Brigade Enterprises Ltd. Results

Q2FY25 Quarterly Result Announced for Brigade Enterprises Ltd.

Realty company Brigade Enterprises announced Q2FY25 results Total income stood at Rs 1,138 crore. EBITDA was Rs 358 crore. PAT stood at Rs 115 crore. Total collections for the Q2 FY25 stood at Rs 1,936 crore. Pavitra Shankar, MD, Brigade Enterprises, said: "We attribute this growth to our commitment to delivering high quality residential spaces, coupled with a strong financial position and the robust demand for quality residential spaces. In the real estate space, we have upcoming projects of approximately 13 million sqft over the next four quarters including eight in Bengaluru, four in Chennai, one in Hyderabad and two in Mysuru. We continue to have zero residential debt, primarily due to robust sales and collections. With a healthy pipeline, increasing demand and steady interest rates, we are confident to carry forward momentum in future quarters.”

Q1FY25 Quarterly Result Announced for Brigade Enterprises Ltd.

Realty company Brigade Enterprises announced Q1FY25 results: Financial Highlights: Real estate revenue stood at Rs 707 crore during Q1FY25 Leasing revenue stood at Rs 259 crore during Q1FY25 Hospitality revenue stood at Rs 118 crore during Q1FY25 Consolidated revenue including other income stood at Rs 1,113 crore during Q1FY25 EBITDA stood at Rs 328 crore in Q1FY25. PAT in Q1FY25 stood at Rs 81 crore Pavitra Shankar, Managing Director, Brigade Enterprises, said: "Real estate segment continued to be the primary driver of our growth, while other segments made healthy contributions. We believe that our diverse portfolio will help us capitalize on emerging opportunities. We will be holding the 17th edition of our annual event Brigade Showcase from the 9th to 11th August 2024. With the focus largely on sustainability, visitors can expect to learn about our eco-friendly practices, energy-efficient designs, and commitment to creating sustainable living spaces. It is an opportunity for prospective homebuyers to explore over 20 exceptional Brigade projects, including integrated townships, apartments, villas, and plots, ranging from Rs. 49 lakhs to Rs. 21 crore in the cities of Bengaluru, Chennai and Hyderabad.”

Q4FY24 Quarterly & FY24 Annual Result Announced for Brigade Enterprises Ltd.

Realty company Brigade Enterprises announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue for Q4FY24 stood at Rs 1,763 crore; an increase of 102% over Q4FY23. Real estate revenue grew to Rs 1,390 crore in Q4FY24; an increase of 143% over Q4FY23. Leasing revenue grew to Rs 247 crore in Q4FY24; an increase of 32% over Q4FY23. Hospitality witnessed a growth of 13% from Rs 112 crore in Q4FY23 to Rs 126 crore in Q4FY24. EBITDA stood at Rs 493 crore in Q4FY24 as against Rs 231 crore in Q4FY23, an increase of 113%. PAT during Q4FY24 stood at Rs 211 crore as compared to Rs 63 crore in Q4FY23, an increase of 234%. Collections for Q4FY24 stood at Rs 1,838 crore as compared to Rs 1,463 crore in Q4FY23. FY24 Financial Highlights: Revenue for FY24 stood at Rs 5,064 crore; an increase of 42% over FY23. EBITDA for FY24 stood at Rs 1,362 crore; an increase of 39% over FY23. PBT for FY24 stood at Rs 569 crore; an increase of 105% over FY23. The Board of Directors has recommended a final dividend of Rs 2/- per equity share (20%) of Rs 10/- each for the Financial Year 2023-24. Commenting on the Group’s performance, Pavitra Shankar, Managing Director, Brigade Group, said, “All verticals of the company contributed significantly to our growth in FY24 on the back of robust demand. With a strong pipeline of 22 million sft of ongoing projects and around 16 million sft of upcoming projects, we are confident of sustained performance in the coming quarters as well. We continue to focus on Bengaluru, Chennai and Hyderabad for suitable land parcels that are at par with our quality standards and our consumer-first focus.”

Q3FY24 Quarterly Result Announced for Brigade Enterprises Ltd.

Realty company Brigade Enterprises announced Q3FY24 results: Consolidated Q3FY24: Revenue in Q3FY24 stood at Rs 1,208 crore as against Rs 859 crore in Q3FY23; Increase of 41% EBITDA stood at Rs 296 crore in Q3FY24 as against Rs 246 crore in Q3FY23; Increase of 20% PAT in Q3FY24 stood at Rs 56 crore as against Rs 43 crore in Q3FY23; Increase of 31% Real Estate Highlights: Achieved its strongest performance ever for Q3 of a Financial year with sales of 1.7 million sqft with a sale value of Rs 1,524 crore with absorption in Bengaluru and Chennai. During the quarter, revenue stood at Rs 839 crore which has grown by 50% compared to Q3FY23 and EBITDA stood at Rs 73 crore for the quarter. Leasing Highlights: In Q3FY24, the Group leased 0.49 million sqft (Including hard option), achieving 95% occupancy in the overall portfolio. During the quarter, revenue stood at Rs 247 crore which has grown by 24% compared to Q3FY23 EBITDA stood at Rs 179 crore. Hospitality Highlights: In Q3FY24, Hospitality revenues have surged by an impressive 22% to Rs 123 crore, ARR has shown a 7% increase, and occupancy has experienced a 5% rise compared to Q3FY23. EBITDA Stood at Rs 45 crore. "We have witnessed healthy growth across our business verticals. The momentum in the Residential business continues to exhibit healthy growth both in terms of pricing as well as volume and continues to look positive with a strong pipeline of launches for Q4FY24. Our Office segment recorded the best leasing quarter post-COVID and we are hopeful to finish the financial year stronger. Furthermore, our Retail business has seen good leasing traction and Hospitality has seen improvements across the board." said Pavitra Shankar, Managing Director, Brigade Enterprises.