BRIGADENSEBrigade Enterprises Limited· ConstructionMediumNeutral
Announced Mon, 19 May · 15:03 IST

Brigade Enterprises Limited has informed the Exchange about Transcript

Mgmt Guided Margin ImprovementOrder Pipeline DisclosedCfo Debt Reduction RoadmapInvestor Communications View source PDF

BRIGADE · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Brigade Enterprises reported its best-ever year with FY25 presales value of INR7,847 crores (up 31% YoY) and collections of INR7,250 crores (up 23% YoY). Consolidated revenue stood at INR5,314 crores with EBITDA of INR1,654 crores (31% margin, up 21% YoY) and PAT after minority interest of INR686 crores (up 52% YoY). The company acquired two prime land parcels: 11 acres opposite ITPL Whitefield for INR486 crores (GDV ~INR2,000 crores) and 5.41 acres in Velachery, Chennai for INR441 crores. Brigade has zero residential debt, with net debt reduced to INR962 crores and net debt-equity ratio improving to 0.14 from 0.62. CRISIL upgraded its outlook to AA- positive. Management guided for 15-20% YoY presales growth and 30%+ EBITDA margins going forward, with a robust FY26 pipeline of 16 million sq ft across residential, commercial, and hospitality segments.

Likely market impact

Strong operational and financial performance with significant deleveraging, record presales, and a clear growth pipeline. The CRISIL rating upgrade, zero residential debt, and expansion in Chennai/Hyderabad are positive signals for shareholders. Brigade Hotel Ventures' DRHP filing with SEBI approval could unlock additional value through a potential IPO.