Aditya Birla Real Estate Q2 Collections Up 47% YoY

Collection Value: ₹752 Cr in Q2 FY27 (47% YoY increase from ₹512 Cr in Q2 FY26); ₹1,465 Cr in H1 FY27 (39% YoY increase from ₹1,057 Cr in H1 FY26)
Units Sold: Not specified in quantitative terms
Area Sold: Not specified in quantitative terms
Achieved landmark milestone of ₹10,000 Cr in cumulative collections across projects
Improvement in credit outlook for BEPL by CARE; revised from AA Stable to AA Positive
Key drivers: Strong sustenance sales across MMR, Pune, and Bengaluru projects; new project launches

MMR Region: Birla Taranya showed strong sustenance momentum with booking value of ₹123 Cr in Q2 FY27
Pune Region: Contributed ₹92 Cr in booking value from Birla Punya Phase 2 and Birla Evam
Bengaluru Region: Sustenance sales across Birla Trimaya Phase 4, Birla Ojasvi and Birla Evara contributed ₹72 Cr booking value
Significant changes: Regional diversification across top 4 high-growth markets (MMR, Bengaluru, NCR, Pune)

Revenue (Total Sales): ₹825 Cr in Q2 FY27; ₹1,014 Cr in H1 FY27 (vs ₹243 Cr in H1 FY26)
Total Income: ₹861 Cr in Q2 FY27; ₹1,067 Cr in H1 FY27
EBITDA: ₹195 Cr in Q2 FY27; ₹157 Cr in H1 FY27 (vs negative ₹83 Cr in H1 FY26)
PAT: ₹919 Cr in Q2 FY27 (including discontinued operations); ₹884 Cr in H1 FY27
EBITDA Margins: 28% for Birla Tisya; 35% for Birla Navya
YoY comparison: H1 FY27 Total Income increased 309% YoY against ₹87 Cr in H1 FY26
Drivers: Higher revenue recognition from completed projects, improved operational efficiency
Key Risks: Not explicitly disclosed

Domestic vs Export: Entirely domestic operations across India's top 4 markets
Regional Breakdown: Operations spread across MMR, Bengaluru, NCR, and Pune markets
The four focus markets together accounted for approximately 65% of pan-India residential absorption in Q2 FY27

Net Debt (Consolidated): ₹3,633 Cr as of reporting period
Financial Health Insights: Strong cash flow generation, improved credit rating outlook

Capital Expenditure: Ongoing investments in project development across portfolio
Operating Cash Flow: Net operating cash flow of ₹72 Cr in Q2 FY27; ₹123 Cr in H1 FY27
Collection Inflow: ₹725 Cr in Q2 FY27; ₹1,380 Cr in H1 FY27
Construction Outflow: ₹547 Cr in Q2 FY27; ₹984 Cr in H1 FY27
Investment Rationale: Focus on capacity expansion, premium residential development

Investments in Innovation: Superior new age design capabilities with global architects (Foster + Partners, Sasaki Associates, LERA, Coopers Hill, BPI Design, Priedmann)
Strategic Partnerships: ₹4,200 Mn investment from IFC for Pune and Thane projects (56:44 SPV structure); ₹5,600 Mn JV with Mitsubishi Estate for Bengaluru project (51:49 SPV structure)
Expected impact: Portfolio with revenue potential of ~₹77,700 Cr across 35.0 Mn sq ft
Strategic Rationale: Expanding into high-growth markets through outright purchases and asset-light joint ventures

Macro/Industry Trends: India's residential real estate market demonstrated positive activity with absorption of ₹2,38,717 Cr in Q2 FY27, 12% above new supply of ₹2,13,090 Cr
Price Appreciation: Residential prices appreciated across all regions - MMR (0.6% YoY), Pune (3.2% YoY), Bengaluru (8.2% YoY), NCR (17.5% YoY)
Impact on Company: Demand continues to favour quality, well-located projects benefiting the company's premium positioning

Strategic Outlook: Positioned to lead in innovation, governance, and growth; poised to be among India's most aspirational real estate brands
FY Guidance: Project launch pipeline of ₹4,728 Cr GDV in FY27 across 2.6 Mn sq ft
Total sustenance sales potential from ongoing projects: ₹6,619 Cr
Future Pipeline: ₹41,889 Cr GDV across 13.1 Mn sq ft including Worli Tower C (₹7,824 Cr GDV) and Worli New Plot (₹13,787 Cr GDV)

GRESB Rating: Outstanding performance in 2026 assessment - Standing Investments: 95.9/100 (5-Star rating); Development: 100/100; Global Sector Leader in both benchmarks; Rank 1 in Asia for Management Score
Safety Performance: Total safe manhours achieved till date: 71.93 Mn; Safe man hours in Q2 FY27: 6.33 Mn
Sustainable Procurement: Developed BEPL's Sustainable Procurement Guidelines; Supplier assessment initiatives