Aditya Birla Real Estate Ltd

The key equity barometers traded with substantial gains in the morning trade. The Nifty climbed above the 22,750 mark. Realty shares jumped after declining for three consecutive trading sessions. At 10:30 IST, the barometer index, the S&P BSE Sensex, advanced 868.62 points or 1.18% to 75,066.74. The Nifty 50 index rallied 253.15 points or 1.12% to 22,761.90. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 1.25% and the S&P BSE Small-Cap index jumped 1.96%. The market breadth was strong. On the BSE, 2,665 shares rose and 908 shares fell. A total of 184 shares were unchanged. Buzzing Index: The Nifty Realty index advanced 2.11% to 813.90. The index declined 1.79% in the past three consecutive trading sessions. DLF (up 3.8%), Raymond (up 3.38%), Mahindra Lifespace Developers (up 2.74%), Prestige Estates Projects (up 2.02%), Godrej Properties (up 1.95%), Phoenix Mills (up 1.81%), Oberoi Realty (up 1.63%), Brigade Enterprises (up 1.57%), Macrotech Developers (up 1.47%) and Sobha (up 0.51%) advanced. Stocks in Spotlight: NBCC (India) jumped 1.98% after the company received an order worth Rs 44.62 crore from Mahatma Gandhi Institute for Rural Industrialisation (MGIRI), Wardha. Aditya Birla Real Estate rallied 3.36% after the company's wholly owned subsidiary, Birla Estates, launched its first luxury residential project in Pune, Birla Punya, with an estimated revenue potential value of Rs 2,700 crore. Insolation Energy rallied 3.05% after the company announced that it had received two orders totaling Rs 372.20 crore from Rajasthan Renewable Energy Corporation (RREC) and Teerth Gopicon.Powered by Capital Market - Live

The said project is located in Central Pune (Sangamwadi), this is company's first residential project in the city spread over 5.76 acres and will feature 1.6 million square foot (sq.ft.) of saleable area including 1000 exclusive flats, offering spacious and modern living spaces. The project will feature luxury residential apartments ranging from 1 BHK to 4 BHK across four thoughtfully designed towers. It will be developed in phases, with phase 1 offering two towers and 500 units. K. T. Jithendran, MD & CEO of Birla Estates said, 'As Pune's real estate market continues to be on the rise, driven by its thriving IT ecosystem and strong infrastructure development, we see that there is a growing demand for premium homes. Moreover, as the cultural capital of Maharashtra, Pune is embracing a more elevated lifestyle, which serves as the inspiration behind our project's design. With Birla Punya, we aim to set a new benchmark for sophisticated living, offering a seamless balance of contemporary luxury and the timeless charm of Pune.' Aditya Birla Real Estate (formerly known as Century Textiles and Industries) is established in 1897. It has presence in cotton textiles, pulp & paper and real estate sectors. The firm had reported consolidated net loss of Rs 40.59 crore in Q3 FY25 as compared with net profit of Rs 83.30 crore in Q3 FY24. Revenue declined by 3.65% year-on-year (YoY) to Rs 946.21 crore in the third quarter of FY25.Powered by Capital Market - Live

The agreement entails investing Rs 560 crore in the said residential project in Bengaluru through a special purpose vehicle (SPV). Under the partnership, BEPL and MJR Investment (MIPL), an affiliate of MEC will share 51:49 economic interest respectively in the SPV. The SPV will lead the development of the premium residential project, which spans 4 million square feet of built-up area, strategically located in Bengaluru's thriving Southeast locality. K. T. Jithendran, MD & CEO of Birla Estates, said: 'We are pleased to announce our strategic collaboration with Mitsubishi Estate, marking its maiden investment in India's residential real estate sector, to develop premium residential project. Starting with this project, this partnership will combine MEC's global expertise and our deep local insights to deliver world-class living spaces.' Aditya Birla Real Estate (formerly known as Century Textiles and Industries) is established in 1897. It has presence in cotton textiles, pulp & paper and real estate sectors. The firm had reported consolidated net loss of Rs 40.59 crore in Q3 FY25 as compared with net profit of Rs 83.30 crore in Q3 FY24. Revenue declined by 3.65% year-on-year (YoY) to Rs 946.21 crore in the third quarter of FY25. The scrip declined 2.88% to end at Rs 1880.10 on the BSE on Friday. Powered by Capital Market - Live

The Board of Aditya Birla Real Estate at its meeting held on 21 January 2025 has approved the sale of machineries relating to Processing, Utility, R&D etc. of the textile plant viz. Birla Century at Jhagadia, Bharuch, Gujarat, the operations of which were discontinued. Powered by Capital Market - Live

Total income decreased 28.36% year on year (YoY) to Rs 961.32 crore in the third quarter of FY25. During Q3 FY25, the firm recorded a pre-tax loss of Rs 47.99 crore as against profit before tax of Rs 162 crore in Q3 FY24. On segmental front, revenue from pulp & paper business was Rs 741.86 crore (down 15.81% YoY) while real estate income stood at Rs 185.98 crore (up 116.58% YoY) during the period under review. Total expenses spiked 8.07% YoY to Rs 1,009.31 crore in the December 2024 quarter. Cost of materials consumed was Rs 478.65 crore (down 14.15% YoY), cost of land, construction and other related real estate development cost stood at Rs 120.36 crore (up 232.76% YoY) and employee benefits expense was at Rs 99.62 crore (up 20.26% YoY) during the period under review. Aditya Birla Real Estate (formerly known as Century Textiles and Industries) is established in 1897. It has presence in cotton textiles, pulp & paper and real estate sectors. Powered by Capital Market - Live

Net loss of Aditya Birla Real Estate reported to Rs 40.59 crore in the quarter ended December 2024 as against net profit of Rs 83.30 crore during the previous quarter ended December 2023. Sales declined 3.65% to Rs 946.21 crore in the quarter ended December 2024 as against Rs 982.04 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales946.21982.04 -4 OPM %1.3519.47 - PBDT7.75209.21 -96 PBT-47.99155.89 PL NP-40.5983.30 PL Powered by Capital Market - Live

Aditya Birla Real Estate will hold a meeting of the Board of Directors of the Company on 21 January 2025.Powered by Capital Market - Live

Birla Estates, a wholly owned subsidiary of Aditya Birla Real Estate(formerly Century Textiles and Industries) today announced that, It has acquired a land parcel covering 70.92 acres in Boisar for Rs 104.3 crore. Powered by Capital Market - Live

Mr. Sohanlal K. Jain has ceased to be Independent Director of Aditya Birla Real Estate on completion of his second term of five years.Powered by Capital Market - Live

Net profit of Aditya Birla Real Estate reported to Rs 2.58 crore in the quarter ended September 2024 as against net loss of Rs 30.44 crore during the previous quarter ended September 2023. Sales rose 31.53% to Rs 1120.50 crore in the quarter ended September 2024 as against Rs 851.91 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1120.50851.91 32 OPM %7.855.77 - PBDT81.5649.57 65 PBT26.46-1.72 LP NP2.58-30.44 LP Powered by Capital Market - Live