Aditya Birla Real Estate Ltd

Aditya Birla Real Estate Ltd – Closure of Trading Window filing

Cessation of SMP: Ajay Kumar Gupta

• Ajay Kumar Gupta, CPP CEO, ceased as SMP effective 16 Sep 2026 due to CPP sale to ITC.

ESG rating update

• ESG rating 67, aspiring category for FY2026, assigned by NSE Sustainability Ratings.
• Rating provider: NSE Sustainability Ratings, a subsidiary of NSE Indices Limited, SEBI Category I ESG Rating Provider.
• The company did not engage NSE Sustainability Ratings for this rating.
• Rating based on FY2025-26 data and publicly available information.
• Rating made available on stock exchange websites today.
• No financial implications disclosed; information update for investors.

Financial Performance

• Collections Rs 713 crores in Q1 FY27, up 31% YoY from Rs 445 crores
• Net sales Rs 329 crores; cancellations partially dented net, gross sales higher
• Birla Taranya booking value over Rs 1,000 crores within first 3 months of RERA approval
• Sustenance booking value Rs 150 crores in MMR across Taranya and Mrida
• Niyaara Phase-2 cancellations: 4 cancellations; rebooked at higher prices

Operating Trends

• Residential absorption led by premium locations; Bengaluru strong, Mumbai premium demand stable
• Commercial office leasing remains robust; high-quality locations favored
• Launch cadence subdued this quarter; majority planned for Q3/Q4
• Strong BD feedback on premium micro-markets across NCR, Mumbai, Pune, Bengaluru

Balance Sheet & Cash Flow

• Divestment of Century Pulp and Paper to ITC reduced net debt to nearly zero
• Net debt position described as nearly zero; 98% collection efficiency achieved
• Rs 283 crores total cash outflow on land approvals and deposits
• Rs 125 crores land outflow (Thane); net deposit outflow Rs 151 crores
• FY27 construction cost guidance Rs 1,200–1,300 crores

Projects & Capex

• Vashi redevelopment GDV ~ Rs 2,600 crores; total residential redevelopment portfolio ~ Rs 4,300 crores
• Birla Niyaara commercial: 1.3 million sq ft; approvals by year-end; leasing ~Rs 800 crores p.a. when stabilized
• Niyaara launch plan: RERA by end of Q2; launch early Q3 or mid Q3
• Niyaara Phase-2 net sold: 118 flats to date
• ABREL share for Vashi redevelop: 90% to ABREL; margins 25–30%

Outlook & Guidance

• Long-term pre-sales target: Rs 15,000 crores over three years
• BD pipeline > Rs 60,000 crores; premium markets emphasized
• FY27 launches planned: Rs 9,600 crores (track on approvals and timelines)

Q&A Highlights

• Three-year BD target of Rs 15,000 crores; quarterly deals unpredictable
• Niyaara timeline: possession targeted around Mar-2028; handover in late 2028
• Noida land auctions pursued; NCR markets selective with pricing discipline
• Tiered margins: redevelopment margins around 25–30%; large-format deals pursued prudently
• Cash posture: majority outright BD; surplus liquidity used with disciplined risk controls

CP Repayment Details

• CP of Rs 200 crore fully redeemed and paid on 18 August 2026.
• ISIN: INE0SSA14KO9.
• Scrip codes: 500040, 731709.
• Reason for redemption: Maturity.

ESG rating update

• CRISIL ESG rating upgraded to ESG-60 (adequate) for FY2026.
• Previously CRISIL ESG-58 was assigned for FY2025.
• Rating assigned independently by CRISIL based on FY2025-26 data and public information.
• Company did not engage CRISIL; rating based on CRISIL's criteria.
• CRISIL ESG-60 rating is now publicly available on BSE and NSE websites.

Rating Details

• Long-term rating reaffirmed: AA/Stable for Aditya Birla Real Estate.
• Short-term rating reaffirmed: A1+ for Aditya Birla Real Estate.
• Rating Watch with Developing Implications removed by CRISIL.
• Outlook remains Stable.

Meeting Details

• Virtual group earnings conference call with investors on 14 August 2026 at 11:00 AM.
• Organizer: Aditya Birla Real Estate Limited.

Participants

• Key company participants: management executives to discuss Q1-FY27 earnings.

Purpose

• Purpose: earnings/results discussion and investor interaction.

Availability

• Audio recording of the earnings call will be accessible.