Aditya Birla Real Estate Reports Q4 Profit Despite Declining Bookings
ABREL posts Q4 profit of Rs 11 crore despite decline in bookings
Business Standard
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Aditya Birla Real Estate Limited (ABREL) reported a profit of ₹10.84 crore for Q4 FY26, marking a recovery from a loss of ₹131.01 crore in the same quarter last year. However, revenue dropped 79.07% year-on-year to ₹82.61 crore, attributed to the company's accounting methods and a decline in residential bookings.
- 01ABREL posted a profit of ₹10.84 crore in Q4 FY26, recovering from a significant loss in Q4 FY25.
- 02Revenue from operations fell 79.07% year-on-year to ₹82.61 crore.
- 03Residential bookings declined by 25% year-on-year to ₹4,288.2 crore.
- 04The company plans projects with a gross development value of ₹9,596 crore for FY27.
- 05ABREL's board recommended a dividend of ₹2.50 per share for FY26.
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Aditya Birla Real Estate Limited (ABREL) reported a profit of ₹10.84 crore for the fourth quarter of FY26, a significant recovery from a loss of ₹131.01 crore in Q4 FY25. The company's revenue from operations plummeted 79.07% year-on-year to ₹82.61 crore, primarily due to its completed contract accounting method, which recognizes revenue based on completed projects. Despite the profit, residential bookings fell 25% year-on-year to ₹4,288.2 crore, and the area sold decreased by 11% to 3 million square feet (msf). In FY26, ABREL's total revenue declined 66.59% to ₹407.18 crore, but it reported a reduced loss of ₹103.22 crore compared to ₹161.28 crore in FY25. The company’s net leasing income grew 13% to ₹33.5 crore. Looking ahead, ABREL has a robust pipeline for FY27 with projects valued at ₹9,596 crore and an overall portfolio potential of ₹73,900 crore. The board has also recommended a dividend of ₹2.50 per share, up from the previous year's 20%.
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The decline in bookings may affect future project launches and revenue for homebuyers in the regions where ABREL operates.
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