ADITYABIRLAREALESTATE / Q4-FY26 / claim-ledger

Audit the questions that mattered.

Aditya Birla Real · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ4-FY26 · 2026-04-30Back to quarter ↗

Questions audited

Answered directly

46%

Numeric claims

Consistency

contradicted

Question ledger

What was answered, and how?

Karan Kana · Ambbit Capital

evasive

Sustenance sales outlook for FY27 on remaining inventory of 7,300 cr.

We had a very good traction in our Bangalore project... we are refraining from giving any guidance because it's very difficult to actually predict what kind of sales we can estimate.

Karan Kana · Ambbit Capital

partial

Mumbai luxury market outlook and launch timeline risks.

We have had a fairly good year last year with respect to Mumbai... the only challenge is that we are working very hard to get the approval. It may be we may just get RA at the end of Q2 and we may launch it either in Q2 or maybe early Q3.

Karan Kana · Ambbit Capital

evasive

Bangalore BD targets for FY27 given no major launches.

We are also very aggressively looking at BDS... our largely our total focus this year will be concentrated on building our BD portfolio. And we are quite optimistic about that.

J Sha · HDFC Securities

partial

Quantify launch timing in H1/H2 FY27 and key approval dependencies.

It may be we may just get RA at the end of Q2 and we may launch it either in Q2 or maybe early Q3... Then we have got a new project... that will be Q4.

J Sha · HDFC Securities

partial

Active BD discussions by geography and asset-light vs outright mix.

I can't just share this with you in great details but I can generally give you the trend... roughly about 60,000 crores of projects we are at this point of kind of pursuing.

J Sha · HDFC Securities

direct

Target steady-state operating cash flow conversion from pre-sales.

We attempt to collect at least 65 to 70% by the time we finish the structure of the building... We grew by more than 23% from last year's collection to last year.

Pritesh Sait · Access Capital

direct

Reason for no last phase of Maya launch this year.

We are now focusing on execution... we can get a healthy margin... we really would like to now maximize the revenue from our final phase.

Pritesh Sait · Access Capital

evasive

Can new BD opportunities be launched this year and is 10,000 cr launch guidance valid?

I would really refrain from giving any guidance... any guidance that I give will be could be misplaced because of the sheer uncertainty of when these launches can take place.

Akshai Takur · Helios Capital

evasive

GDV potential and plan for Telga and Kalyan land parcels.

It's in a very preliminary stage... nothing is really clearly laid out as of now... too early to give any kind of clear details and numbers on this.

Vun Julasara · 361 Capital

direct

Cash from ITC deal timing and status.

The discussions with ITC are progressing well... we expect to conclude the transaction in this quarter.

Vun Julasara · 361 Capital

partial

Construction spend and capex for BD in FY27.

Construction spend this year in 27 should be close to 1,000 crores... we have adequate cash to make acquisitions.

Vun Julasara · 361 Capital

partial

Reason for no significant BD last year - IRR or other issues?

It's a combination... we look for healthy IRRs... for outright we look at at least 16% and if it is a JD upwards of 18 19%... but that's not really the hurdle.