Event Type: Q2/H1-FY2026-27 Earnings Conference Call conducted after the Board of Directors meeting.

Date and Time: The conference call was conducted on October 26, 2026, at 5:00 PM IST.

Purpose: Discussion of quarterly results and business performance for Q2 and first half of FY2026-27.

Management Participants:

  • Mr. R.K. Dalmia – Managing Director – Aditya Birla Real Estate Limited
  • Mr. K.T. Jithendran – Managing Director and Chief Executive Officer – Birla Estates Private Limited
  • Mr. Keyur Shah – Chief Financial Officer – Aditya Birla Real Estate Limited

Moderator: Mr. Karan Khanna from AMBIT Capital Private Limited

Financial Period Discussed: Q2 and H1 FY2026-27 (April 2026 - September 2026)

Key Financial Highlights:

  • Total income increased 309% YoY to INR355 crores in 1HFY27
  • Q2 income stood at INR268 crores, up 755% YoY
  • Collections increased 39% YoY to INR1,465 crores in 1HFY27
  • Q2 collections were INR752 crores, up 47% YoY
  • Cumulative collections crossed INR10,000 crores across projects
  • Birla Tisya recognized EBITDA of INR181 crores at 28% margin
  • Birla Navya contributed INR39 crores at 35% EBITDA margin
  • 2QFY27 booking value stood at INR298 crores

Strategic Updates:

  • Announced JDA for 5.6 acres prime residential land parcel in Hinjewadi Phase 1, Pune with GDV potential of approximately INR1,650 crores
  • Redesigning Tower C at Worli flagship development to unlock full potential, increasing net GDV by approximately INR1,900 crores
  • Launch of Tower C deferred to next financial year (FY28)
  • Actively discussing additional redevelopment opportunities across MMR micro markets
  • ESG achievements: GRESB assessment score of 95.9/100, 5-star rating, global sector leader recognition

Business Development Guidance:

  • Company remains confident in achieving FY27 business development guidance of INR10,000-15,000 crores
  • Already added INR6,200 crores of new projects increasing GDV in current year
  • Target to reach presales of INR15,000 crores by FY29

Compliance Statement: The transcript was submitted pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Additional Notes Section

The document includes the full transcript of the earnings conference call containing detailed Q&A session with analysts from various brokerage firms including Equirus Securities, Motilal Oswal Financial Services, Emkay Global, Nomura, Axis Capital, Jefferies, and others.