ABREL
Aditya Birla Real Estate share price & financials
- Price
- ₹1,448.6
- Market cap
- ₹16.1k Cr
- Sector
- Realty
- Calls analysed
- 8
Aditya Birla Real Estate Limited Q1 FY27
What went well
- Collections remained robust at Rs. 713 crores in Q1 FY27, representing a 31% year-on-year increase from Rs. 445 crores in Q1 FY26.
- The Birla Taranya project achieved booking value of over Rs. 1,000 crores within three months of receiving RERA approval, demonstrating strong customer acceptance.
- The total residential redevelopment portfolio increased to approximately Rs. 4,300 crores GDV with the addition of a new Vashi project (potential GDV of Rs. 2,600 crores).
What to watch
- Sustenance sales were relatively weaker at Rs. 329 crores, partly due to cancellations, though these were re-booked at higher prices.
- Launches were muted in Q1 FY27, with most planned launches scheduled for Q3 and Q4.
What Aditya Birla Real Estate Limited does
Aditya Birla Real Estate Limited (formerly Century Textiles and Industries Limited) develops premium and luxury residential real estate along with a smaller commercial leasing portfolio under the 'Birla Estates' brand, which it launched in 2016. It sources land through outright purchases as well as asset-light joint ventures/joint development agreements with landowners, and earns from unit sales (booking value collected over the construction period under the completed-contract method) plus rental income from its owned commercial buildings. Following the divestment of its legacy Century Pulp and Paper division to ITC Ltd., the company now operates as a pure-play real estate developer.
Segments
- Real Estate (Birla Estates)
- Markets of presence
- 4 regions — Mumbai Metropolitan Region (MMR), Bengaluru, National Capital Region (NCR), Pune
- Total project portfolio
- 20 projects (9 in MMR, 5 in Bengaluru, 4 in NCR, 2 in Pune) spanning completed, ongoing and unlaunched developments
- Total land bank
- 348 acres
- Total saleable area across portfolio
- ~35.1 Mn sq ft
- Ongoing residential projects
- 13 projects with 16.1 Mn sq ft of saleable area
- Operational commercial portfolio
- 2 leased office towers — Birla Aurora and Birla Centurion, both in Mumbai — together spanning ~0.58 Mn sq ft of leasable area
Guidance record · Q1 FY27
what the last two calls moved 21 tracked 3 delivered 7 missed 11 open- Paper Business Divestment Completion delivered said Q1 FY26 Promised: End of Calendar Year 2025 Q1 FY27: Management confirmed the successful completion of the divestment to ITC, receiving Rs. 3,325 crores (approx. 95% of the consideration).
- FY25 Pre-sales Guidance went quiet said Q2 FY25 Promised: ₹7,000 - ₹8,000 crores Q1 FY27: FY25 results were not discussed. Promise remains ghosted.
- Niyaara Phase 3 Launch delayed said Q1 FY26 Promised: late Q3 or early Q4 FY26 Q1 FY27: Launch timeline further clarified to 'early Q3 or mid Q3' FY27, contingent on RERA approval by end of Q2. This represents another slight pushback within the previously guided H1/Q3 timeframe.
All 21 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 29.5%, net profit down 29.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 266 | 204 | 395 | 146 | 98 −63% | 81 −60% | 83 −79% | 189 +29% |
| EBITDA | 27 | -18 | -31 | -42 | -74 −374% | -91 −406% | -166 −435% | -57 −36% |
| Net profit | 3 | -42 | -135 | -27 | -18 −700% | -75 −79% | 5 +104% | -35 −30% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −28.5% 1Y
1Y: ₹1,793.6 on 10 Sept 2025 → ₹1,281.6. High ₹1,931.1 (17 Sept 2025), low ₹1,094.9 (16 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- +0.7%
- 14 Aug
- Q4 FY26
- +2.7%
- 7 May
- Q3 FY26
- −1.7%
- 29 Jan
- Q2 FY26
- +7.3%
- 29 Oct
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue fell 55.3% a year over 3 years, FY23 to FY26. Operating margin narrowed to -91.4%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹4.6k Cr | ₹3.6k Cr | ₹1.2k Cr | ₹408 Cr |
| Operating profit | ₹552 Cr | ₹575 Cr | ₹16 Cr | ₹-373 Cr |
| Operating margin | 12.1% | 15.8% | 1.3% | -91.4% |
| Interest | ₹48 Cr | ₹34 Cr | ₹46 Cr | ₹65 Cr |
| Depreciation | ₹219 Cr | ₹169 Cr | ₹64 Cr | ₹68 Cr |
| Net profit | ₹264 Cr | ₹61 Cr | ₹-157 Cr | ₹-115 Cr |
| Net margin | 5.8% | 1.7% | -12.9% | -28.2% |
| Cash from operations | ₹271 Cr | ₹-315 Cr | ₹-1.3k Cr | ₹747 Cr |
| Free cash flow | ₹283 Cr | ₹-490 Cr | ₹-1.4k Cr | ₹661 Cr |
| ROCE | 8.0% | 4.0% | 0.0% | -4.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹112 Cr | ₹112 Cr | ₹112 Cr | ₹112 Cr | ₹112 Cr | ₹112 Cr |
| Reserves | ₹3.4k Cr | ₹3.6k Cr | ₹3.8k Cr | ₹3.9k Cr | ₹3.7k Cr | ₹3.6k Cr |
| Borrowings | ₹1.0k Cr | ₹1.3k Cr | ₹1.1k Cr | ₹2.5k Cr | ₹5.5k Cr | ₹5.6k Cr |
| Other liabilities | ₹2.1k Cr | ₹2.7k Cr | ₹3.5k Cr | ₹4.0k Cr | ₹7.9k Cr | ₹10.9k Cr |
| Total liabilities | ₹6.7k Cr | ₹7.7k Cr | ₹8.4k Cr | ₹10.5k Cr | ₹17.2k Cr | ₹20.2k Cr |
| Fixed assets | ₹4.1k Cr | ₹4.1k Cr | ₹4.0k Cr | ₹3.7k Cr | ₹1.4k Cr | ₹1.4k Cr |
| Capital work in progress | ₹210 Cr | ₹211 Cr | ₹190 Cr | ₹58 Cr | ₹45 Cr | ₹19 Cr |
| Investments | ₹238 Cr | ₹409 Cr | ₹228 Cr | ₹692 Cr | ₹1.1k Cr | ₹1.5k Cr |
| Other assets | ₹2.1k Cr | ₹3.1k Cr | ₹4.0k Cr | ₹6.0k Cr | ₹14.6k Cr | ₹17.3k Cr |
| Total assets | ₹6.7k Cr | ₹7.7k Cr | ₹8.4k Cr | ₹10.5k Cr | ₹17.2k Cr | ₹20.2k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, others trimmed −0.30 pp while the public added +0.25 pp. The shareholder count shrank 9% to 95,594.
- Promoters
- 50.2%
- FIIs
- 9.3%
- DIIs
- 16.6%
- Public
- 23.1%
- Others
- 0.8%
Since Jun 2025
- Others −0.30 pp
- Public +0.25 pp
- FIIs +0.15 pp
How it drifted, 12 quarters
Over this window the public fell from 25.9% to 23.1% — −2.8 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 50.2%, FIIs 6.6%, DIIs 16.1%, Public 25.9%, Others 1.1%.Dec '23: Promoters 50.2%, FIIs 6.4%, DIIs 17.4%, Public 24.9%, Others 1.1%.Mar '24: Promoters 50.2%, FIIs 7.5%, DIIs 16.5%, Public 24.7%, Others 1.1%.Jun '24: Promoters 50.2%, FIIs 8.5%, DIIs 15.8%, Public 24.4%, Others 1.1%.Sep '24: Promoters 50.2%, FIIs 9.4%, DIIs 15.9%, Public 23.4%, Others 1.1%.Dec '24: Promoters 50.2%, FIIs 9.5%, DIIs 15.3%, Public 23.9%, Others 1.1%.Mar '25: Promoters 50.2%, FIIs 9.3%, DIIs 15.9%, Government 0.0%, Public 23.6%, Others 1.1%.Jun '25: Promoters 50.2%, FIIs 9.1%, DIIs 16.7%, Government 0.0%, Public 22.9%, Others 1.1%.Sep '25: Promoters 50.2%, FIIs 9.1%, DIIs 16.4%, Government 0.0%, Public 23.2%, Others 1.0%.Dec '25: Promoters 50.2%, FIIs 9.0%, DIIs 16.9%, Government 0.0%, Public 22.9%, Others 1.0%.Mar '26: Promoters 50.2%, FIIs 9.0%, DIIs 16.4%, Government 0.0%, Public 23.3%, Others 1.0%.Jun '26: Promoters 50.2%, FIIs 9.3%, DIIs 16.6%, Public 23.1%, Others 0.8%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Bandhan Small Cap Fund Mutual fund newly disclosed 1.97% held
The same filing shows 4 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Aditya Birla Real Estate Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Pilani Investment and Industries Corporation Limited | 33.29% | unchanged |
| Igh Holdings Private Limited | 9.98% | unchanged |
| Birla Group Holdings Private Limited | 6.77% | unchanged |
| Canara Robeco Mutual Fund A/C Canara Robeco Large And Mid Cap Fund Mutual fund | 2.93% | −0.28 pp |
| Invesco India Focused Fund Mutual fund | 2.57% | −0.10 pp |
| Aditya Birla Sun Life Trustee Private Limited A/C - Aditya Birla Sun Life ELSS Tax Saver Fund Mutual fund | 2.11% | unchanged |
| Bandhan Small Cap Fund Mutual fund | 1.97% | newly disclosed |
| Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund Mutual fund | 1.63% | unchanged |
| Birla Corporation Limited | 1.62% | unchanged |
| Hitesh Satishchandra Doshi | 1.52% | −0.11 pp |
| Goldman Sachs Funds - Goldman Sachs India Equity Portfolio Global fund house | 1.40% | unchanged |
| HSBC mutual fund- HSBC value fund Mutual fund | 1.00% | −0.66 pp |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in ABREL
Filings to Aug 2026
0 new, 4 added, 2 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
- Held by funds
- ₹254 Cr
- 7 schemes
- Biggest holder
- Nippon India Small Cap Fund
- ₹233 Cr · 0.3% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹233 Cr | held | Aug '21 |
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹11 Cr | +0.01 L | Oct '20 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹6 Cr | +0.00 L | Oct '22 |
| Nippon India Nifty Realty Index Fund Nippon India Mutual Fund | ₹2 Cr | −0.01 L | Mar '26 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹1 Cr | +0.00 L | Sep '24 |
| SBI Nifty 500 Index Fund SBI Mutual Fund | ₹0 Cr | −0.00 L | Sep '24 |
| SBI Nifty Small Cap 250 ETF SBI Mutual Fund | ₹0 Cr | +0.00 L | May '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
4 added, 2 trimmed — net +220 shares (+0.0%)
- Funds are sitting on
- +63%
- vs est. average cost
- Held by funds
- ₹254 Cr
- 7 schemes · ≈ 1.7% of the company
- Biggest holder
- Nippon India Small Cap Fund
- ₹233 Cr · 0.3% of that fund
- Longest holder
- Nippon India Nifty Smallcap 250 Index Fund
- 5y 11m · since Oct '20
Shares held by these funds −15%
Aug '23 18.70 L shares Jul '26
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse Aditya Birla Real Estate Limited
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