Aditya Birla Group's real estate arm Aditya Birla Real Estate has reported a 61 percent increase in its booking value for the June quarter at Rs 423 crore, with collections rising by 12 percent on-year to Rs 545 crore, the company informed on July 23.
This is ABREL's first full quarter as a pure-play real estate firm, with the company, earlier known as Century Textiles and Industries, having sold off its paper and pulp business for Rs 3,498 crore to ITC in the January-March quarter. The transaction is expected to close later this year.
The Birla group company, which conducts its real estate business through its subsidiary Birla Estates, sold 3 lakh square feet of area, slightly higher than a year ago.
ABREL also continued its strategy of onboarding marquee funding partners for its projects, having inked an equity deal with World Bank Group's International Finance Corporation for Birla Evam - a project in Pune's Manjri - along with a project in Thane in which IFC is investing Rs 420 crore. The company had also partnered with Mitsubishi Estate for a Rs 560 crore investment in Birla Estates' southeast Bengaluru project.
For FY26, ABREL has targetted launches with a total gross development potential of around Rs 14,000 crore. The largest launches are expected to be in the luxury Birla Niyaara project in Mumbai's Worli area with the launch of a third tower, as well as in further phases of the Birla Arika development in Gurugram, National Capital Region.
ABREL has indicated that it will launch part of its Thane group housing development in Mumbai, as well as the plotted development project in Boisar, during FY26. Other planned launches include further phases of the Birla Punya project in Maharashtra's Pune, as well as the first phase of Birla Evam, a phase of the Birla Trimaya in Bengaluru, and more launches in the National Capital Region.
Including ongoing projects as well as those in the pipeline, ABREL has a gross development potential of around Rs 70,000 crore across various cities. In earlier comments to investors, the company had shared plans to enter the redevelopment segment, particularly in Mumbai, to add to its pipeline of projects.
In its Q1FY26 financial statement, the company reported a consolidated net loss of Rs 47.30 crore for the April-June quarter. Including discontinued operations, namely its pulp and paper business, the loss narrows to around Rs 27 crore. In an exchange filing, ABREL announced its intention to raise Rs 1,500 crore through a rupee-denominated term loan, in order to refinance existing debt.
The company had taken on the debt for capital expenditure in the pulp and paper business, which will now be sold.
ABREL's shares on the National Stock Exchange on July 23 closed 5.5 percent lower at Rs 2,019 apiece.
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