Aditya Birla Real Estate Q2 FY27 Results: Consolidated Net Profit ₹919 Crore on Total Income of ₹861 Crore

Earnings
Real estate

Blacklitt Research26 October 20263 min read

Aditya Birla Real Estate (NSE: ABREL) reported consolidated total income of ₹860.86 crore and net profit of ₹918.70 crore for the quarter ended 30 Sep 2026, it said in a filing on 26 Oct 2026. Standalone total income was ₹142.36 crore and standalone net profit ₹838.64 crore. Both figures include gains from the transfer of the Pulp and Paper Business.

Key highlights

Consolidated

Including its subsidiaries

Total income: ₹860.86 crore, up 660.3% YoY and 318.5% QoQ
Net profit and EPS: ₹918.70 crore; basic EPS ₹77.51, against a loss of ₹17.82 crore a year earlier
Exceptional gain: ₹868.12 crore gain on disposal of the Pulp and Paper Business, in discontinued operations

Standalone

The company on its own, without its subsidiaries

Total income: ₹142.36 crore, up 5.7% YoY and 11.6% QoQ
Net profit and EPS: ₹838.64 crore; basic EPS ₹75.71, against ₹79.31 crore a year earlier
Other income: ₹78.28 crore, 55.0% of total income

Summary

Consolidated ₹ crore
Particulars	Q2 FY27	Q2 FY26	YoY	Q1 FY27	QoQ
	860.86	113.23	+660.3%	205.72	+318.5%
Other income	35.83	15.39	+132.8%	16.87	+112.4%
	918.70	-17.82	n/a	-34.59	n/a
Profit before tax	173.79	-91.83	n/a	-83.00	n/a
Depreciation	19.98	15.73	+27.0%	17.35	+15.2%
Net profit margin	106.72%	-15.74%	+122.46 pp	-16.81%	+123.53 pp
EPS, basic (₹)	77.51	-1.43	n/a	-3.48	n/a

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Consolidated profit before tax was ₹173.79 crore, while the gain on disposal of ₹868.12 crore sits in discontinued operations, so the net profit of ₹918.70 crore is far above the profit before tax. Other income of ₹35.83 crore is 20.6% of profit before tax of ₹173.79 crore.

Consolidated finance cost is shown as nil for the quarter, against ₹25.83 crore in the June quarter and ₹17.73 crore a year earlier, and the segment note does not give a reason. Non-controlling interest took ₹60.20 crore of the profit, so the amount attributable to owners of the company was ₹858.50 crore.

The year-earlier base was a loss. Depreciation rose 27.0% to ₹19.98 crore, and the company describes the Pulp and Paper transfer as a going concern transfer for a consideration of ₹3,476 crore.

Standalone ₹ crore
Particulars	Q2 FY27	Q2 FY26	YoY	Q1 FY27	QoQ
	142.36	134.65	+5.7%	127.52	+11.6%
Other income	78.28	66.94	+16.9%	64.12	+22.1%
	838.64	79.31	+957.4%	63.48	n/a
Profit before tax	84.92	37.70	+125.3%	41.72	+103.5%
Finance costs	16.73	44.43	-62.3%	46.52	-64.0%
Depreciation	11.68	13.17	-11.3%	12.28	-4.9%
Net profit margin	589.10%	58.90%	+530.20 pp	49.78%	+539.32 pp
EPS, basic (₹)	75.71	7.17	+955.9%	5.74	n/a

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Standalone profit before tax was ₹84.92 crore, up 125.3% YoY, while net profit of ₹838.64 crore rose 957.4%, faster than total income, which rose 5.7%. Other income of ₹78.28 crore is 92.2% of profit before tax.

Standalone finance costs fell to ₹16.73 crore from ₹44.43 crore a year earlier, which is 11.8% of total income. The standalone interest service coverage ratio is 4.82 times for the quarter.

Inference

The company holds a standalone debt-equity ratio of 0.37 times and a consolidated ratio of 0.79 times, against standalone net worth of ₹5,645.81 crore and consolidated net worth of ₹4,622.72 crore, both as at 30 Sep 2026. The filing says the company completed the Pulp and Paper transfer for ₹3,476 crore; the filing does not say how that consideration will be used.

The company says it will opt for the new tax regime from tax year 2026-27, after reversing a net deferred tax liability of ₹123.76 crore in the year to 31 Mar 2026. The board also proposed the ABREL ESOP Scheme 2026 covering 8,29,000 options, subject to shareholder approval. The filing does not say whether any dividend has been declared for the quarter.

Reference: Original filing (PDF)

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Aditya Birla Real Estate Q2 FY27 Results: Consolidated Net Profit ₹919 Crore on Total Income of ₹861 Crore

Key highlights

Consolidated

Standalone

Summary

Inference

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