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
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