Brigade Enterprises Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
BRIGADE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.5 pts less than Nifty Smallcap 250 and 5.7 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Brigade Enterprises reported consolidated revenue of Rs 5,69,722 lakhs for FY2026, up 12.3% from Rs 5,07,421 lakhs in FY2025. Consolidated profit after tax grew 6.5% to Rs 72,476 lakhs from Rs 68,047 lakhs. The Board recommended a final dividend of Rs 2 per share (20% on Rs 10 face value) and approved a bonus share issue in the ratio of 1:3 (one bonus share for every three held), both subject to shareholder approval. The authorised share capital will increase from Rs 250 crore to Rs 400 crore to accommodate the bonus issue. Auditors issued an unmodified (unqualified) opinion. Operating cash flow turned negative at Rs 13,706 lakhs in FY2026 versus a positive Rs 99,531 lakhs in FY2025, primarily due to a large increase in real estate inventory (Rs 2,54,480 lakhs). Two emphasis of matter notes were raised: ongoing legal proceedings on refundable deposits (Rs 860 lakhs) and an Income Tax survey conducted in December 2025. A property tax demand of Rs 9,222 lakhs (subsidiary) exists but is being contested.
Revenue growth of 12.3% is decent but below expectations given sector tailwinds; PAT growth of 6.5% is modest. The negative operating cash flow is a key concern, indicating pressure on liquidity despite profitability. The bonus issue signals management confidence but will dilute per-share metrics. Auditors' unmodified opinion with emphasis of matter notes suggests no going-concern risk but highlights contingent legal and tax uncertainties.