Brigade Enterprises Ltd's consolidated net profit rose for the second quarter of fiscal 2024, meeting analysts' estimates.
Other Highlights
New bookings in the real estate segment in Q2 FY24 was at 1.67 million square feet, valued at Rs 1,249 crore.
Collections for Q2 stood at Rs 1,439 crore as compared with Rs 1,244 crore in Q1, an increase of 15%.
"All business verticals contributed significantly to the growth of the company in Q2 of FY24. With a robust pipeline of launches in Bengaluru, Chennai and Hyderabad, we are confident that we will sustain the momentum, going forward," said Pavitra Shankar, managing director, Brigade Enterprises.
Shares of Brigade Enterprises closed over 4% higher at Rs 696 apiece on the BSE ahead of the earnings announcement, as compared with a 0.05% rise in the benchmark Sensex on Wednesday.
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