Brigade Enterprises Ltd, a well-known real estate developer, has reported its financial results for the second quarter of the financial year 2025 (Q2 FY25), which ends September 30, 2024.
The company posted a consolidated net profit of ₹115 crore, up 2% from ₹112.5 crore in the same period previous year.
Financial Highlights
Revenue: The company’s total income for the quarter stood at ₹1,138.1 crore, reflecting a 19% decline compared to ₹1,407.9 crore in Q2 FY24.
BITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) was reported at ₹358 crore, a slight decrease of 2% from the previous year.
Operational Performance
Pre-Sales Volume: The company achieved pre-sales of approximately 1.68 million square feet during the quarter, with an average sales realization of ₹10,832 per square foot, representing a 45% increase over Q2 FY24.
Ongoing Projects: As of September 2024, Brigade Enterprises has 25 million square feet of ongoing projects.
Hospitality Segment
In the hospitality sector, Brigade Enterprises has filed a draft red herring prospectus on October 30, 2024, with SEBI and relevant stock exchanges, indicating plans to list Brigade Hotel Ventures Limited.
Despite a decline in revenue, Brigade Enterprises has demonstrated resilience with a slight increase in net profit and significant growth in pre-sales volume. The company’s strategic focus on expanding its project portfolio across key markets positions it well for future growth.
Read also:
Eicher Motors Q2 Results: Profit Rises to ₹1,100 Crore Despite Marginal EBITDA Margin Reduction
Thermax Q2 Results: Profit Surges 25% to ₹198 Crore and Revenue Climbs 13%
Vodafone Idea’s Q2 Results: Losses Shrink to ₹7,175.9 Crore, Revenue Grows 1.8% YoY
