Brigade Q2 revenue and profit rise sharply, but cash flow turns negative
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 0.5 pts more than Nifty Smallcap 250 and 0.5 pts more 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.
Consolidated Q2 revenue rose 29% to Rs 1,383 crore and owners' profit rose 37% to Rs 163 crore. H1 revenue rose 24% and profit rose 54%, but operating cash flow was a Rs 185 crore outflow versus Rs 933 crore inflow. Standalone Q2 profit fell 45%. The unmodified review highlighted land-advance and hotel property-tax disputes. The hotel unit's IPO created a Rs 588 crore equity gain. Prior-period costs were reclassified with no profit impact.
Earnings and the hotel unit IPO gain support sentiment, but weak cash flow, lower standalone profit and disputes could cap upside.