Brigade Enterprises Limited has informed the Exchange about Investor Presentation
BRIGADE · price
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Awaiting price reaction for this filing.
Brigade Enterprises filed its Q1 FY26 investor presentation with the exchanges. Key highlights include presales of INR 1,118 Cr (up 3% YoY) with average realization rising 24% to INR 11,782/sft, collections of INR 1,728 Cr (up 8% YoY), and zero residential debt for the last two years. Leasing revenue grew 15% YoY to INR 300 Cr, and hospitality revenue rose 19% to INR 141 Cr with EBITDA up 34% to INR 48 Cr, aided by the successful listing of Brigade Hotel Ventures (oversubscribed 3.13 times). Consolidated revenue stood at INR 1,333 Cr with EBITDA margin at 28%, but PAT declined 37% YoY to INR 158 Cr due to higher depreciation and tax charges. The company has a pipeline of ~13 mn sft to launch over the next 4 quarters across Bengaluru, Chennai, Hyderabad and Mysuru, with a land bank of 587 acres and market cap of ~USD 3.11 Bn.
The strong presales growth, zero residential debt, and ICRA upgrade to AA (Stable) are positives for shareholders. However, the 37% YoY decline in consolidated PAT and the relatively modest 3% presales growth may temper sentiment. The upcoming project pipeline and recent hotel subsidiary listing signal continued expansion focus.