Key Financial Figures - Standalone (₹ Crores)

Quarter Ended September 30, 2026:

  • Income from Operations: ₹63.66 (Sales: ₹63.66, Other Operating Income: ₹0.42)
  • Other Income: ₹78.28
  • Total Income: ₹142.36
  • Total Expenses: ₹57.44
  • Finance Cost: ₹16.73
  • Depreciation: ₹11.68
  • Employee Benefits: ₹6.69
  • Profit Before Exceptional Items and Tax: ₹84.92
  • Exceptional Items: Nil (Previous year: ₹(19.84))
  • Profit Before Tax from Continuing Operations: ₹84.92
  • Tax Expense: ₹21.67 (Current: ₹12.99, Deferred: ₹8.68)
  • Net Profit from Continuing Operations: ₹63.25
  • Net Profit from Discontinued Operations: ₹775.39 (includes exceptional gain of ₹868.12)
  • Net Profit for Period: ₹838.64
  • Total Comprehensive Income: ₹848.02
  • Paid-up Equity Capital: ₹111.69
  • Other Equity: ₹5,534.12 (vs. ₹4,581.19 as of March 31, 2026)

Earnings Per Share (₹):

  • Basic EPS - Continuing Operations: ₹5.71
  • Basic EPS - Discontinued Operations: ₹70.00
  • Basic EPS - Total: ₹75.71

Six Months Ended September 30, 2026:

  • Net Profit: ₹902.12
  • Total Comprehensive Income: ₹951.91

Discontinued Operations - Pulp & Paper Business Divestment

Pursuant to Board approval on March 31, 2025, the company executed a Business Transfer Agreement (BTA) with ITC Limited for the sale of its Pulp & Paper undertaking. The transfer was completed on a going concern basis during Q2 FY27 for a consideration of ₹3,476 crore, resulting in a gain on disposal of ₹868.12 crore, classified as an exceptional item.

Financials of Discontinued Business (Q2 FY27):

  • Total Income: ₹268.10
  • Total Expenses: ₹287.52
  • Profit/(Loss) before tax before exceptional items: ₹(19.42)
  • Exceptional Item: ₹868.12
  • Total Tax Expenses: ₹(73.38)
  • Net Profit: ₹775.32

Key Financial Figures - Consolidated (₹ Crores)

Quarter Ended September 30, 2026:

  • Income from Operations: ₹824.27 (Sales: ₹824.27, Other Operating Income: ₹0.76)
  • Other Income: ₹35.83
  • Total Income: ₹860.86
  • Total Expenses: ₹685.62
  • Cost of land, construction: ₹524.10
  • Employee Benefits: ₹59.15
  • Finance Cost: Nil (disclosed separately)
  • Profit/(Loss) before tax and share of profit/(loss) of joint venture: ₹175.24
  • Share of Loss of Joint Venture: ₹(1.45)
  • Profit/(Loss) before exceptional items and tax: ₹173.79
  • Exceptional Items: Nil
  • Profit/(Loss) before tax from continuing operations: ₹173.79
  • Tax Expense: ₹30.48 (Current: ₹11.11, Deferred: ₹19.37)
  • Net Profit/(Loss) from Continuing Operations: ₹143.31
  • Net Profit from Discontinued Operations: ₹775.39
  • Net Profit/(Loss) for Period: ₹918.70
  • Total Comprehensive Income: ₹928.08
  • Attributable to Owners: ₹867.88
  • Attributable to Non-controlling Interest: ₹60.20
  • Paid-up Equity Capital: ₹111.69
  • Other Equity: ₹4,460.09 (vs. ₹3,589.13 as of March 31, 2026)

Earnings Per Share (₹):

  • Basic EPS - Continuing Operations: ₹7.51
  • Basic EPS - Discontinued Operations: ₹70.00
  • Basic EPS - Total: ₹77.51

Six Months Ended September 30, 2026:

  • Net Profit/(Loss): ₹884.11
  • Total Comprehensive Income: ₹933.90

Segment Performance (Standalone)

Q2 FY26 Revenue:

  • Real Estate: ₹49.32
  • Others: ₹14.52
  • Total: ₹63.84

Segment Results (Profit after depreciation but before finance costs):

  • Real Estate: ₹27.70
  • Others: ₹11.45
  • Sub-Total: ₹39.15

Balance Sheet Highlights (Standalone)

As of September 30, 2026:

  • Total Assets: ₹12,231.66 crore (vs. ₹13,536.59 crore as of March 31, 2026)
  • Non-current Assets: ₹4,743.62 crore
  • Current Assets: ₹7,488.04 crore (Inventories: ₹4,788.41 crore)
  • Total Equity: ₹5,645.81 crore
  • Non-current Liabilities: ₹1,769.50 crore (Borrowings: ₹1,203.27 crore)
  • Current Liabilities: ₹4,816.35 crore (Borrowings: ₹904.80 crore)

Cash Flow Statement (Standalone, H1 FY27)

  • Net Cash from Operating Activities: ₹(92.60) crore
  • Net Cash from Investing Activities: ₹2,114.09 crore (includes proceeds from business sale: ₹3,299.48 crore)
  • Net Cash from Financing Activities: ₹(2,290.14) crore (repayment of borrowings: ₹2,810.25 crore)
  • Net Decrease in Cash: ₹(268.65) crore

Corporate Actions and Updates

  • ESOP Scheme: The Board, on August 13, 2026, proposed the ABREL ESOP Scheme 2026 covering 829,000 stock options for eligible employees and directors, subject to shareholders' approval.
  • During H1 FY27, 279,069 ESOPs were exercised, and 80,749 treasury shares were sold in the open market.
  • Segment Reclassification: Following the divestment of the Pulp & Paper business and disposal of Textile assets, management revised segment classification to:
  • Real Estate: Residential projects, leased properties, investment properties
  • Others: Viscose Filament Yarn, Tyre Yarn (Rayon), Salt works, Chemicals

Regulatory and Compliance Information

  • The financial results were reviewed by the Audit Committee and approved by the Board on October 26, 2026.
  • Limited review reports were issued by Singhi & Co., Chartered Accountants, for both standalone and consolidated results.
  • The results include the impact of revised deferred tax estimates due to amendments under the Income Tax Act, 2025, and the Finance Act, 2026. The company will opt for the new tax regime from FY 2026-27.
  • Exceptional items include provisions for joint venture liabilities (₹13.50 crore, fully impaired) and incremental gratuity/leave liability from New Labour Codes (₹36.23 crore, of which ₹6.34 crore pertained to continued operations).

Additional Regulatory Ratios (Standalone, Q2 FY27)

  • Debt-Equity Ratio: 0.37 times
  • Interest Service Coverage Ratio: 4.82 times
  • Current Ratio: 1.55 times
  • Net Profit Margin (after exceptional items): 251.99%