# Aditya Birla Real Estate (ABREL) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/abrel

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹1,068.4
- Change: -1.99%
- As of: 2026-11-06
- 1D return: -1.99%
- 5D return: +6.42%
- 1M return: +4.95%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

ABREL (₹1090.1) is trading in a complex technical environment where short-term price action contrasts with the broader downtrend. On the daily chart, the stock has moved above its 20-period EMA and SMA but remains below the 50-period EMA, 200-period SMA, and Supertrend, which continues to signal a bearish bias. This positioning places the stock in the upper-middle of its 20-day range (+68.4%) but near the lower end of its 252-day range (+10.3%). The daily ADX of 29.11 indicates an established trend strength, while monthly indicators show a bullish Supertrend despite price being below key moving averages.

Recent activity includes a moderate upward gap on 2026-11-05 (+2.7%) and a high-severity volume surge on 2026-10-26 (+3.4% return, 2.97x volume ratio). Despite these positive attention events, the stock carries significant risk, with an annualized volatility of +40.7%, an ATR of 4.5%, and a current drawdown of -56.9%. Immediate resistance lies at ₹1102.67 (1.15% above), while support is found at ₹1087.45 (0.24% below). The setup suggests a potential consolidation or counter-trend bounce within a larger weekly and monthly bearish structure, confirmed by negative slopes across most moving averages.

- Trend Conflict: Daily price is above 20-period EMAs/SMA but below 50-period EMA, 200-period SMA, and Supertrend; Monthly Supertrend is bullish while weekly is bearish.
- Momentum & Volume: Recent upward gap on 2026-11-05 (+2.7%) and high-volume move on 2026-10-26 (+3.4% return, 2.97x volume ratio) indicate active participation.
- Key Levels: Resistance at ₹1102.67 (1.15% above); Support at ₹1087.45 (0.24% below). Stock sits in upper-middle of 20-day range but near lower end of 252-day range.
- Risk Profile: High volatility (+40.7% annualized, 4.5% ATR) and deep current drawdown (-56.9%) persist despite recent short-term gains.

- Outside Bar
- Doji
- Inside Bar
- Harami

### News Context

On November 3, 2026, Anand Rathi initiated coverage of Aditya Birla Real Estate (ABREL) with a 'Buy' rating and a target price of ₹1,345. This recommendation implies a 30% upside potential for the stock, which has declined by 38% during 2026. The brokerage's thesis centers on an anticipated recovery in pre-sales starting from FY28, driven by a stronger launch pipeline and value-accretive modifications to the Niyaara Tower C project. However, Anand Rathi noted that the delayed launch of these projects may negatively impact financial figures for FY27. These developments highlight a divergence between near-term operational delays and longer-term growth expectations as assessed by external analysts.

- Anand Rathi initiated coverage on November 3, 2026, assigning a 'Buy' rating and a ₹1,345 target price to ABREL.
- The recommendation suggests a 30% upside, contrasting with the stock's 38% decline year-to-date in 2026.
- Analysts anticipate pre-sales recovery from FY28, supported by a robust launch pipeline and improvements to the Niyaara Tower C project.
- FY27 financial performance may face headwinds due to the delayed launch of key projects.

- [Down 38% in 2026, Aditya Birla Real Estate gets Buy rating from Anand Rathi; 30% upside see | Stock Market News](https://www.livemint.com/market/stock-market-news/down-38-in-2026-aditya-birla-real-estate-gets-buy-rating-from-anand-rathi-30-upside-see-11793728248414.html)
- [Buy Aditya Birla Real Estate; target of Rs 1345: Anand Rathi](https://www.moneycontrol.com/news/business/stocks/buy-aditya-birla-real-estate-target-of-rs-1345-anand-rathi-14066365.html)

### Official Filings

Aditya Birla Real Estate Limited (ABREL) reported unaudited financial results for the quarter and half-year ended September 30, 2026, following Board approval on October 26, 2026. The company recognized a significant gain of ₹868.12 crore from the disposal of its Pulp and Paper business to ITC Limited for ₹3,476 crore, contributing to standalone net profits of ₹838.64 crore and consolidated net profit after tax of ₹918.70 crore. Core real estate operations showed strong momentum, with H1 FY27 total income rising 309% year-on-year to ₹355 crore, driven by EBITDA recognition from completed projects Birla Tisya and Birla Navya. Collections reached ₹1,465 crore in H1 FY27 (+39% YoY), marking a cumulative milestone of ₹10,000 crore. Management also announced strategic developments, including a redesign of Tower C at Birla Niyaara increasing Worli’s net GDV by approximately ₹1,900 crore, and a joint development agreement in Hinjewadi, Pune, with ~₹1,650 crore GDV potential. Governance updates include the proposed appointment of Ms. Jayati Bansal as an Independent Director and a new ESOP scheme covering 8,29,000 stock options. Credit ratings were upgraded by CARE to AA Positive.

- Financial Results: Consolidated net profit after tax was ₹918.70 crore for Q2/H1 FY2026-27, significantly boosted by a ₹868.12 crore gain on the disposal of the Pulp and Paper business to ITC Limited for ₹3,476 crore.
- Operational Momentum: H1 FY27 collections surged 39% YoY to ₹1,465 crore, achieving a cumulative milestone of ₹10,000 crore; total income rose 309% YoY to ₹355 crore due to project completions.
- Strategic Pipeline: Management disclosed a redesign of Tower C at Birla Niyaara increasing net GDV by ~₹1,900 crore and a new JDA in Hinjewadi, Pune, with ~₹1,650 crore GDV potential.
- Governance & Ratings: Board recommended appointing Ms. Jayati Bansal as Independent Director (subject to shareholder approval via postal ballot ending November 23, 2026) and approved an ESOP scheme for 8,29,000 options; CARE upgraded credit outlook to AA Positive.

- [Aditya Birla Real Estate Limited has informed the Exchange about Transcript of Q2/H1 FY2026-27 Earnings conference call held on 26th October, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CENTURYTEX_30102026185740_NSEBSEINTIMATION.pdf)
- [Aditya Birla Real Estate Limited has informed the Exchange about Copy of Newspaper Publication of Unaudited Financial Results for the quarter ended 30th September, 2026. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/CENTURYTEX_27102026134059_BSENSEIntimation.pdf)
- [Aditya Birla Real Estate Limited has submitted to the Exchange, the unaudited financial results (Standalone & Consolidated) for the quarter ended 30th September 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/CENTURYTEX_26102026124925_Outcome.pdf)
- [Aditya Birla Real Estate Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)](https://nsearchives.nseindia.com/corporate/CENTURYTEX_26102026125622_Change_in_director.pdf)
- [ADITYA BIRLA REAL ESTATE LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_295_WebXMLFile_20261026_130641341.xml)
- [Aditya Birla Real Estate Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/CENTURYTEX_26102026133527_Intimation.pdf)
- [Aditya Birla Real Estate Limited has informed the Exchange about Audio recording of Earnings Conference Call for Q2/H1-FY2026-27 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CENTURYTEX_26102026195026_Intimation.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1746262_26102026080738_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1746264_26102026080802_WEB.xml)
- [Aditya Birla Real Estate Limited has informed the Exchange about Copy of Newspaper Publication regarding Notice of Postal Ballot and e-voting information |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/CENTURYTEX_24102026123254_Intimation.pdf)

### Fundamentals

Aditya Birla Real Estate (ABREL) reported a sharp turnaround in Q2 FY2026-27, with revenue from operations surging 336% sequentially to ₹825 crore and net profit jumping from a loss of ₹34.6 crore in Q1 to a profit of ₹919 crore. This improvement was driven by a massive ₹775 crore gain from discontinued operations, while continuing operations contributed a modest ₹145 crore profit on ₹825 crore sales. Despite the quarterly surge, long-term trends remain weak: compounded sales growth is -53% over three years and -31% over five years, and return on equity has averaged just 1% over five years with a recent -3% for the last year.

Financial health shows signs of deleveraging. Total borrowings fell significantly from ₹5,636 crore in Mar 2026 to ₹3,643 crore in Sep 2026, supported by an increase in cash reserves to ₹1,167 crore and current financial assets to ₹3,433 crore. The cash conversion cycle improved dramatically to 15 days as of Mar 2026, down from 55 days in Mar 2024, indicating better working capital management. However, operating profitability remains under pressure, with TTM operating profit at -₹155 crore and ROCE negative at -4% as of Mar 2026. Promoter holding remained stable at 50.21%, while DIIs slightly increased their stake to 16.84%.

- Q2 FY2026-27 Net Profit surged to ₹919 crore, primarily due to ₹775 crore from discontinued operations; continuing operations profit was ₹145 crore.
- Revenue jumped 336% sequentially to ₹825 crore in Q2, reversing a long-term decline (-53% CAGR over 3 years).
- Borrowings decreased sharply to ₹3,643 crore in Sep 2026 from ₹5,636 crore in Mar 2026, improving leverage metrics.
- TTM Operating Profit remains negative at -₹155 crore, and ROCE is -4%, highlighting ongoing core operational challenges.

### Bull Case

Aditya Birla Real Estate (ABREL) presents a conditional upside case anchored by a recent Buy rating from Anand Rathi, which sets a target price of ₹1,345. This implies approximately 30% upside from the November 5, 2026 closing price of ₹1,090.10, despite the stock having fallen 38% in 2026 and trading at a significant discount to its historical highs. The constructive thesis relies on anticipated operational recovery rather than current momentum; the brokerage expects pre-sales to recover starting FY28, driven by a stronger launch pipeline and value-accretive changes to the Niyaara Tower C project. While these developments may weigh on FY27 figures due to delayed launches, they provide a forward-looking catalyst for valuation re-rating. Technically, the stock is in a bearish daily and weekly trend with a -56.9% year-to-date return, but it holds near-term support levels around ₹1,082–₹1,087. The primary condition for this upside case is the successful execution of the Niyaara Tower C modifications and the subsequent realization of pre-sales in FY28.

- Anand Rathi initiated coverage with a Buy rating and a ₹1,345 target price, implying ~30% upside from the Nov 5, 2026 close of ₹1,090.10.
- The constructive outlook hinges on pre-sales recovery expected from FY28, supported by a stronger launch pipeline and value-accretive changes to the Niyaara Tower C project.
- Current price action reflects a bearish daily trend and a -35.1% YTD return, with immediate technical support identified at ₹1,082.03 and ₹1,087.45.

- [Down 38% in 2026, Aditya Birla Real Estate gets Buy rating from Anand Rathi; 30% upside see | Stock Market News](https://www.livemint.com/market/stock-market-news/down-38-in-2026-aditya-birla-real-estate-gets-buy-rating-from-anand-rathi-30-upside-see-11793728248414.html)
- [Buy Aditya Birla Real Estate; target of Rs 1345: Anand Rathi](https://www.moneycontrol.com/news/business/stocks/buy-aditya-birla-real-estate-target-of-rs-1345-anand-rathi-14066365.html)
- [Aditya Birla Real Estate Limited has informed the Exchange about Transcript of Q2/H1 FY2026-27 Earnings conference call held on 26th October, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CENTURYTEX_30102026185740_NSEBSEINTIMATION.pdf)
- [Aditya Birla Real Estate Limited has informed the Exchange about Copy of Newspaper Publication of Unaudited Financial Results for the quarter ended 30th September, 2026. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/CENTURYTEX_27102026134059_BSENSEIntimation.pdf)
- [Aditya Birla Real Estate Limited has submitted to the Exchange, the unaudited financial results (Standalone & Consolidated) for the quarter ended 30th September 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/CENTURYTEX_26102026124925_Outcome.pdf)
- [Aditya Birla Real Estate Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)](https://nsearchives.nseindia.com/corporate/CENTURYTEX_26102026125622_Change_in_director.pdf)
- [ADITYA BIRLA REAL ESTATE LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_295_WebXMLFile_20261026_130641341.xml)
- [Aditya Birla Real Estate Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/CENTURYTEX_26102026133527_Intimation.pdf)
- [Aditya Birla Real Estate Limited has informed the Exchange about Audio recording of Earnings Conference Call for Q2/H1-FY2026-27 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CENTURYTEX_26102026195026_Intimation.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1746262_26102026080738_WEB.xml)

### Bear Case

Aditya Birla Real Estate (ABREL) faces significant near-term headwinds, evidenced by a severe price decline and technical deterioration. The stock has fallen 38% in 2026, with year-to-date returns at -35.1% and a one-year return of -41.3%. Technical indicators on daily and weekly timeframes are bearish, with the Supertrend direction signaling downside pressure and negative slopes across key moving averages (EMA-20 slope: -18.4; SMA-50 slope: -36.82). The stock is currently trading at ₹1,090.1, well below its maximum drawdown of -60.3%, indicating prolonged weakness. While a brokerage initiated coverage with a Buy rating, it explicitly notes that delayed project launches may weigh on FY27 figures, highlighting operational execution risks despite anticipated pre-sales recovery from FY28.

- Severe Price Decline: Stock down 38% in 2026, YTD -35.1%, and 1-year -41.3%; current price ₹1,090.1 reflects a -56.9% current drawdown.
- Bearish Technical Setup: Daily and weekly Supertrends are bearish; EMA-20 and SMA-50 slopes are negative (-18.4 and -36.82 respectively), indicating sustained downward momentum.
- Operational Delay Risk: Brokerage analysis cites delayed launches weighing on FY27 performance, with pre-sales recovery expected only from FY28 onwards.

- [Down 38% in 2026, Aditya Birla Real Estate gets Buy rating from Anand Rathi; 30% upside see | Stock Market News](https://www.livemint.com/market/stock-market-news/down-38-in-2026-aditya-birla-real-estate-gets-buy-rating-from-anand-rathi-30-upside-see-11793728248414.html)
- [Buy Aditya Birla Real Estate; target of Rs 1345: Anand Rathi](https://www.moneycontrol.com/news/business/stocks/buy-aditya-birla-real-estate-target-of-rs-1345-anand-rathi-14066365.html)
- [Aditya Birla Real Estate Limited has informed the Exchange about Transcript of Q2/H1 FY2026-27 Earnings conference call held on 26th October, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CENTURYTEX_30102026185740_NSEBSEINTIMATION.pdf)
- [Aditya Birla Real Estate Limited has informed the Exchange about Copy of Newspaper Publication of Unaudited Financial Results for the quarter ended 30th September, 2026. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/CENTURYTEX_27102026134059_BSENSEIntimation.pdf)
- [Aditya Birla Real Estate Limited has submitted to the Exchange, the unaudited financial results (Standalone & Consolidated) for the quarter ended 30th September 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/CENTURYTEX_26102026124925_Outcome.pdf)
- [Aditya Birla Real Estate Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)](https://nsearchives.nseindia.com/corporate/CENTURYTEX_26102026125622_Change_in_director.pdf)
- [ADITYA BIRLA REAL ESTATE LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_295_WebXMLFile_20261026_130641341.xml)
- [Aditya Birla Real Estate Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/CENTURYTEX_26102026133527_Intimation.pdf)
- [Aditya Birla Real Estate Limited has informed the Exchange about Audio recording of Earnings Conference Call for Q2/H1-FY2026-27 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CENTURYTEX_26102026195026_Intimation.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1746262_26102026080738_WEB.xml)

### FAQs

**What were the key financial results for ABREL in Q2/H1 FY2026-27?**

For the quarter ended September 30, 2026, ABREL reported consolidated total income of ₹860.86 crore and a net profit after tax of ₹143.31 crore from continuing operations. The company also recognized a one-time gain on disposal of ₹868.12 crore from transferring its Pulp and Paper business to ITC Limited for ₹3,476 crore. Standalone net profit for the period was ₹838.64 crore.

**How have recent project changes impacted ABREL's development pipeline?**

Management announced a redesign of Tower C at Birla Niyaara, which increases the Worli development’s gross development value (GDV) by approximately ₹1,900 crore but defers the launch to the next financial year. Additionally, in October 2026, the company entered a joint development agreement for 5.6 acres in Hinjewadi, Pune, with potential GDV of ₹1,650 crore. These updates aim to drive pre-sales recovery from FY28.

**What is the current technical trend and price performance of ABREL stock?**

As of November 5, 2026, the stock closed at ₹1,090.10, reflecting a YTD decline of -35.1% and a one-year return of -41.3%. Daily technical indicators show a bearish supertrend direction with an ADX of 29.11. However, the monthly trend remains bullish with an ADX of 34.45. The stock has experienced a maximum drawdown of -60.3% since inception.

- [Down 38% in 2026, Aditya Birla Real Estate gets Buy rating from Anand Rathi; 30% upside see | Stock Market News](https://www.livemint.com/market/stock-market-news/down-38-in-2026-aditya-birla-real-estate-gets-buy-rating-from-anand-rathi-30-upside-see-11793728248414.html)
- [Buy Aditya Birla Real Estate; target of Rs 1345: Anand Rathi](https://www.moneycontrol.com/news/business/stocks/buy-aditya-birla-real-estate-target-of-rs-1345-anand-rathi-14066365.html)
- [Aditya Birla Real Estate Limited has informed the Exchange about Transcript of Q2/H1 FY2026-27 Earnings conference call held on 26th October, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CENTURYTEX_30102026185740_NSEBSEINTIMATION.pdf)
- [Aditya Birla Real Estate Limited has informed the Exchange about Copy of Newspaper Publication of Unaudited Financial Results for the quarter ended 30th September, 2026. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/CENTURYTEX_27102026134059_BSENSEIntimation.pdf)
- [Aditya Birla Real Estate Limited has submitted to the Exchange, the unaudited financial results (Standalone & Consolidated) for the quarter ended 30th September 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/CENTURYTEX_26102026124925_Outcome.pdf)
- [Aditya Birla Real Estate Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)](https://nsearchives.nseindia.com/corporate/CENTURYTEX_26102026125622_Change_in_director.pdf)
- [ADITYA BIRLA REAL ESTATE LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_295_WebXMLFile_20261026_130641341.xml)
- [Aditya Birla Real Estate Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/CENTURYTEX_26102026133527_Intimation.pdf)
- [Aditya Birla Real Estate Limited has informed the Exchange about Audio recording of Earnings Conference Call for Q2/H1-FY2026-27 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CENTURYTEX_26102026195026_Intimation.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1746262_26102026080738_WEB.xml)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹1,096.33
- Risk regime: Higher Price Risk

### Support levels
- 1026.9
- 998.65
- 1068.7666666666664

### Resistance levels
- 1126.1
- 1246
- 1283.75

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -1.99% |
| return_10 | +2.49% |
| return_1m | -0.89% |
| return_1y | -40.97% |
| return_20 | +4.95% |
| return_3m | -23.18% |
| return_5 | +6.42% |
| return_6m | -31.06% |
| return_since_start | -57.75% |
| return_ytd | -36.43% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -60.30% |
| annualized_volatility | +40.67% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Aditya Birla Real Estate Limited Q2 FY2026-27: Revenue rises to ₹825 crore

Aditya Birla Real Estate reported revenue from operations of ₹825 crore in Q2 FY2026-27, up from ₹189 crore in the previous quarter and ₹98 crore a year earlier. Profit from continuing operations was ₹145 crore, while discontinued operations contributed ₹775 crore after tax, taking total profit for the period to ₹919 crore.

## Revenue and operating costs

Revenue from operations increased 337% quarter on quarter and 743% year on year. Total expenses rose to ₹686 crore from ₹287 crore in Q1 FY2026-27. Other expenses, at ₹82 crore, declined 20% from the previous quarter but were 27% higher than a year earlier.

Segment revenue from operations was ₹1,091 crore, up 14% from ₹956 crore in Q1 FY2026-27 and 19% from ₹918 crore in Q2 FY2025-26.

## Profitability

Profit before tax was ₹175 crore, compared with losses of ₹82 crore in Q1 FY2026-27 and ₹88 crore in Q2 FY2025-26. Profit from continuing operations after tax was ₹145 crore, versus a loss of ₹66 crore in the previous quarter. Continuing-operations tax expense was ₹30 crore, following a tax credit of ₹16 crore in Q1 FY2026-27.

## Discontinued operations and reported profit

Discontinued operations generated profit before tax of ₹849 crore and incurred tax expense of ₹73 crore, leaving ₹775 crore after tax. This was substantially above the ₹32 crore profit after tax from discontinued operations in Q1 FY2026-27 and accounted for most of the quarter’s reported profit.

Total profit for the period was ₹919 crore, against a loss of ₹35 crore in the previous quarter. Of the quarter’s profit, ₹859 crore was attributable to owners of the parent and ₹60 crore to non-controlling interests. Basic and diluted earnings per share were ₹77.51 and ₹77.30, respectively, compared with a loss per share of ₹3.48 on both measures in Q1 FY2026-27.

## Balance sheet and liquidity

At 30 September 2026, inventories stood at ₹11,352 crore, up from ₹9,487 crore at 30 September 2025 and ₹11,060 crore at 31 March 2026. Cash and cash equivalents were ₹1,167 crore, compared with ₹681 crore a year earlier and ₹1,362 crore at 31 March 2026.

Current investments were ₹1,711 crore and bank balances other than cash and cash equivalents were ₹292 crore. Current financial assets totalled ₹3,433 crore, while current assets were ₹16,281 crore. Investment property was ₹723 crore and property, plant and equipment was ₹622 crore.

## Key Takeaway

The quarter marked a sharp turnaround in continuing-operations profitability and a steep rise in revenue, while the much larger reported net profit was primarily attributable to discontinued operations. Investors should distinguish the ₹145 crore contribution from continuing operations from the ₹775 crore profit from discontinued operations when assessing the quarter’s earnings.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +50.21%
- FII holding: +9.26%
- DII holding: +16.63%
- Mutual fund holding: +15.08%
- Retail holding: +12.87%
- Promoter pledged: +0.00%

### Major reported shareholders

- Pilani Investment and Industries Corporation Limited — +33.29% (Bodies Corporate)
- IGH Holdings Private Limited — +9.98% (Bodies Corporate)
- Birla Group Holdings Private Limited — +6.77% (Bodies Corporate)
- Canara Robeco Mutual Fund A/C Canara Robeco Large And Mid Cap Fund — +2.93%
- Invesco India Focused Fund — +2.57%
- Aditya Birla Sun Life Trustee Private Limited A/C - Aditya Birla Sun Life Elss Tax Saver Fund — +2.11%
- Bandhan Small Cap Fund — +1.97%
- Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund — +1.63%
- Birla  Corporation Limited — +1.62%
- Hitesh Satishchandra Doshi — +1.52%

## Official filings

- 2026-10-30 — Generic Announcement: Aditya Birla Real Estate Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CENTURYTEX_30102026185740_NSEBSEINTIMATION.pdf)
- 2026-10-27 — Generic Announcement: Aditya Birla Real Estate Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CENTURYTEX_27102026134059_BSENSEIntimation.pdf)
- 2026-10-26 — Generic Announcement: Aditya Birla Real Estate Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CENTURYTEX_26102026124925_Outcome.pdf)
- 2026-10-26 — Generic Announcement: Aditya Birla Real Estate Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CENTURYTEX_26102026125622_Change_in_director.pdf)
- 2026-10-26 — Generic Announcement: Aditya Birla Real Estate Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_295_WebXMLFile_20261026_130641341.xml)
- 2026-10-26 — Earnings Presentation: Aditya Birla Real Estate Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CENTURYTEX_26102026133527_Intimation.pdf)
- 2026-10-26 — Generic Announcement: Aditya Birla Real Estate Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CENTURYTEX_26102026195026_Intimation.pdf)
- 2026-10-26 — Financial Results Filing: Aditya Birla Real Estate Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1746262_26102026080738_WEB.xml)
- 2026-10-26 — Financial Results Filing: Aditya Birla Real Estate Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1746264_26102026080802_WEB.xml)
- 2026-10-24 — Generic Announcement: Aditya Birla Real Estate Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CENTURYTEX_24102026123254_Intimation.pdf)
- 2026-10-23 — Press Release: Aditya Birla Real Estate Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CENTURYTEX_23102026154127_NSEBSEINTIMATION.pdf)
- 2026-10-22 — Generic Announcement: Aditya Birla Real Estate Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CENTURYTEX_22102026173059_Postalballotnotice.pdf)
- 2026-10-22 — Generic Announcement: Aditya Birla Real Estate Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_295_WebXMLFile_20261022_175002563.xml)
- 2026-10-21 — Generic Announcement: Aditya Birla Real Estate Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CENTURYTEX_21102026175054_FinalCPCertificate.pdf)
- 2026-10-21 — Generic Announcement: Aditya Birla Real Estate Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CENTURYTEX_21102026181956_NSEBSEINTIMATION.pdf)
- 2026-10-19 — Shareholding Disclosure: Aditya Birla Real Estate Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1742103_19102026090804_WEB.xml)
- 2026-10-16 — Generic Announcement: Aditya Birla Real Estate Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CENTURYTEX_16102026175505_Intimation.pdf)
- 2026-10-15 — Board Meeting Notice: Aditya Birla Real Estate Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CENTURYTEX_15102026160053_NSEBSEINTIMATION.pdf)
- 2026-10-15 — Board Meeting Notice: Aditya Birla Real Estate Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_295_WebXMLFile_20261015_160758237.xml)
- 2026-10-15 — Generic Announcement: Aditya Birla Real Estate Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_295_WebXMLFile_20261015_160758237.xml)
- 2026-10-06 — Generic Announcement: Aditya Birla Real Estate Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CENTURYTEX_06102026150520_NSEBSEINTIMATION.pdf)
- 2026-10-01 — Credit Rating Update: Aditya Birla Real Estate Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CENTURYTEX_01102026173930_NSEBSEINTIMATION.pdf)
- 2026-09-28 — Generic Announcement: Aditya Birla Real Estate Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CENTURYTEX_28092026150149_NSEBSEINTIMATION.pdf)
- 2026-09-16 — Generic Announcement: Aditya Birla Real Estate Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_295_WebXMLFile_20260916_181921904.xml)
- 2026-09-16 — Generic Announcement: Aditya Birla Real Estate Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_295_WebXMLFile_20260916_181920009.xml)

## News and market events

- 2026-11-03 — Mint: **Down 38% in 2026, Aditya Birla Real Estate gets Buy rating from Anand Rathi; 30% upside see | Stock Market News** — Anand Rathi initiated coverage of Aditya Birla Real Estate with a Buy rating and a ₹1,345 target price, implying 30% upside despite the stock having fallen 38% in 2026. The brokerage anticipates pre-sales recovery from FY28, driven by a stronger launch pipeline and value-accretive changes to the Niyaara Tower C project, although the delayed launch may weigh on FY27 figures. — [Source](https://www.livemint.com/market/stock-market-news/down-38-in-2026-aditya-birla-real-estate-gets-buy-rating-from-anand-rathi-30-upside-see-11793728248414.html)
- 2026-11-02 — MONEYCONTROL: **Buy Aditya Birla Real Estate; target of Rs 1345: Anand Rathi** — Anand Rathi has issued a 'Buy' recommendation for Aditya Birla Real Estate, setting a target price of Rs 1345. — [Source](https://www.moneycontrol.com/news/business/stocks/buy-aditya-birla-real-estate-target-of-rs-1345-anand-rathi-14066365.html)
- 2026-10-27 — MONEYCONTROL: **Aditya Birla Real Estate target cut to Rs 1,600; Nomura expects pre-sales to bottom out in FY27** — Aditya Birla Real Estate target cut to Rs 1,600; Nomura expects pre-sales to bottom out in FY27 Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio IPO Allotment Jio IPO Listing Date Israel Elections 2026 live Microsoft Buyout news Gyanesh Kumar Benjamin Netanyahu Noel Tata Ather Share Price Anthropic IPO News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Pr — [Source](https://www.moneycontrol.com/news/business/stocks/aditya-birla-real-estate-target-cut-to-rs-1-600-nomura-expects-pre-sales-to-bottom-out-in-fy27-14061143.html)
- 2026-10-26 — The Hindu: **Aditya Birla Real Estate Q2 Results: PAT hits ₹919 cr on Birla Tisya revenue** — Aditya Birla Real Estate Ltd reported a consolidated total profit after tax of ₹919 crore for the July–September 2026 quarter Q2 FY27. — [Source](https://www.thehindubusinessline.com/news/real-estate/aditya-birla-real-estate-q2-results-pat-hits-919-cr-on-birla-tisya-revenue/article71626444.ece)
- 2026-10-26 — CNBC-TV18: **Aditya Birla Real Estate shares rise over 3% after Q2 profit jumps to ₹858 crore** — Net profit stood at ₹858 crore, compared with a loss of ₹15.7 crore in the corresponding quarter last year. The profit included a one-time gain of ₹868 crore, compared with no such gain in the year-ago period. — [Source](https://www.cnbctv18.com/market/aditya-birla-real-estate-share-price-rises-q2-profit-jumps-to-858-crore-revenue-margin-20019362.htm)
- 2026-10-23 — Economic Times: **Aditya Birla Real Estate eyes Rs 1,650 cr revenue from new project in Pune** — Aditya Birla Real Estate Ltd has announced plans to develop a housing project in Pune. This initiative will generate an estimated revenue of Rs 1,650 crore through a Joint Development Agreement. The project, located in Hinjewadi, spans 5.62 acres and features a total saleable area of approximately 1.25 million sq ft. Birla Estates, a subsidiary of Aditya Birla Real Estate, will oversee the project development. — [Source](https://economictimes.indiatimes.com/markets/digital-real-estate/realty-news/aditya-birla-real-estate-eyes-rs-1650-cr-revenue-from-new-project-in-pune/articleshow/135148283.cms)
- 2026-09-25 — BUSINESS: **Quick Wrap: Nifty Realty Index records a surge of 0.92%** — Powered by Capital Market - Live News — [Source](https://www.business-standard.com/markets/capital-market-news/quick-wrap-nifty-realty-index-records-a-surge-of-0-92-126092500906_1.html)
- 2026-09-25 — BUSINESS: **Sensex, Nifty trade near flat line; realty shares jump** — Realty shares rebounded after declining in the previous trading session. — [Source](https://www.business-standard.com/markets/capital-market-news/sensex-nifty-trade-near-flat-line-realty-shares-jump-126092500471_1.html)
- 2026-09-23 — BUSINESS: **Market near day's high; realty shares climb** — Realty shares witnessed buying demand for six consecutive trading sessions. — [Source](https://www.business-standard.com/markets/capital-market-news/market-near-day-s-high-realty-shares-climb-126092300479_1.html)
- 2026-09-16 — BUSINESS: **Indices trade higher; realty shares plunge** — At 14:25 IST, the barometer index, the S&P BSE Sensex jumped 312.79 points or 0.43% to 74,323.02. The Nifty 50 index added 117.65 points or 0.51% to 23,236.25. — [Source](https://www.business-standard.com/markets/capital-market-news/indices-trade-higher-realty-shares-plunge-126091600625_1.html)
- 2026-09-15 — BUSINESSTODAY: **ICICI Bank, Ashok Leyland, Oberoi Realty, SBI shares: Rate-sensitives slide as 25 bps Oct rate hike bets rise** — Rate sensitive stocks fall, Tata Motors shares, ICICI Bank, SBI shares, Ashok Leyland shares, Oberoi Realty shares — [Source](https://www.businesstoday.in/markets/stocks/story/icici-bank-ashok-leyland-oberoi-realty-sbi-shares-rate-sensitives-slide-as-25-bps-oct-rate-hike-bets-rise-555614-2026-09-15)
- 2026-09-14 — MONEYCONTROL: **Birla Estates targets doubling in annual pre-sales to Rs 15,000 cr in three years** — birla estates, aditya birla group, real estate, pune real estate, mumbai real estate — [Source](https://www.moneycontrol.com/news/business/real-estate/birla-estates-targets-doubling-in-annual-pre-sales-to-rs-15-000-cr-in-three-years-14029345.html)
- 2026-09-11 — BUSINESS: **Quick Wrap: Nifty Realty Index falls 2.70%** — Powered by Capital Market - Live News — [Source](https://www.business-standard.com/markets/capital-market-news/quick-wrap-nifty-realty-index-falls-2-70-126091100941_1.html)
- 2026-09-11 — BUSINESS: **Indices trade with major losses; realty shares decline** — At 10:30 IST, the barometer index, the S&P BSE Sensex, tanked 538.70 points or 0.72% to 74,367.44. The Nifty 50 index lost 179.35 points or 0.76% to 23,298.45. — [Source](https://www.business-standard.com/markets/capital-market-news/indices-trade-with-major-losses-realty-shares-decline-126091100337_1.html)
- 2026-08-14 — BUSINESSTODAY: **Top stocks in news: Tata Motors PV, LEAP, Technocraft, AB Real Estate, Max Fin, LG India** — Stocks in news, Stocks in buzz, Stocks to buy, Stocks to watch, Tata Motors Passenger Vehicles, LEAP India, Technocraft Ventures, Aditya Birla Real Estate, Max Financial Services, LG Electronics India, KRBL, Honasa Consumer, Brigade Enterprises, Welspun Living, Indigo Paints — [Source](https://www.businesstoday.in/markets/stocks/story/top-stocks-in-news-tata-motors-pv-leap-technocraft-ab-real-estate-max-fin-lg-india-549103-2026-08-14)
- 2026-08-13 — CNBC-TV18: **Stocks to Watch for August 14: Tata Motors PV, LG Electronics, Honasa Consumer, Max Fin Services and more** — From Honasa Consumer reporting a 118.4% year-on-year rise in net profit to Birla Estates entering Navi Mumbai’s redevelopment market with a Vashi housing project, these are the stocks to track ahead of Friday’s trading session. Investors will also watch Borosil, Cochin Shipyard and CSM Technologies, which are scheduled to announce their June-quarter results tomorrow. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-august-14-tata-motors-pv-lg-electronics-honasa-consumer-max-fin-services-and-more-19968900.htm)
- 2026-08-13 — CNBC-TV18: **Birla Estates enters Navi Mumbai redevelopment market with ₹2,600 crore Vashi housing project** — The 3.06-acre Vashi project will feature premium and luxury homes and marks Birla Estates’ first redevelopment project in Navi Mumbai. — [Source](https://www.cnbctv18.com/real-estate/birla-estates-takes-redevelopment-push-to-vashi-with-rs-2600-crore-project-19968703.htm)
- 2026-08-13 — CNBC-TV18: **Q1 Results LIVE Updates: Juniper Hotels revenue rises 13%; Lincoln Pharma EBITDA up 15%** — Q1 Results LIVE Updates: Tata Motors PV, Page Industries, JSW Cement, Aditya Birla Real Estate, Avanti Feeds, Dreamfolks, Godrej Industries, IGL, Indigo Paints, IPCA Labs, Jubilant Foodworks, LG Electronics India, Max Financial Services, Olectra Industries, VST Tillers, Welspun Living, Solar Industries, are among the companies reporting their first quarter earnings today. Earnings reactions also come from Tata Motors CV, Lenskart, Apollo Hospitals among many other stocks. Watch this space for all the LIVE Q1 result updates. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-today-tata-motors-page-industries-abrel-jsw-cement-lenskart-petronet-astral-igl-ipca-share-price-liveblog-19968129.htm)
- 2026-08-12 — CNBC-TV18: **Stocks to Watch for August 13: Tata Motors, IRCON, Astral, Lenskart and more** — Stocks of Astral, Lenskart, Tata Motors, IRCON and other companies will be in focus on Wednesday as these companies reported their June quarter earnings after market hours on Tuesday. Investors will also watch Asian Energy Services, Awfis Space Solutions, Balaji Telefilms and others, which are scheduled to announce their results tomorrow. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-august-13-tata-motors-ircon-astral-lenskart-and-more-19967707.htm)

## Business profile

**Strategic vision:** Develops residential and commercial real estate and operates a paper division.

### Business segments
- **Real Estate Development (Birla Estates):** Develops premium and mid-income housing projects and Grade-A commercial properties on owned land, acquired parcels, or through joint development agreements.
- **Paper Division (Century Pulp & Paper):** A division that produces writing and printing paper, tissue paper, and paperboard products using sustainably sourced raw materials.

### Competitive strengths
- Proprietary LIFEDESIGNED® philosophy emphasizing quality design, integrated landscaping, and community amenities.
- Development on group-owned land, acquired parcels, or through joint development agreements.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/abrel
Markdown representation: https://faxioms.com/stocks/abrel?render=md