BRIGADE ENTER. LTD

Develops and sells residential and commercial real estate in South India, primarily Bengaluru, Chennai, Hyderabad and Mysuru, with a FY26 real estate segment revenue of INR 2,120.84 cr (80.8% of period segment revenue). The leasing business, which rents office space to commercial tenants, earned INR 503.34 cr in FY26, with GCCs accounting for 58% of the leased portfolio and portfolio occupancy at 88.25%. FY26 residential pre-sales were INR 7,424 cr, with Q4 FY26 pre-sales of INR 2,521 cr on 4 mn sq ft of new launches. Operates a hospitality business through the separately listed Brigade Hotel Ventures, where FY26 occupancy was 78%. Has an FY27 launch pipeline of 11.6 mn sq ft at INR 11,900 cr GDV and has earmarked INR 6,000 cr of capex over four years for a 10 mn sq ft commercial pipeline, partly via a 50:50 JV with Bain for a 10.8-acre Whitefield mixed-use project (2 mn sq ft office plus a 250-key hotel). At FY26 end, net debt was INR 2,278 cr with debt-to-equity of 0.27, average cost of debt at 7.57%, and 88% of debt backed by lease rentals.