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Brigade Enterprises Ltd reported a 24 per cent year-on-year decline in consolidated net profit to INR 190.70 crore during the March quarter, while total income remained largely flat at INR 1,523.11 crore. Despite the quarterly decline, the Bengaluru-based real estate developer recorded higher annual profit and income for FY26, supported by improved sales momentum and stronger project absorption. The company’s board also approved a final dividend of INR 2 per equity share and recommended a 1:3 bonus share issue, subject to shareholder approval. Brigade Enterprises stated that pre-sales during the fourth quarter rose sharply on a sequential basis, driven by new project launches and improved pricing realisations across its residential portfolio.
Brigade Enterprises Ltd reported a 24 per cent decline in consolidated net profit during the March quarter in the past week, while announcing a bonus share issue for shareholders alongside its FY26 financial results. Advertisement
According to the company’s regulatory filing, consolidated net profit for the fourth quarter of FY26 stood at INR 190.70 crore, compared to INR 249.35 crore recorded during the corresponding period of the previous financial year. Total income during the quarter also witnessed a marginal decline to INR 1,523.11 crore from INR 1,532.29 crore a year earlier.
Despite the softer quarterly performance, the Bengaluru-based developer reported improved full-year earnings for FY26. Consolidated net profit for the financial year increased to INR 724.76 crore from INR 680.47 crore in FY25. Total income for the year rose to INR 5,909.01 crore, compared to INR 5,313.54 crore recorded in the preceding financial year.
The company’s board of directors recommended a final dividend of INR 2 per equity share of face value INR 10 each for FY26. In addition, the board approved a bonus share issue in the ratio of 1:3, under which shareholders will receive one fully paid-up bonus equity share of INR 10 each for every three equity shares held on the record date. The proposed bonus issue remains subject to shareholder approval.
Pavitra Shankar stated that the company recorded its strongest quarterly sales performance of FY26 during the January–March period. She said Brigade Enterprises achieved pre-sales of INR 2,521 crore in the fourth quarter, representing a 44 per cent sequential increase, supported by strong absorption of newly launched projects and disciplined pricing strategies.
She further indicated that average realisations improved 9 per cent year-on-year during the quarter, reflecting continued demand for the company’s residential developments and market confidence in its product offerings.
The company stated that it was entering FY27 with a strong project pipeline, a balanced business portfolio and a continued focus on execution across segments.
Brigade Enterprises Ltd is one of the major real estate developers in southern India with presence across residential, commercial, hospitality and retail segments. The company has ongoing and planned projects across Bengaluru, Chennai, Hyderabad, Kochi and other urban markets.
The quarterly results come at a time when several listed developers are reporting stable residential demand despite moderation in broader sector sentiment linked to global macroeconomic uncertainty and rising input costs. Brigade Enterprises’ improved annual financial performance was supported by stronger project launches, sustained customer demand and higher sales realisations across key residential markets.
Source - PTI
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