Brigade Enterprises Limited has informed the Exchange about Transcript
BRIGADE · price
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Brigade Enterprises reported strong Q1 FY26 with consolidated revenue of Rs. 1,333 crores, up 20% YoY, and consolidated PAT of Rs. 158 crores, up 95% YoY. Real estate pre-sales stood at Rs. 1,118 crores (3% YoY) on a volume of 0.95 million sq ft, with average realizations rising 24% to Rs. 11,782 per sq ft. Collections grew 8% to Rs. 1,728 crores and the company maintained zero residential debt for two years. Leasing revenue grew 15% to Rs. 300 crores at 92% occupancy, while hospitality revenue grew 19% to Rs. 141 crores post the Brigade Hotel Ventures IPO. The company added 10 million sq ft of land bank with a potential GDV of Rs. 11,200 crores and plans to launch 13 million sq ft of projects over the next four quarters. Management guided for 15-20% pre-sales growth in FY26, doubling hotel count from 9 to 18 in 4-5 years, and new project EBITDA margins above 30%.
Strong all-round performance with sharp PAT growth of 95% YoY, an ICRA rating upgrade to AA (Stable), and continued cost of debt reduction to 8.25% should be positive for shareholder sentiment. The robust launch pipeline, growing hospitality business, and disciplined balance sheet with net debt-equity of 0.34:1 support the stock's growth outlook.