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Aditya Birla Real Estate Ltd (ABREL) reported a consolidated net loss of INR 27.08 crore in Q1 FY2025-26, reversing its INR 17.35 crore profit from the same period last year. The company's total income also fell to INR 157.41 crore from INR 365.24 crore year-on-year. Losses from continued operations stood at INR 47.30 crore, partially offset by a INR 20.22 crore profit from discontinued operations. Formerly Century Textiles & Industries Ltd, ABREL recently exited its pulp and paper business to concentrate solely on real estate. The results reflect the company's transitional phase as it streamlines operations and repositions itself within India's property development market.
Aditya Birla Real Estate Ltd (ABREL) today reported a consolidated net loss for the first quarter of the current fiscal year. The company recorded a net loss of INR 27.08 crore for the April-June period of FY26. Advertisement
This marks a notable change from the corresponding period a year ago, when ABREL had posted a net profit of INR 17.35 crore. The company's total income also saw a decline, dropping to INR 157.41 crore during the recent quarter from INR 365.24 crore in the same period of the preceding year, according to a regulatory filing.
During the first quarter of the 2025-26 fiscal year, ABREL specifically reported a net loss of INR 47.30 crore from its continued operations. However, it clocked a profit of INR 20.22 crore from its discontinued operations.
Aditya Birla Real Estate, formerly known as Century Textiles & Industries Ltd, has recently undergone a strategic shift, having sold its pulp and paper business to focus exclusively on its real estate ventures. This financial reporting provides insight into the company's performance as it streamlines its operations and focuses on the real estate sector.
Source- PTI
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