Brigade Enterprises Sees Significant Growth with 267% YoY Net Profit Increase
Brigade Enterprises' Q1 FY25 results show a remarkable 267% year-on-year increase in net profit, with real estate revenue standing at ₹707 crore and leasing revenue reaching ₹259 crore.
Brigade EnterprisesReal EstateQ1 Fy25 ResultsNet ProfitRevenueReal EstateAug 05, 2024
The company's revenue from operations surged 64.8% to ₹1,077.7 crore, compared to ₹654 crore in the corresponding period of the previous fiscal. The real estate segment continued to be the primary driver of growth, with revenue standing at ₹707 crore. Leasing revenue also witnessed a substantial increase, reaching ₹259 crore, while hospitality revenue amounted to ₹118 crore.
At the operating level, EBITDA jumped 67.3% to ₹292.5 crore in Q1 FY25, compared to ₹174.8 crore in the corresponding period of the previous fiscal. The EBITDA margin stood at 27.2%, slightly higher than the 26.7% recorded in the previous fiscal.
Pre-sales bookings in the real estate segment for Q1 FY25 stood at 1.15 million square feet, with a sale value of ₹1,086 crore. The average realization stood at ₹9,483 per square feet.
According to Pavitra Shankar, Managing Director, Brigade Enterprises Ltd,
Frequently Asked Questions
What is the net profit of Brigade Enterprises Ltd for Q1 FY25?
₹80.5 crore, a 267.12% year-on-year increase
What is the revenue from operations of Brigade Enterprises Ltd for Q1 FY25?
₹1,077.7 crore, a 64.8% increase from the previous fiscal
What is the EBITDA margin of Brigade Enterprises Ltd for Q1 FY25?
27.2%, slightly higher than the 26.7% recorded in the previous fiscal
What is the pre-sales booking value of Brigade Enterprises Ltd for Q1 FY25?
₹1,086 crore, with an average realization of ₹9,483 per square feet
How did the shares of Brigade Enterprises Ltd perform after the Q1 results?
Ended at ₹1,124.40, down by ₹73.40, or 6.13% on the BSE
Related News Articles
Rohan Builders Achieves Unparalleled Excellence with 14 Consecutive Years of CRISIL DA2+ Grading
Rohan Builders continues to maintain its prestigious DA2+ Developer Grading from CRISIL, demonstrating its commitment to excellence in financial and operational parameters.
Sebi Chief Remains Tight-Lipped on Real Estate Investment Trusts
REITs comprise a portfolio of commercial real estate assets, most of which are already leased out.
PGA of America Launches State-of-the-Art Golf Courses in Mumbai, Navi Mumbai, and Hyderabad
AIVOT Golf & Sports Management collaborates with Shapoorji Pallonji Real Estate, Stonecraft Group, and Tvastar Golf to introduce PGA of America-branded golf courses in Mumbai, Navi Mumbai, and Hyderabad, setting a new standard for golf excellence in India
Raymond Expands Real Estate Footprint with Mahim Project Deal
Raymond, in a strategic move, has signed a Joint Development Agreement for a prestigious residential project in the prime location of Mahim West, Mumbai.
Amrita Singh, Zaheer Khan Among Celebrities Investing in Mumbai's Luxury Real Estate
Amrita Singh and Zaheer Khan are among the latest celebrities making significant investments in Mumbai's luxury real estate market. Discover the trends and insights of these high-profile investments.
SP Group Raises $3.3 Billion from Five Funds to Boost Real Estate and Construction Projects
SP Group secures a significant $3.3 billion investment from five prominent funds, aimed at refinancing and expanding its real estate and construction projects. This strategic move will help the company solidify its position in the market and drive sustain