earnings per share, diluted6.410.7813.01-0.53-2.757.530.340.700.23-3.61-12.27-2.30-1.43-6.590.97-3.48

Annual results, as filed

Line2020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Revenue from operations3,423.002,617.004,131.004,800.004,514.001,219.00407.00
Other income35.0062.0043.0028.0056.0038.0052.00
Total income3,459.002,678.004,174.004,827.004,570.001,257.00459.00
Cost of materials consumed1,755.001,318.002,276.002,731.002,630.00740.00171.00
Purchases of stock-in-trade48.0079.00224.0045.007.000.00-2.00
Changes in inventories-35.0046.00-58.00-59.00-10.002.000.00
Employee benefit expense302.00281.00324.00345.00321.00172.00229.00
Finance costs87.0071.0052.0054.0036.0046.0064.00
Depreciation and amortisation229.00231.00231.00227.00210.0064.0068.00
Other expenses788.00668.00921.001,210.00904.00276.00369.00
Total expenses3,174.002,695.003,969.004,553.004,098.001,299.00898.00
Profit before exceptional items and tax284.00-17.00205.00274.00472.00-42.00-439.00
Exceptional items0.000.000.00134.000.00-124.00-25.00
Profit before tax284.00-17.00205.00408.00472.00-165.00-464.00
Current tax0.00-19.0055.0093.00117.0086.0035.00
Deferred tax-94.0018.00-5.0049.0028.00-116.00-174.00
Tax expense-94.00-1.0050.00142.00145.00-30.00-139.00
Profit for the period360.00-34.00162.00265.0060.00-157.00-338.00
Profit attributable to owners365.00-30.00167.00272.0051.00-161.00-103.00
Profit attributable to non-controlling interests-5.00-3.00-5.00-7.0010.004.00-12.00
Other comprehensive income-79.0089.0059.00-59.00181.0060.00-24.00
Total comprehensive income282.0055.00221.00205.00241.00-98.00-362.00
Earnings per share, basic32.70-2.7314.9124.344.57-14.24-9.33
Earnings per share, diluted32.70-2.7314.9124.344.56-14.24-9.33

Balance sheet, as filed

Line2022-09-302023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Total assets8,251.008,452.0010,272.0010,510.0013,939.0016,533.0017,184.0020,233.00
Non-current assets4,613.004,525.004,502.004,489.004,525.002,514.002,611.002,582.00
Current assets3,638.003,926.005,707.005,970.009,359.0011,043.0011,491.0014,610.00
Property, plant and equipment3,154.003,112.003,060.002,922.002,835.00671.00651.00621.00
Capital work-in-progress196.00190.0090.0057.0080.0047.0077.0018.00
Goodwill0.000.000.000.000.000.000.000.00
Other intangible assets6.008.007.0010.009.007.007.009.00
Inventories2,850.003,256.004,442.004,726.007,818.008,943.009,487.0011,060.00
Trade receivables209.00156.00151.00166.00152.00105.0016.0017.00
Cash and cash equivalents141.0049.00221.00373.00252.00872.00681.001,362.00
Total equity and liabilities8,251.008,452.0010,272.0010,510.0013,939.0016,533.0017,184.0020,233.00
Equity3,928.004,039.003,907.004,095.004,107.003,888.003,797.003,699.00
Equity share capital112.00112.00112.00112.00112.00112.00112.00112.00
Other equity3,661.003,775.003,650.003,867.003,938.003,729.003,668.003,589.00
Total liabilities4,323.004,413.006,364.006,415.009,831.0012,645.0013,387.0016,534.00
Non-current liabilities797.001,034.002,354.002,914.003,902.004,228.004,146.004,249.00
Current liabilities3,526.003,379.004,010.003,502.005,929.007,903.008,804.0011,883.00
Borrowings, non-current208.00418.001,761.002,374.003,385.003,709.003,598.003,761.00
Borrowings, current1,164.00641.00498.00128.001,368.001,288.001,892.001,875.00
Trade payables819.00786.00930.00748.001,119.00827.00667.00661.00

Cash flow, as filed

Line2022-09-302023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Net cash from operating activities108.00271.00-404.00-315.00-2,007.00-1,293.00-305.00747.00
Net cash from investing activities26.00138.00-392.00-524.00-154.00-438.00-117.00-588.00
Net cash from financing activities-23.00-553.00895.001,272.001,814.002,218.00203.00299.00
Purchase of property, plant and equipment68.00121.0066.00181.0040.00286.00128.00212.00
Net increase in cash111.00-144.0099.00433.00-348.00487.00-220.00458.00
con:CFO.BEFORE_TAX153.00346.00-337.00-179.00-1,962.00-1,243.00-264.00867.00
con:INTEREST_RECEIVED.OPERATING0.000.000.000.000.00-6.00-3.000.00
con:INTEREST_PAID.OPERATING0.000.000.000.000.0055.00-28.000.00
con:DIVIDENDS_RECEIVED.OPERATING0.000.000.000.000.00-9.00-3.000.00
con:TAX_PAID.OPERATING45.0075.0067.00136.0045.00-97.0064.00119.00
con:CF_OTHER.OPERATING0.000.000.000.000.00-77.000.000.00
con:INVESTMENTS_PURCHASED0.000.000.000.000.000.000.000.00
con:INVESTMENTS_SOLD0.000.000.000.000.000.000.000.00
con:PPE_DISPOSALS1.003.001.006.006.00166.0028.00126.00
con:CF_INVESTING.SUBSIDIARIES_SOLD0.00130.000.00-95.000.000.000.000.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED0.000.000.000.000.000.000.000.00
con:CF_INVESTING.JV_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.JV_ACQUIRED0.0010.000.000.000.000.000.00102.00

Who owns it

The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.

Holder2023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Promoter and promoter group50.2150.2150.2150.2150.2150.2150.2150.2150.2150.210.500.500.500.50
Domestic institutions16.0715.2416.0917.3916.5315.7515.8915.3315.8616.740.160.170.160.17
Mutual funds—————————14.680.140.150.150.15
Insurance companies0.840.610.430.480.820.860.880.870.690.770.010.010.010.01
Foreign institutions7.928.086.656.427.478.519.429.549.299.110.090.090.090.09
Government—————————0.010.000.000.000.00
Public49.7948.6748.6748.6748.6748.6748.7548.7548.7548.750.490.490.490.49
Non-institutional25.8025.3525.9324.8624.6724.4123.4423.8823.5922.890.230.230.230.23
Shares outstanding111695680111695680111695680111695680111695680111695680111695680111695680111695680111695680111695680111695680111695680111695680

Related parties

Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.

CounterpartyRelationshipTypeAmount in the periodTransactions
Birla Estates Private LimitedWholly Owned SubsidiaryAny other transaction, Interest received, Investment11,551,700,000.0014
Ekamaya Properties Pvt LtdSubsidiaryAny other transaction, Interest received, Loan6,358,900,000.003
Vyapak Properties Pvt. Ltd.SubsidiaryInterest received, Loan2,268,300,000.002
Birla Advanced Knits Private LimitedJoint VentureAny other transaction, Interest paid, Investment, Sa361,800,000.009
Pilani Investment and Industries Corporation LimitedCommon DirectorshipDividend paid184,900,000.001
Aditya Birla New Age Hospitality Private LimitedCommon DirectorshipAny other transaction104,200,000.004
Shri K T JithendranManaging DirectorAny other transaction, Remuneration93,700,000.002
CTIL Employee Welfare TrustEmployees Welfare TrustAny other transaction69,200,000.002
Birla Arnaa LLPSubsidiaryAny other transaction, Interest received, Loan66,800,000.008
Aditya Birla Management Corporation Private LimitedCommon DirectorshipAny other transaction42,300,000.003
Pension & Provident Fund Trust of Century Textiles &Employees Pension and Provident FuAny other transaction40,500,000.001
Shri RAJENDRA KUMAR DALMIAManaging DirectorRemuneration28,800,000.001
Century Textiles & Industries Ltd. Employee Gratuity FunEmployees Gratuity FundAny other transaction17,000,000.001
Shri Snehal ShahChief Financial OfficerRemuneration11,400,000.001
Antimatter Media Pvt. Ltd.Common DirectorshipAny other transaction6,400,000.002

What management said

Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.

DateQuarterWho spoke
2026-08-20Q1FY26ADITYA BIRLA REAL ESTATE, BIRLA REAL ESTATE, REAL ESTATE, os,vaRead the call
2026-05-13Q4FY26-1) ~~rf.i~, ADITYA BIRL, BIRLA REAL ESTATE LIMITED, Powering India s InvestmentsRead the call
2026-02-04Q3FY26BIRLA REAL ESTATE LIMITED, ESTATES, PRIVATE LIMITED, REAL ESTATERead the call
2025-11-04Q2FY26BIRLA REAL ESTATE LIMITEDRead the call
2025-07-30Q1FY26ADITYA BIRLA REAL ESTATE, BIRLA REAL ESTATERead the call
2025-05-21Q4FY25BIRLA REAL ESTATE LIMITEDRead the call
2025-01-24Q3FY25BIRLA REAL ESTATE LIMITEDRead the call
2024-10-29Q2FY24BIRLA REAL ESTATE LIMITEDRead the call
2024-07-22Q1FY258 IIFL SECURITIES, ADITYA BIRlARead the call
2024-05-13Q4FY24ADITYA BIRLA, ANTIQUERead the call
2024-02-07Q3FY24ADITYA BIRLA, CENTURY, INDUSTRIES LIMITED, TEXTILES AND INDUSTRIES LIMITEDRead the call
2023-10-27Q2FY24INDUSTRIES LIMITEDRead the call
2023-07-24Q1FY24INDUSTRIES LIMITED, to 1.3% in 2023.Read the call
2023-05-03Q4FY23AOITYA BIRLA, INDUSTRIES LIMITED, MANAGEMENTRead the call
2023-02-06Q3FY23LIMITED, TEXTILES AND INDUSTRIES LIMITEDRead the call
2022-11-03Q2FY23ANTIQUE, BIPLAB, INDUSTRIES LIMITED, LIMITED, PAPERRead the call
2022-08-01Q1FY23AND INDUSTRIES LIMITED, CENTURY, SECURITIES INDIA PRIVATE LIMITED, TEXTILES AND INDUSTRIESRead the call
2022-05-02Q4FY22ANTIQUE, BROKING LTD., CENTURY TEXTILES & WHOLE-TIME, INDUSTRIES LIMITED, LIMITEDRead the call
2022-02-04Q3FY22Read the call
2021-11-09Q2FY22Read the call
2021-08-06Q1FY22Read the call
2021-05-14Q4FY20Read the call
2021-02-04FYFY20Read the call
2020-11-27FYFY20Read the call

What they said about it, quarter by quarter

TopicQ3FY25Q3FY26Q4FY20Q4FY22Q4FY23Q4FY24Q4FY25Q4FY26
CapexAnd our capex that is happening is continuing to happen.——With the recent announcements in the union budget on boosting public infrastructure to enhance capital expenditure, it is expected to augment growth i…Given the volatility in your various businesses, would you be looking at any major capex apart from the construction in the real estate business is qu…We have a lot of capex planned to overtake all these issues that we had in the bottlenecks.How would be the cash flow positioning for the upcoming year considering that what like we have done a deal of getting the paper business so that cash…And how much capex do we plan to spend on the BD this year, sir?
Capital allocationBut there has been an increase because of Boisar land acquisition, which is in the tune of about 1.4 million square feet.———Do we have any internal targets in terms of BD acquisition?—A significant part of that about close to Rs.1,300 crores is towards the Worli acquisition, 10 acres.So like can you share the current active BD discussions like by geographies, which is MMR, NCR, Bangalore and Pune and the preferred asset-light versu…
CostsI think the cost pressures will continue.—So that is the increase in input costs that you were mentioning, because I think the cost otherwise on board would not have gone up for us that much e…Well, it is very difficult to say whether we can go to 20%, but it is -- we can surely say that it would be definitely better in the quarter four, bec…And as regards the imports of the board because the board prices were quite high because of the raw material prices being very high.—What I have said always is that by the time we complete this construction over the next six, seven, eight years, we will achieve an average price over…—
Debt and cashThat will help in reducing the net debt to us.As far as cash is concerned, most of our projects are working in negative working capital because of very strong sales and very strong collections.I will just give you kind of a ballpark figure considering, what I will do is I will probably give you little aggressive targets of our real estate bu…—Yes, most of our free cash flows from particularly our pulp & paper business will go into supporting the real estate business growth.So our net debt right now is somewhere around INR2,050 crores.And sir, one more question is related to our cash flows.And lastly, on -- so I just wanted to know like what are we seeing in terms of target steady state, operating cash flows, conversion from presales ove…
DemandAnd there is the demand-supply part, probably it will also continue because there are new capacities that have come up in the market and all that.Akash, yes, as I mentioned, we have a very strong BD pipeline.Now, is the demand enough that you will be able to fully utilize this capacity or it picks gradually over a period of time?During the quarter copier grade paper remained in high demand in quarter four of FY ‘22 due to opening up of offices, slow down in Omicron cases and i…But as, you know, when the demand was in trouble, so the high prices didn't mind so the imports came at a lower price.So my question is how do you see given there's a lot of projects coming up, a lot of demand also there, but a lot of supplies are coming up.There is no problem with the demand as such, or is the demand slowing down in the market?And in terms of, let's say, any business development we sign off from here on, right, we saw Khar is getting added to the FY '27 launch pipeline and w…
GuidanceSo together, we expect to launch about INR8,000 crores of new projects worth of inventory.K.T. in the last call, you spoke about maintaining the FY '26 sales guidance of INR8,000 crores.For future outlook for the tissue, we are quite optimistic that the future outlook of the tissue, especially in this country as well as in the interna…So my couple of questions that I have mostly pertaining to the real estate part of the business, the first one is, how many projects do we expect to a…And when can we expect revenue from these projects?So earlier, I guess our guidance stood at 15% operating margins in the division.And given a context, we are planning to launch around Rs.14,000 crores of GDV across eight, nine projects during FY26. If you can give the sequencing …Or for this year, roughly INR10,000 crores kind of launch guidance should be the number to look at?
MarginSo, Akash, on the lost part of real estate, basically, the reason is, of course, our corporate overheads are going up and we were expected to realize …I think there's a huge opportunity for us to redesign and create a huge margin on this project for the balanced inventory.We are on the EBITDA margin of in the range of 24% to 25%.In quarter four, FY ‘22 our net sales grew by 46% YoY to INR 824 crore, driven by higher volumes and better realizations, while EBITDA grew by 54% to …And could you quantify the gross margin impact in the fourth quarter of March if you saw some impact over there?I think it is not percentage, it is INR15 per kg of paper is the margin that we are aspiring for.Because we had lot of launches this year, particularly in the last quarter, so therefore we had a significant amount of expenses which we had to charg…We are building it, and I think we can get a healthy margin.
PeopleAnd the pulp and paper business may just marginally improve its turnover, which would depend slightly on the volumes that we have planned in terms of …—Start by helping me understand, how the capacity utilization levels across the different segments are at this point in time and have you been impacted…For the fourth quarter of financial 2022, our outperformance momentum continued with the business achieving the production of 1,17,000 metric tons wit…———I only know that we have so much of inventory here, and we have to do the best utilization of that.
PricingSo that pressure will continue, particularly imported pulp because of the dollar -- rupee depreciation also would impact the pricing of that.But we remain very optimistic about the Worli market given our product pricing, location, size, brand, etcetera, I think we are pretty confident that …Can you give some outlook on the pricing?Operational cost witnessed sharp increase in raw material prices, including wood, imported pulp, waste paper, coal, chemicals, and increased freight c…And finally, you mentioned about imports impacting pricing negatively.But we are pretty hopeful that given our brand, given our execution capabilities, and our pricing power, I think we we'll be able to secure a few good…—So how are you -- like do you see any slowdown in luxury absorption or pricing resistance given the increase in South Mumbai supply like amongst the p…
Revenue growthI mean our focus in terms of revenue growth is going to be in the real estate sector, because we have no plans to add any capacities in our pulp and p…We're expecting a top line of about INR650 crores from there.——10,000 crores overall, top line company?But in a profit sharing, the entire top line is fully recognized.——

What they said they would do

Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.

DateQuarterWhoWhat they said
2026-05-13Q4FY26Powering India s InvestmentsThis year, we should be spending INR 1,200-odd crores for construction.
2026-08-20Q1FY26ADITYA BIRLA REAL ESTATE1,000 crores for the FY27, or it will escalate and what will be collection guidance for FY27?