ABREL Q2 FY27: Real Estate Turns Profitable

But One-Time Gain Lifts Reported Profit Aditya Birla Real Estate reported a consolidated net profit of ₹918.70 Cr. However, ₹868.12 Cr came from the sale of Century Pulp & Paper to ITC for ₹3,476 Cr. The underlying real estate business also returned to profit. Q2 FY27 Performance (YoY) • Revenue from operations: ₹825.03 Cr (+743.2%) • Total income: ₹860.86 Cr (+660.3%) • Profit before tax: ₹173.79 Cr, against a loss of ₹91.83 Cr • Net profit: ₹143.31 Cr, against a loss of ₹73.10 Cr Key Developments • Real estate segment profit reached ₹151.80 Cr, compared with a loss of ₹72.66 Cr last year. • Borrowings declined to ₹3,631 Cr from ₹5,637 Cr in March. Cash, bank balances and current investments stood at around ₹3,169 Cr. • The company plans ₹9,596 Cr worth of launches in H2 FY27 and targets adding ₹10,000–15,000 Cr in new projects this year. Points to Track • Around ₹60 Cr of the ₹143.31 Cr continuing profit belongs to minority partners. • Other income of ₹36 Cr contributed around 21% of profit before tax. The improvement in real estate profitability and lower borrowings are key developments. Future launches and project execution will be important for the next phase of growth. Not a buy/sell recommendation.