In Wednesday’s trading session, the shares of one of the leading realty stock having presence in real estate, and pulp & paper jumped upto 3 percent following the acquisition of 70.92 acre land parcel in Boisar, Maharashtra for Rs. 104.3 Crores.
Price action
With a market capitalization of 30,367 Crores on Wednesday, the shares of Aditya Birla Real Estate Ltd jumped upto 3 percent after making a high of Rs 2797.60 compared to its previous closing price of Rs 2713.10.
What happened
Aditya Birla Real Estate Ltd’s wholly owned subsidiary Birla Estates Private Ltd who are specialised in the development of residential, commercial, and mixed-use properties has acquired a 70.92 acre land parcel for Rs. 104.3 Crores in Boisar, Maharashtra.
Market sources suggest that the company is expected to launch a township project as several infrastructure developments are planned in the region, creating a growing demand for apartments
About the company
Aditya Birla Real Estate Ltd one of the leading realty stock having presence in real estate and pulp & paper who are specialised in the development of diverse projects, including premium residential, commercial, retail and mixed-use developments.
In every project they focus on creating transformative and world-class properties, by leveraging cutting-edge technology, modern architectural designs, and sustainable building practices.
The company is known for its emphasis on customer satisfaction, timely delivery, and integration of advanced technology in construction.
Key operational highlights (Q2 FY25)
The businesses performed well with consolidated turnover rising 32 percent YoY and EBITDA increasing 50 percent YoY, respectively real estate performed well with Booking Value (Sales) increasing 99 percent YoY and Collections increasing 157 percent YoY.
The company Strategically expanded the Real Estate portfolio by adding two projects in MMR and Gurugram with Gross Development Potential of about Rs. 15,400 Cr.
Financials
The company’s revenue rose by 2 percent from Rs 1,114.88 crore to Rs 1,138.08 crore in Q2FY24-25. Meanwhile, Net profit rose from a loss of Rs 30.44 crores to profit of Rs 2.58 crore during the same period.
Key Financial ratios
Aditya Birla Real Estate Ltd has an Return on Equity (RoE) of 6.91 percent and a Return on Capital Employed (RoCE) of 5.29 percent. Furthermore, the company’s debt-to-equity ratio is 1.17.
Written by Sridhar J
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