Covid-19 impact: Brigade Enterprises posts pre-tax loss of Rs 86 cr in Q1

With sales and operations hit by the Covid-19 pandemic and the subsequent lockdown, Bengaluru-based real estate company Brigade Enterprises registered a pre-tax loss of Rs 85.8 crore in Q1FY21. It had posted a PBT of Rs 73.34 crore in the corresponding period of the last year.

The company reported a net loss of Rs 53 crore for the period vis-a-vis a net profit of Rs 41 crore in Q1FY20, while total consolidated revenues fell 70 per cent to Rs 214 crore compared to the corresponding quarter of the last year.