Q3 2026 Aditya Birla Real Estate Ltd Earnings Call Transcript
Key Points
- Aditya Birla Real Estate Ltd (BOM:500040) reported a significant 276% year-on-year increase in presales for Q3 FY '26, reaching INR2,536 crore.
- The company achieved a complete sellout of Birla Pravaah in Sector 71, Gurugram, within 24 hours, generating over INR1,850 crore in presales.
- Operational performance was strong, with collections up 157% year-on-year to INR1,290 crore for the quarter.
- The company has a robust pipeline with multiple launches planned across key regions, including Thane, Pune, and Bangalore.
- Birla Niyaara received the National Safety Council Safety Shield Award and BREEAM Certification, highlighting the company's commitment to safety and sustainability.
- The launch of Niyaara Phase 3 has been delayed to FY '27 due to approval delays, impacting the company's sales guidance.
- Leasing income decreased by 11% year-over-year, attributed to internal space occupancy adjustments.
- The company faces challenges in securing new business development deals, with some proposals failing due diligence.
- There is a risk of increased supply in the Mumbai market due to the lifting of environmental clearance bans, which could impact pricing and demand.
- Approval delays, particularly for RERA clearances, have pushed several project launches into Q4, creating a skewed launch schedule.
Ladies and gentlemen, good day, and welcome to Aditya Birla Real Estate Limited Q3 FY '26 earnings conference call, hosted by B&K Securities India Private Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Amit Srivastava. Thank you, and over to you, sir.
Good morning, everyone. On behalf of B&K Securities, I would like to welcome you all to the 3Q FY '26 Earnings Conference Call of Aditya Birla Real Estate.
Joining us today from the management are Mr. R.K. Dalmia, MD Aditya Birla Real Estate; Mr. K.T Jithendran, MD and CEO Birla Estate; Mr. Snehal Shah, CFO, Aditya Birla Real Estate; and Mr. Keyur Shah, CFO Birla Estate.
We will begin the call with opening remarks from the management, following which we will open the floor for a question-and-answer session. I would like to hand over the call to management for the opening remarks. Thank you, and over to you, sir.
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