Brigade Enterprises Limited — Updates, 13-11-2024: Press Release

Brigade Group's financial update reveals impressive growth in Q2 FY25, with real estate sales reaching ₹1,821 Crores, up 46% year-on-year. The company achieved record quarterly collections of ₹1,936 Crores, indicating a 35% increase from the previous year. Total revenue for the quarter was ₹1,138 Crores, with a profit after tax (PAT) of ₹115 Crores. The firm reported a pre-sales volume of around 1.68 million sqft, with average sales realization increasing by 45% to ₹10,832 per sqft.

The ongoing projects span 25 million sqft and include upcoming residential developments of approximately 13 million sqft over the next year across major cities. Brigade also reported a stable leasing revenue of ₹292 Crores and maintains a high occupancy rate of 97%. The company’s subsidiary, Brigade Hotel Ventures, is planning an IPO, further indicating its growth trajectory. Overall, Brigade Group's robust performance and strategic pipeline suggest a positive outlook for future quarters, with potential for sustained growth in residential and leasing segments.