Aditya Birla Real Estate Slips Into Wider Loss In March Quarter On Weak Revenue

Aditya Birla Real Estate Ltd.'s net loss widened sharply to ₹812.4 million in the March quarter from ₹28.9 million a year ago, hurt by a steep fall in revenue and a one-time loss. Revenue dropped 55% on year to ₹1.04 billion, although it rose 31.7% sequentially. The company had reported a net profit of ₹129.2 million in the December quarter.

The real estate arm posted a one-time loss of ₹1.57 billion during the quarter. Total expenditure rose to ₹926.2 million from ₹867.8 million a year ago, with finance cost more than doubling to ₹403.6 million. Other income climbed to ₹588.6 million from ₹234.5 million in the year-ago period. The company recorded a tax write-back of ₹91.8 million in January-March, against a tax outgo of ₹1.11 billion a year ago.

For 2024-25, the company posted a net loss of ₹237.5 million compared with a net profit of ₹1.51 billion a year earlier. Full-year revenue fell 30.7% on year to ₹3.23 billion.

The board has declared a final dividend of ₹2 per share and approved the reappointment of R.K. Dalmia as managing director for two years starting August 12, subject to shareholder approval.