MUMBAI: Aditya Birla Real Estate is putting its old industrial identity behind it, with the company’s latest quarterly results showing a business increasingly built around bricks, mortar and property development.
The company, formerly known as Century Textiles and Industries, reported consolidated total income from continuing operations of Rs 205.72 crore for the quarter ended June 30, 2026. Sales revenue stood at Rs 188.05 crore, up from Rs 144.21 crore in Q1 FY26.
However, the cost of building out its real estate business continued to weigh on the bottom line. High development costs, employee expenses and other expenditure pushed the group to a loss before tax of Rs 83 crore from continuing operations.
After including a profit of Rs 32.37 crore from discontinued operations, consolidated net loss stood at Rs 34.59 crore for Q1 FY27, compared with a loss of Rs 27.08 crore in the corresponding quarter last year.
The standalone picture was more upbeat. Total income from continuing operations came in at Rs 127.52 crore, including sales of Rs 62.84 crore. Profit before tax from continuing operations stood at Rs 41.72 crore, while net profit was Rs 31.11 crore.
Adding Rs 32.37 crore from discontinued operations took standalone net profit to Rs 63.48 crore, up from Rs 47.71 crore in Q1 FY26.
The quarter also marks an important step in the company’s retreat from its legacy businesses.
The sale of the Century Pulp and Paper division to ITC has now been completed. The business transfer agreement was signed on March 31, 2025, and all conditions precedent were subsequently met, with the transaction formally closing on August 1, 2026.
The accounting impact of the transfer will be reflected in the company’s second-quarter financial statements.
Until the completion of the transaction, the pulp and paper division remained a sizeable contributor. During Q1 FY27, it generated sales of Rs 768.08 crore and profit before tax of Rs 42.68 crore.
The company has also revised its segment classification following the discontinuation of its textile operations and the divestment of its paper and pulp business.
The winding down of the textile business has also affected Birla Advanced Knits Private Limited, the group’s joint venture.
The company said the joint venture became unviable after losing access to shared utilities, manpower and Siro yarn spinning integrations following the discontinuation of the textile operations.
As a result, an exceptional impairment provision of Rs 2.50 crore was recognised during the quarter, in line with the provision made in Q4 FY26.
With the legacy businesses being pared back, real estate is increasingly becoming the centre of gravity for the group.
Consolidated total assets stood at Rs 20,820.24 crore, with real estate assets accounting for Rs 14,138.40 crore.
The group’s total liabilities stood at Rs 17,102.50 crore, while net worth was Rs 3,717.74 crore. Its consolidated debt-to-equity ratio stood at 1.57, compared with 0.88 on a standalone basis. The consolidated current ratio was 1.24.
Paid-up equity share capital remained unchanged at Rs 111.69 crore, with a face value of Rs 10 per share.
During the quarter, 206,039 employee stock options were exercised, while 80,749 treasury shares were sold in the open market.
The group reported basic and diluted earnings per share of negative Rs 3.48 for continuing and discontinued operations on a consolidated basis.
For Aditya Birla Real Estate, the numbers capture a company in the middle of a sizeable makeover. The paper business is heading out, textiles are being wound down and property assets now dominate the balance sheet. The transition may be weighing on near-term earnings, but the direction of travel is unmistakable: Aditya Birla Real Estate is laying its future foundations firmly in real estate.