Brigade Enterprises Limited has informed the Exchange about Transcript
BRIGADE · price
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Brigade Enterprises reported FY26 consolidated revenue of INR5,909 crores (+11% YoY) with EBITDA of INR1,638 crores (28% margin) and PAT of INR725 crores (+7% YoY). Q4 pre-sales stood at INR2,521 crores (Q-on-Q growth of 44%) driven by 4 million sq ft of new launches including Brigade Lumina (near sold out), Brigade Belvedere, Brigade Stellaris, and projects in Hyderabad. FY27 pre-sales guidance is INR9,000 crores (20% growth), supported by 11.6 million sq ft of planned launches with GDV of INR11,900 crores across Bengaluru, Chennai, and Hyderabad. The company has 57 million sq ft of land bank (75% residential) and a commercial pipeline of 10 million sq ft over FY27-28 requiring INR6,000 crores capex over 4 years. Net debt stands at INR2,278 crores with 88% of debt backed by lease rentals; average cost of debt reduced by 110 bps to 7.57%. Leasing segment generated INR1,303 crores revenue (EBITDA up 18%) with GCCs accounting for 58% of portfolio. Amazon vacated ~630,000 sq ft at WTC Bengaluru; management expects 10-15% rental rate uplift on re-leasing.
Management flagged that reported residential and annuity margins are currently depressed due to older project mix and accounting adjustments, but expects FY27 margins to improve as newer launches with higher operational margins (30%+) flow into recognition. The strong launch pipeline and 20% pre-sales growth target signal confidence in demand, though some launches may shift to H2 FY27 pending approvals.