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The revenue in Q3FY25 declined by 16.7 per cent year on year (Y-o-Y) to Rs 946.21 crore. It was Rs 1,095.9 crore in Q3FY24.
Its total expenses during the quarter stood at Rs 1,009.31 crore, up 8.10 per cent Y-o-Y.
The expenses were mainly driven by the cost of materials consumed and the cost of land, construction, and other related real estate development costs.
Aditya Birla Real Estate (ABRE) forayed into real estate with Birla Estates in 2016. During the first nine months of FY25 (9M FY25), the company’s real estate arm posted sales of Rs 777.71 crore, up 374.60 per cent Y-o-Y.
In December 2024, Birla Estates acquired a land parcel of 70.92 acres in Boisar, a suburb in the Mumbaimetropolitan region (MMR), for Rs 104.3 crore.
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