Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
Brigade Hotel Ventures Ltd. reported a consolidated net profit of INR 21.72 crore for the December quarter, more than doubling from INR 9.62 crore last year. Revenue from operations rose to INR 138.76 crore, while expenses edged up to INR 114.06 crore. Growth is expected to be driven by existing hotels, food and beverage enhancements, and new properties including Grand Mercure Ahmedabad GIFT City and ibis Styles Mysuru. With nine upcoming hotels in the luxury and upscale segments, the company is expanding and diversifying its portfolio, positioning itself for sustainable growth in India's post-pandemic hospitality market.
Brigade Hotel Ventures Ltd. (BHVL), the hospitality division of the Brigade Group, reported a significant rise in its consolidated net profit for the third quarter ended December. The company posted a net profit of INR 21.72 crore, more than double compared to INR 9.62 crore during the same quarter last year. Advertisement
Revenue from operations also showed an increase, reaching INR 138.76 crore, up from INR 124.35 crore in the corresponding October-December period of the previous financial year, according to a regulatory filing released earlier this week. Total expenses rose slightly to INR 114.06 crore from INR 112.26 crore a year ago.
Nirupa Shankar, Managing Director of BHVL, mentioned that the company anticipates growth to be driven by its existing hotels, enhanced contributions from food and beverage additions and renovations, and the operational ramp-up of Grand Mercure Ahmedabad GIFT City and ibis Styles Mysuru. She highlighted that with nine hotels under development across luxury and upscale segments, the company is progressively strengthening and diversifying its portfolio, positioning itself for steady growth in the coming years.
Brigade Group has previously focused on expanding its hospitality footprint alongside its real estate developments. Over the past few years, the group has added several properties in key cities, targeting both business and leisure travelers, while also upgrading services in existing hotels to enhance revenue. The company's focus on the luxury and upscale segment aligns with the broader trend in India's hospitality industry, which has seen growing demand post-pandemic, particularly in Tier-2 cities and corporate hubs.
Source PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
