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ABREL Sees Wider Loss Despite Revenue Surge
13 Aug
Summary
- Aditya Birla Real Estate incurred a loss of ₹38.55 crore in Q1 FY27.
- Revenue rose 29.74% year-on-year, but expenses increased by 38.11%.
- Bookings declined 22.13% YoY, though collections grew 31%.
Aditya Birla Real Estate Limited (ABREL) has reported a net loss attributable to owners of ₹38.55 crore for the first quarter of fiscal year 2027. This marks an increase from the ₹25.47 crore loss recorded in the same quarter of fiscal year 2026. The Mumbai-based firm experienced a revenue growth of 29.74% year-on-year, reaching ₹188.85 crore in Q1 FY27. However, its total expenses also escalated by 38.11% year-on-year, primarily due to a significant jump in finance costs and other expenditures.
During the quarter under review, ABREL's bookings experienced a year-on-year decline of 22.13%, amounting to ₹329 crore. Conversely, the company's collections demonstrated robust growth, increasing by 31% year-on-year to reach ₹713 crore. The net leasing income from its commercial real estate assets saw a healthy rise of 27% year-on-year, totaling ₹34.8 crore. As of June 2026, the company's net debt stood at ₹3,438 crore.
In a strategic move, ABREL recently completed the sale of its pulp and paper business to ITC for ₹3,498 crore, as part of a portfolio realignment. The company's current real estate portfolio has a revenue potential of ₹73,900 crore across major Indian metropolitan areas. Furthermore, its subsidiary, Birla Estates, has entered the Navi Mumbai market with a redevelopment project in Vashi, holding a revenue potential of approximately ₹2,600 crore.
