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ABREL Q3 FY26: Booking Value Surges 276% YoY to ₹25,361 Mn on Strong Gurugram Launch
Aditya Birla Real Estate (formerly Century Textiles) reported a massive 276% YoY jump in booking value to ₹25,361 Mn for Q3 FY26, primarily driven by the successful launch of Birla Pravaah in Gurugram which sold out 100% of its inventory. Collections also saw robust growth of 157% YoY, reaching ₹12,899 Mn, while area sold increased by 325% YoY to 1.7 Mn sq. ft. Although net total income decreased by 32% YoY to ₹376 Mn due to the 'completed contract' accounting method, the operational metrics indicate strong underlying demand and execution. The company maintains a significant project pipeline with a total estimated revenue potential (GDV) of approximately ₹700 Billion.
Key Highlights
Booking value grew 276% YoY to ₹25,361 Mn in Q3 FY26, with 9M FY26 totals reaching ₹38,481 Mn.
Birla Pravaah project in Gurugram achieved 100% sell-out of launched inventory, contributing ₹18,549 Mn in bookings.
Collections increased by 157% YoY to ₹12,899 Mn, reflecting strong execution and high collection efficiency of 98%.
Total project portfolio revenue potential (GDV) stands at ~₹700 Billion across MMR, Bengaluru, NCR, and Pune.
Area sold surged 325% YoY to 1.7 Mn sq. ft. in Q3 FY26 compared to 0.4 Mn sq. ft. in the previous year.
💼 Action for Investors
Investors should prioritize pre-sales and collection momentum over reported P&L revenue, as the latter is deferred until project completion. The successful Gurugram launch and massive GDV pipeline suggest a strong growth trajectory for the real estate business.
Aditya Birla Real Estate Appoints Keyur Shah as CFO Effective March 1, 2026
Aditya Birla Real Estate Limited (ABREL) has announced a planned leadership transition in its finance department. Mr. Snehal Shah will retire as Chief Financial Officer on February 28, 2026, following his superannuation. He will be succeeded by Mr. Keyur Shah, the current CFO of the company's wholly-owned subsidiary, Birla Estates Private Limited, effective March 1, 2026. The incoming CFO brings over 30 years of experience, including significant leadership roles at HDFC Property Ventures, which aligns with the company's strategic focus on real estate.
Key Highlights
Mr. Snehal Shah to retire as CFO and Key Managerial Personnel on February 28, 2026
Mr. Keyur Shah appointed as the new CFO and KMP effective March 1, 2026
Incoming CFO Keyur Shah has over 30 years of experience and was previously MD & CEO of HDFC Property Ventures
Transition involves an internal promotion from the company's core real estate subsidiary, Birla Estates
💼 Action for Investors
This is a planned succession and should be viewed as a routine management update. Investors should monitor if the new CFO introduces any changes to the company's capital allocation or debt management strategies in future quarters.
Aditya Birla Real Estate Appoints Keyur Shah as CFO Effective March 1, 2026
Aditya Birla Real Estate Limited has announced the appointment of Mr. Keyur Shah as Chief Financial Officer and Key Managerial Personnel, effective March 1, 2026. He succeeds Mr. Snehal Shah, who will retire on February 28, 2026, following his superannuation. Mr. Keyur Shah is currently the CFO of the company's wholly-owned subsidiary, Birla Estates Private Limited, and brings over 30 years of experience. His background includes a significant tenure at HDFC, where he served as MD and CEO of HDFC Property Ventures Limited.
Key Highlights
Mr. Keyur Shah to take over as CFO and KMP starting March 1, 2026
Outgoing CFO Mr. Snehal Shah retires effective close of business on February 28, 2026
New appointee has over 30 years of experience in real estate investment and finance
Mr. Keyur Shah previously served as MD and CEO of HDFC Property Ventures Limited
Transition leverages internal talent as the appointee is the current CFO of subsidiary Birla Estates
💼 Action for Investors
This is a planned leadership succession with an experienced professional. Investors should view this as a routine management update and monitor for any changes in financial strategy post-March 2026.
Aditya Birla Real Estate Q3 Net Profit at ‑44.05 Cr; Appoints Keyur Shah as New CFO
Aditya Birla Real Estate (formerly Century Textiles) reported a total net profit of ‑44.05 crore for Q3 FY26, a significant year-on-year increase from ‑12.92 crore, though down sequentially from ‑79.31 crore. Profit from continuing operations was impacted by exceptional items totaling ‑17.34 crore, primarily due to impairments in a joint venture. The company also announced a key leadership transition with Mr. Keyur Shah set to take over as CFO from March 1, 2026. The core real estate segment contributed ‑46.70 crore to the quarterly revenue as the company continues its structural shift.
Key Highlights
Total Net Profit for Q3 FY26 stood at ‑44.05 crore versus ‑12.92 crore in the same period last year.
Revenue from continuing operations reached ‑126.41 crore, with the Real Estate segment contributing ‑46.70 crore.
Exceptional items of ‑17.34 crore (continuing) and ‑29.89 crore (discontinued) weighed on the quarterly performance.
Mr. Keyur Shah appointed as CFO and KMP effective March 1, 2026, following the superannuation of Mr. Snehal Shah.
Discontinued operations, including Pulp and Paper, contributed a net profit of ‑32.05 crore during the quarter.
💼 Action for Investors
Investors should monitor the execution of the real estate pipeline as the company transitions away from its legacy textile and paper businesses. The management change at the CFO level is a key event to watch for future capital allocation strategies.