Aditya Birla Real Estate Limited — PPTs, 28-10-2025: Investor Presentation

**Business Performance:** Aditya Birla Real Estate's Q2 FY26 saw robust booking value of ₹ 889.5 Cr, a fantastic 111% jump from Q1, fueled by strong sales in Mumbai's Birla Niyaara (₹ 320 Cr) and Bengaluru's Birla Evara (₹ 325.7 Cr). However, total sales for the quarter were ₹ 97.8 Cr, a significant year-on-year drop. The company posted a consolidated loss of ₹ 17.8 Cr, though improved from Q1's loss. Collections and Net Total Income also saw YoY declines. The company has sold 80% of its launched area as of September 2025 and maintains a strong presence across top growth markets.

**Growth Drivers & Strategy:** The company is sharpening its focus on real estate, evidenced by the strategic divestment of Century Pulp & Paper for ₹ 3,498 Cr. Key partnerships include a ₹ 420 Cr investment from IFC for projects in Pune and Thane, and a ₹ 560 Cr joint venture with Mitsubishi Estate for a Bengaluru project, marking Mitsubishi's India debut. The company continues its strong ESG push, achieving a perfect 100 GRESB score for developments.

**Recent Developments & Outlook:** RERA approvals were secured for two new Pune projects, indicating future launches. A substantial launch pipeline of ₹ 13,932.3 Cr is planned for FY26. Management highlights a strong cash flow potential of ₹ 7,417.2 Cr from launched projects and a massive unlaunched potential of ₹ 46,215.5 Cr, underscoring future growth prospects.