Brigade Enterprises Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Brigade Enterprises reported its Q1 FY26 (quarter ended June 30, 2025) consolidated results. Revenue from operations grew nearly 19% year-on-year to ₹1,28,114 lakhs (from ₹1,07,772 lakhs), while net profit nearly doubled to ₹15,795 lakhs (from ₹8,053 lakhs). Basic EPS rose to ₹6.13 versus ₹3.62 a year ago. The real estate segment led with revenue of ₹85,268 lakhs, up about 21% year-on-year, while hospitality and leasing segments also posted healthy growth. On a standalone basis, revenue declined to ₹43,601 lakhs and profit after tax fell to ₹5,500 lakhs. The auditor issued an unmodified limited review opinion, with an emphasis of matter on a property tax demand of ₹9,222 lakhs on subsidiary Brigade Hotel Ventures (BHVL), of which ₹4,603 lakhs has been paid under protest. Notably, BHVL completed an IPO of ₹75,960 lakhs in fresh issue and was listed on NSE and BSE on July 31, 2025.
The strong consolidated profit growth and successful subsidiary IPO are positives for shareholders, signalling healthy real estate momentum and unlocking value through BHVL's listing. However, the property tax litigation and weaker standalone performance are points to watch. The auditor change from S.R. Batliboi to Walker Chandiok may draw some attention from investors.