Aditya Birla Real Estate Limited Reports Decent 2QFY26 Result, Pre-Sales at ₹890 Cr

New Delhi, October 31, 2025: Aditya Birla Real Estate (ABREL) has reported a decent 2QFY26, with pre-sales at INR 890 crore, largely from sustenance sales, and collections of IN 510 crore. The company has a healthy portfolio of INR 51,3oo crore, comprising unsold inventory of INR 5,100 core, upcoming projects worth INR 13,900 crore, and a future pipeline of INR 32,300 crore. ABREL plans to launch projects with a GDV of INR 13,900 crore in 2HFY26 and has reiterated its 20-25 per cent pre-sales CAGR guidance over the next three years. At INR 4,230 crore as of September 2026, net debt is expected to reduce meaningfully once proceeds from the pulp and paper stake sale are realised. Given its strong parentage, healthy project portfolio, and robust balance sheet, ABREL remains well-positioned for long-term growth.

ABREL reported pre-sales of INR 890 crore in 2QFY26, marking a 37 per cent year-on-year drop but a sharp 111 per cent quarter-on-quarter rebound. Sales were led by Birla Niyaara (INR 320 crore) and Birla Evara (INR 330 crore), with the balance from other projects. Collections came in at INR 510 crore, down 20 per cent YoY/6 per cent QoQ. ABREL targets launches with a GDV of INR 13,900 crore in 2HFY26, including (a) Birla Niyaara (INR 4,430 crore), (b) Birla Arika (INR 2,560 crore), (c) Birla Punya (INR 2,290 crore), (d) the Thane project (INR 1,630 crore), (e) the Manjiri project (INR 760 crore), (f) Sector 71 (INR 670 crore), and (g) Birla Navya (INR 640 crore). These launches are likely to drive growth momentum over the near-to-mid-term.

ABREL has a healthy portfolio of INR 51,300 crore, comprising unsold inventory of INR 5,100 crore, upcoming projects worth INR 13,900 crore, and a future pipeline of INR 32,300 crore. It also plans to add new BD opportunities worth INR 10,000-15,000 crore in FY26E, further strengthening its portfolio. With a robust pipeline, partnerships with reputed developers, and strong execution capabilities, management is targeting pre-sales of INR 15,000 crore by FY28E, implying a 20-25 per cent CAGR over the next few years.

Sale of non-core business to drive deleveraging, strengthen balance sheet: ABREL’s net debt levels stood at INR 4,230 crore, with a leverage ratio of ~1.45x. Proceeds from the sale of its pulp and paper business to ITC, currently awaiting regulatory approvals, are expected within the next 3-4 months. These should reduce the net debt meaningfully once proceeds from the stake sale are realised. Incremental annuity cash flows from its existing commercial portfolio will further support growth capex. Strategic partnerships with Mitsubishi and IFC also provide a capital buffer, ensuring leverage remains at comfortable levels.

ABREL is well-positioned to ride the current upcycle and gain market share across key metros.