Aditya Birla Real Estate Limited has informed the Exchange about Transcript
ABREL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Aditya Birla Real Estate reported strong Q4 FY26 with pre-sales of INR 4,288 crores (69% Q-o-Q growth) and full year pre-sales of INR 8,136 crores. Key launches included Birla Arika Phase 2 (INR 1,600 crores, 97% sold), Birla Taranya in MMR (INR 952 crores), and Birla Trimaya Phase 4 in Bengaluru (INR 649 crores). The company launched its maiden redevelopment project in Khar with GDV potential of INR 1,700 crores. Management indicated the INR 15,000 crores pre-sales target may slip from FY28 to FY29 due to slower business development. The active BD pipeline stands at INR 60,000 crores (INR 35,000 crores in MMR), but management declined to give clear guidance on conversion timelines, citing approval uncertainties and due diligence risks.
The strong Q4 performance and 97-100% launch inventory sell-through demonstrates execution strength, but the BD pipeline conversion remains a concern. Investors should watch for approvals on Tower C Birla Niyaara (expected Q2/Q3 FY27) and BD announcements given the large INR 60,000 crore pipeline.