Brigade Enterprises Reports 31% Surge in Property Sales to Rs 7,847 Crore

Brigade Enterprises, a prominent real estate developer in South India, has announced a significant 31% increase in property sales, reaching Rs 7,847 crore in the last fiscal year. The company's impressive performance is driven by strong demand for residential properties and the successful launch of premium projects. The company's net profit for the year also saw a substantial rise, increasing to Rs 680.47 crore. This growth reflects the company's strategic focus on high-quality residential developments and its ability to meet the growing demand in the real estate market. In its latest investors' presentation, Brigade Enterprises detailed its achievements, highlighting pre-sales of Rs 7,847 crore in FY25, a 31% increase over the previous fiscal year. The company's sales bookings or pre-sales stood at Rs 6,013 crore in the 2023-24 financial year. Out of the total pre-sales in 2024-25, Brigade Enterprises sold residential properties worth Rs 7,567 crore and commercial properties valued at Rs 280 crore. The pre-sales volume for 2024-25 stood at 7.05 million square feet, with an average realization of Rs 11,138 per square foot, a 40% increase over FY24. The company launched the highest-ever area of 9.5 million square feet, comprising 11 projects, in the last fiscal year. This strategic expansion has positioned Brigade Enterprises as a leader in the South Indian real estate market. On Wednesday, Brigade Enterprises reported an 18% increase in consolidated net profit to Rs 249.35 crore for the March quarter, compared to Rs 210.86 crore in the year-ago period. However, total income fell to Rs 1,532.29 crore in the March quarter of the previous fiscal year from Rs 1,762.62 crore in the year-ago period. During the 2024-25 fiscal year, the company's net profit rose to Rs 680.47 crore from Rs 401.04 crore in the preceding year. Total income increased to Rs 5,313.54 crore in the last fiscal year from Rs 5,064.15 crore in the 2023-24 financial year. Brigade Enterprises is one of the leading real estate developers in the country, with a significant presence in South India. The company develops residential, office, shopping mall, and hotel projects. In a further move to expand its business, Brigade Enterprises plans to list its hospitality venture on stock exchanges and has already filed a Draft Red Herring Prospectus (DRHP) with the market regulator, SEBI, to launch an Initial Public Offering (IPO). This strategic step is expected to provide the company with additional capital to fuel its growth and expansion plans.