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Brigade Enterprises Ltd reported a 5 per cent decline in its pre-sales for the last fiscal, which stood at INR 7,424 crore compared to INR 7,847 crore in the previous year. The company attributed the drop mainly to delays in obtaining approvals, which pushed several residential project launches into the later part of the fourth quarter and some into the next fiscal cycle. Despite the slowdown in launches, average realisation improved, supported by better pricing and a shift toward higher-value housing. The company also posted growth in net profit and total income during the year.
Brigade Enterprises Ltd recorded pre-sales of INR 7,424 crore in the last fiscal, reflecting a 5 per cent decline compared to INR 7,847 crore in the previous year. The company linked this performance mainly to delays in receiving regulatory approvals, which resulted in several residential project launches being postponed to the latter part of the fourth quarter, while a portion of planned launches shifted into the following fiscal year. Advertisement
The company’s Managing Director, Pavitra Shankar, conveyed to analysts that a significant share of the launch pipeline was impacted by timing shifts. She explained that new project launches contributed 43 per cent to the full-year pre-sales even though most of them were concentrated toward the end of the year. She further noted that total new launches during the year reached 8.3 million square feet, which was below the planned 12 million square feet, with around 3.3 million square feet in Chennai being deferred into the next fiscal cycle.
Average realisation for the company increased by 9 per cent year-on-year to INR 12,107 per square foot. This improvement was driven by structured price revisions in ongoing projects along with a gradual shift in the company’s portfolio toward higher-value residential units. Non-resident Indians accounted for 10 per cent of total pre-sales during the period under review.
On the financial performance side, net profit rose to INR 724.76 crore compared to INR 680.47 crore in the previous year. Total income also improved, rising to INR 5,909 crore from INR 5,313.54 crore in the earlier fiscal.
The board of directors recommended a final dividend of INR 2 per equity share, representing 20 per cent on a face value of INR 10 per share for 2025–26, subject to shareholder approval. In addition, the board approved a bonus issue in the ratio of 1:3, meaning one fully paid equity share of INR 10 will be issued for every three shares held, subject to approval and record date confirmation.
Established in 1986, Brigade Group operates across residential, office, and retail real estate segments, with a presence in cities including Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram, and GIFT City. The group also has interests in hospitality and education sectors.
Source PTI
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