Aditya Birla Real Estate Limited (formerly known as Century Textiles and Industries Limited) reported strong financial performance for Q2 FY25, marking a significant turnaround in its profitability and operating efficiency.
- Revenue: The company posted a 31% YoY growth in revenue, reaching ₹1,128 crore compared to ₹864 crore in the same quarter last year.
- Net Profit: Aditya Birla Real Estate turned profitable with a net profit of ₹2.8 crore, recovering from a net loss of ₹33 crore in the year-ago quarter.
- EBITDA: The company’s EBITDA saw a remarkable 60% growth, increasing to ₹88 crore from ₹55 crore YoY.
- Margins: The EBITDA margin improved to 7.8%, up from 6.4% in the corresponding quarter last year, reflecting better cost management and operational efficiencies.
The company continues to show solid progress in its real estate development, benefiting from robust demand in both the residential and commercial sectors. With this strong quarterly performance, Aditya Birla Real Estate is poised to further capitalize on growth opportunities in the real estate market.