Brigade Enterprises Limited has informed the Exchange about Transcript
BRIGADE · price
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Brigade Enterprises shared Q2 FY26 results and outlook during its earnings call held on October 30, 2025. Residential presales were INR2,034 crores, up 12% year-on-year, with average realization rising 13% to INR12,236 per sq ft. Consolidated revenue grew 26% to INR1,430 crores and PAT jumped 48% to INR170 crores, while H1 FY26 PAT rose 67% to INR328 crores. The company has zero residential debt for two years, a net debt of INR1,717 crores (mostly commercial, backed by rentals), and debt-to-equity of 0.22. Management disclosed a strong H2 launch pipeline of 7 million sq ft with a Gross Development Value (GDV) of INR8,000–8,300 crores, but warned that FY26 presales guidance of around INR9,000 crores depends heavily on timely approvals and launches. Office portfolio expansion plans were raised to 6 million sq ft of upcoming launches.
Strong quarter-on-quarter execution across all segments is positive for sentiment, but shareholders should note that achieving the FY26 sales target is launch-dependent and residential margins dipped to around 12% this quarter. The robust pipeline, zero residential debt, and healthy cash position remain supportive of growth, though near-term stock movement may hinge on H2 launch execution.