ABREL · Realty
Aditya Birla Real Estate Ltd. reported revenue of ₹81.0 cr for October to December 2025, −60.3% on the year and −17.3% on the quarter. Over the last four quarters revenue comes to ₹720 cr, −56.0% on the four before.
Operating profit (EBITDA) was −₹91.0 cr, a margin of −112.3%, −10,352 bps on the year and −3,684 bps on the quarter. It is the narrowest margin of the last 8 quarters (range −112.3% to 24.4%).
The net loss was ₹75.0 cr, with earnings per share of −₹6.52.
Real estate revenue is booked when projects complete, so the quarterly statements lag the business; pre-sales and collections show where it actually is. The quarterly statements do not carry pre-sales, collections and launches; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Operating margin fell sharply on the year. Pricing, input costs, or mix?
Source: Quarterly statements
Could not run on this quarter: Headline vs core profit, Other income carrying profit, Exceptional items that recur, Finance cost rising, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹863 cr | ₹1,070 cr | ₹814 cr | ₹353 cr | ₹266 cr | ₹204 cr | ₹395 cr | ₹146 cr | ₹98.0 cr | ₹81.0 cr | ₹83.0 cr | ₹189 cr |
| YoY | — | — | — | −61% | −69% | −81% | −51% | −59% | −63% | −60% | −79% | +29% |
| EBITDA margin | 5.7% | 17.9% | 24.4% | 10.8% | 10.2% | −8.8% | −7.8% | −28.8% | −75.5% | −112.3% | −200.0% | −30.2% |
| Other income, % of PBT | — | 2% | −190% | 63% | 156% | — | — | — | — | — | — | — |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | — | 40% | 66% | 42% | 69% | — | — | — | — | — | — | — |
| Net profit | −₹33.0 cr | ₹80.0 cr | ₹21.0 cr | ₹17.0 cr | ₹3.0 cr | −₹42.0 cr | −₹135 cr | −₹27.0 cr | −₹18.0 cr | −₹75.0 cr | ₹5.0 cr | −₹35.0 cr |
| YoY | — | — | — | — | — | −153% | −743% | −259% | −700% | — | — | — |
| Core profit YoY | — | — | — | −86% | — | −132% | −133% | −691% | — | — | — | — |
| EPS | −₹2.73 | ₹7.46 | ₹0.34 | ₹0.70 | ₹0.23 | −₹3.63 | −₹11.73 | −₹2.28 | −₹1.41 | −₹6.52 | ₹0.97 | −₹3.45 |
| Flags | · | · | · | 4 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Aditya Birla Real Estate Ltd. reported revenue of ₹81.0 cr (−60.3% on the year) and net profit of −₹75.0 cr (— on the year) for October to December 2025.
None of the 3 checks that could run raised a question.
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