Outcome of Board meeting
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The Board of Aditya Birla Real Estate Limited (formerly Century Textiles & Industries) approved audited standalone and consolidated financial results for FY25 along with several key decisions. A dividend of Rs. 2 per share (20% on paid-up capital) was recommended, down from Rs. 5 per share (50%) last year. On a standalone basis, the company swung to a net loss of Rs. 81.24 crore in FY25 versus a profit of Rs. 151.16 crore in FY24, mainly due to exceptional items of Rs. 156.89 crore (Rs. 114 crore provision for its textile JV Birla Advanced Knits and Rs. 42.89 crore write-off of a Worli land parcel following a Supreme Court order). Standalone full-year revenue rose modestly to Rs. 310.38 crore from Rs. 263.45 crore, while consolidated revenue grew about 35% to Rs. 1,203.37 crore. The Board also approved the sale of remaining textile division machineries at Jhagadia, the reappointment of Mr. R.K. Dalmia as Managing Director for two years, and the appointment of new Secretarial Auditors for FY26–FY30.
Despite revenue growth at the consolidated level, shareholders are staring at a sharp swing to losses on the back of one-time write-offs and the wind-down of legacy textile and paper businesses, which may weigh on sentiment. The cut in dividend from 50% to 20% further signals cautious cash management, though the company's pivot to a pure-play real estate focus (with the sale of Century Pulp & Paper to ITC already underway) could be positive for long-term value.