Bengaluru-based Brigade Enterprises Ltd. reported an advance in its net profit for the first quarter of fiscal 2025.
The Bengaluru-based realty firm's net profit increased to Rs 80.5 crore from Rs 21.9 crore year-on-year. That compares with the Rs 96.7-crore consensus estimate of analysts tracked by Bloomberg.
Its revenue from operations increased 64.8% to Rs 1,078 crore from Rs 654 crore during the same quarter last year. Analysts polled by Bloomberg expected it to be Rs 1,031.2 crore for the quarter.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
Brigade Enterprises Q1 FY25 Highlights (Consolidated,YoY)
Revenue up 64.8% to Rs 1,078 crore (Bloomberg estimate: Rs 1,031.2 crore).
Ebitda rose 67.3% to Rs 293 crore (Bloomberg estimate: Rs 272.9 crore).
Margin expanded to 27.2% versus 26.8% (Bloomberg estimate: 26.5%).
Net profit up 3.7 times at Rs 80.5 crore (Bloomberg estimate: Rs 96.7 crore).
Other Key Highlights
Pre-sales bookings in the real estate segment stood at 1.15 million sq. ft., with a sale value of Rs 1,086 crore during the June quarter. Meanwhile, average realisation stood at Rs 9,483 per sq. ft.
Segment-Wise Performance
Real estate revenue up 105% at Rs 707 crore versus Rs 345 crore.
Leasing revenue up 23% at Rs 259 crore versus Rs 210 crore.
Hospitality revenue up 11% at Rs 118 crore versus Rs 106 crore.
Shares of Brigade Enterprises were down 6.13% at Rs 1,124.40 apiece on Monday, as compared with a 2.74% decline in the benchmark Sensex.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
