Aditya Birla Real Estate Ltd reported a consolidated net profit of Rs 2.82 crore for the second quarter of the 2024-25 fiscal year, a significant turnaround from a net loss of Rs 32.87 crore in the same quarter last year. This improvement is attributed to increased income, showcasing the company’s recovery in the real estate market.
The company’s total income surged to Rs 1,138.08 crore during the July-September period, up from Rs 873.70 crore in the corresponding period of the previous year. This represents a robust year-on-year revenue growth of 31%, indicating strong performance amid rising demand in the real estate sector.
EBITDA also saw substantial growth, climbing 60% to reach Rs 88 crore, compared to Rs 55 crore in the previous year. The EBITDA margin improved to 7.8%, up from 6.4%, demonstrating enhanced cost management and operational efficiency.
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Aditya Birla Real Estate, previously known as Century Textiles and Industries Ltd, remains a key player in the Indian real estate market, focusing on both residential and commercial developments. The company is well-positioned to capitalize on ongoing growth opportunities in the sector.
Additionally, the board approved the appointment of Sukanya Kripalu as an Independent Director for a five-year term starting October 30, 2024.