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Earnings Call Transcript

Aditya Birla Real Estate Earnings Call Transcript: Key Takeaways

Strong H1 revenue and collection growth driven by project deliveries, though Niara Tower C delay impacts immediate pre-sales trajectory.

Highlights
Revenue growthH1 revenue up 309% YoY to ₹355 Cr.
MarginsEBITDA margins stable at 25-35% across key projects.
Demand visibilityStrong residential demand in MMR, Pune, and NCR micro-markets.
Management confidenceConfident, focusing on long-term value over short-term launch timelines.

Growth

Revenue surged 309% YoY to ₹355 Cr in H1; cumulative collections crossed ₹10,000 Cr milestone.

Outlook

Management maintains ₹15,000 Cr pre-sales guidance by FY29; added ₹8,000 Cr GDV potential recently.

Risks

Niara Tower C redesign defers launch to FY28, potentially softening FY27 pre-sales targets.

Last quarter's promises, checked

Delivered

  • Net debt 'nearly zero' → zero (= BEAT)
  • Tower-1 RERA Mar-2028 → delivering 4-5 months ahead of RERA (= BEAT)

Partly delivered

  • BD ₹10,000-15,000 Cr GDV FY27 → ₹8,000 Cr added (= PARTIAL)
  • ₹9,600 Cr FY27 launches 'on track' → Niyaara C slipped; Khar, Vashi, Pune pending (= PARTIAL)
  • Project margins 25-30% → EBITDA 25-35% key projects (= PARTIAL, metrics differ)

Missed

  • Niyaara C launch early/mid Q3 FY27 → deferred to FY28 (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: ABREL. Summary written with AI assistance from the document.

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Aditya Birla Real Estate Ltd: key numbers

Share price
₹1,054.00
Market cap
₹11,773 Cr
Revenue (annual)
₹407.2 Cr
Net profit (annual)
₹-103.2 Cr
P/E (TTM)
15.5×Sector 34.0×
Promoter holding
50.21%+0.00% QoQ
FII holding
8.99%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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