Bharat Redro Group's pre-tax profit rises, launches $517 million share buyback plan
Special topic: Focus on the second quarter financial report of US stocks in 2026 There were 17,667 housing transactions this fiscal year, compared with 16,826 units in the same period last year. The company previously gave a guidance range for housing sales in fiscal 2026 of 17,200-17,800 units. London-listed real estate company Barat Redro (ticker: BTRW, up 4.03%) announced that profit before tax for this fiscal year increased year-on-year, benefiting from increased home sales, and also announced a share buyback plan of approximately 386 million pounds (equivalent to $516.9 million). The residential developer disclosed on Wednesday that it had sold 17,667 homes in the full financial year to June 28, with an average price of £352,000. It had sold 16,826 homes at an average price of £344,200 in the previous financial year. Barrattero said adjusted pre-tax profit for the 2026 financial year would be in line with consensus expectations of 559.5 million pounds, compared with 488.3 million pounds a year earlier. The company had previously given full-year sales guidance of 17,200 to 17,800 units, and actual transactions fell within the guidance range. Single-store weekly private residential net subscriptions increased from 0.63 units to 0.64 units. The total value of goods for sale (including joint venture projects) at the end of the year was 2.81 billion pounds, corresponding to approximately 9,728 units; on June 29, 2025, the data was 2.92 billion pounds, 9,835 units. For the next fiscal year, the company expects a home sales range of 17,700–18,200 units. At the end of the fiscal year, the company held approximately 772 million pounds in cash, saying that the company has sufficient capital reserves and is well-positioned to cope with the operating environment in the next fiscal year. The company said: "The macro environment will continue to affect operating performance in fiscal year 2027, but past performance has proven that our business has strong resilience and can quickly and flexibly adjust our business strategies."