Aditya Birla Real / Q3-FY26

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Positive2026-02-10Back to ADITYABIRLAREALESTATE

Revenue

₹81.17 Cr

verified against source

Revenue YoY

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EBITDA

Pending

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Revenue (₹ Cr)PositiveWatchNegative
2 actual records
Actual quarterly Revenue (₹ Cr) trajectoryReported values plotted by quarter. Hover or focus a point for its quarter, value, and source sentiment.Q2 FY26: 97.8 · Positive source sentiment · 2025-10-30Q2 FY26Q3 FY26: 81.2 · Positive source sentiment · 2026-02-10Q3 FY2697.881.2
Values are taken from the available verified source records; sentiment color is a separate source-read indicator.

Quarter read

What the record says.

Aditya Birla Real Estate delivered exceptional Q3 FY26 operational performance with pre-sales of ₹2,576 crore (up 276% YoY) and collections of ₹1,290 crore (up 157% YoY), driven by the successful launch of Birla Prabha in Gurugram (complete sellout within 24 hours, ₹1,850 crore pre-sales) and strong sustenance sales. Nine-month pre-sales reached ₹3,848 crore (up 64% YoY). Management maintained confidence in exceeding FY26 pre-sales guidance of ₹8,000 crore despite the delay of Niara Tower C to FY27 due to Supreme Court-related approval issues. Multiple Q4 launches are planned, including Thane (GDV increased to ₹2,700 crore), new phases in Ara, Boisar, and Pune. Business development pipeline remains strong with a target of ₹10,000-15,000 crore GDV deals by March 2026, though no deals closed in Q3. Key risk: continued delays in approvals (RERA, MOEF) could push launches into subsequent quarters, impacting near-term sales velocity.

Colored figures show movement against the previous available record.

Guidance to track

  • Management expressed confidence in exceeding the ₹8,000 crore pre-sales target for FY26 despite the delay of Niara Tower C.
  • Management aims to conclude business development deals totaling ₹10,000-15,000 crore in GDV before March 31, 2026.
  • Management targets expanding annual rental income from current ₹144 crore to ₹1,000 crore over the next 4-5 years.
  • Management expects to recognize approximately ₹650 crore in revenue from the Deralakatte project in Bangalore in FY27.

Risks flagged

  • Niara Tower C delayed to FY27 due to Supreme Court case and approval issues; other launches face RERA clearance risks.
  • Despite a strong pipeline, no BD deals were closed in Q3; management acknowledged that deals may fail due diligence.
  • Analyst raised concern about potential supply influx from projects previously stalled due to EC clearance issues.
  • Leasing income fell 11% YoY in 9M FY26 due to elimination of inter-company occupancy, though properties remain 100% occupied.

Key quotes

  • We successfully launched Birla Prabha in Sector 71 Gurugram achieving complete sellout within 24 hours and delivering over ₹1,850 crores in pre-sales.
  • We are very careful about what we do. We are not taking any risk other than the market risk.
  • We are very confident that we will be able to conclude on the lines that I have previously confirmed in the region of about 10 to 15,000 crores this year before March.

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