Transcript of Q4FY26 Earning conference call held on 7th May 2026

Aditya Birla Real Estate delivered exceptional Q4 FY26 results with pre-sales of INR 4,288 crores (69% Q-o-Q increase) and full-year pre-sales of INR 8,136 crores. Key launches including Birla Arika Phase 2 (NCR) sold 97% of inventory contributing INR 1,600 crores, while Birla Taranya (MMR) delivered INR 952 crores. The company announced its maiden redevelopment project in Khar with INR 1,700 crores GDV potential. The active business development pipeline stands at approximately INR 60,000 crores (MMR: INR 35,000 crores). Management refrained from giving FY27 guidance due to approval uncertainty but expects construction spend of INR 1,200 crores. The company has INR 2,300 crores in cash and mutual funds. The previously guided INR 15,000 crores pre-sales target may slip from FY28 to FY29. ITC transaction awaits state-level approvals and is expected to close this quarter.