Aditya Birla Real Estate arm buys 70.9 acres in Maharashtra’s Boisar for ₹104 crore – CNBC TV18
Realty firm Aditya Birla Real Estate Ltd on Tuesday (December 17) said its wholly-owned subsidiary Birla Estates Private Ltd has acquired a 70.92-acre land parcel in Boisar, Maharashtra, for ₹104.3 crore.
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“Birla Estates Private Limited, a wholly owned subsidiary of Aditya Birla Real Estate Limited (formerly Century Textiles and Industries Limited) today announced that It has acquired a land parcel covering 70.92 acres in Boisar for INR 104.3 Crore,” Aditya Birla Real Estate said in a regulatory filing.
Aditya Birla Real Estate posted a consolidated net profit of ₹2.82 crore in the second quarter of FY 2025 compared to a hefty net loss of ₹32.67 crore in the same period last year. However, on a quarter-on-quarter (QoQ) basis, net profit tanked 83.7% from ₹17.35 crore in the quarter ended June 30, 2024.
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Its consolidated revenue witnessed a double-digit growth of 31% on a year-on-year (YoY) basis to ₹1,128 crore compared to ₹864 crore in the same period last year. The company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) of ₹88 crore in Q2 FY25 was a 60% jump from ₹55 crore in the corresponding quarter of the previous year.
Aditya Birla Real Estate’s margin also expanded to 7.8% in the quarter ended on September 30, 2024, versus 6.4% witnessed in Q2 FY24. The company’s revenue from the real estate business saw a quantum leap to ₹253.56 crore in the quarter under review from ₹40.6 crore in the year-ago period.
Shares of Aditya Birla Real Estate Ltd ended at ₹2,718.75, down by ₹41.45, or 1.50%, on the BSE.
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(Edited by : Shoma Bhattacharjee)
