Page 4 - Brigade Enterprises

Stocks to watch on May 10: Mahanagar Gas, Brigade Ent, Paytm, Adani, LIC

Stocks to watch on May 10, 2024: Paytm has denied media reports about its lending partners invoking loan guarantees due to repayment defaults

Brigade Enterprises posts record sale bookings of Rs 6,013 cr last fiscal

Realty firm Brigade Enterprises Ltd on Tuesday reported a 46 per cent annual increase in its sale bookings to record Rs 6,013 crore in the last fiscal year, mainly due to better demand for its housing projects. Its sale bookings stood at Rs 4,109 crore in the 2022-23 fiscal. In a statement, Brigade Enterprises said it has achieved pre-sales of Rs 6,013 crore in FY24 and Rs 2,243 crore in the fourth quarter of FY24 the highest ever for both in terms of a quarter as well as financial year. Average sales realisation rose 23 per cent annually last fiscal year. "The residential business continued to drive sales growth, with all other verticals of the company contributing significantly and finishing strong in the financial year," Pavitra Shankar, Managing Director of Brigade Enterprises, said. The company has been able to achieve its best-ever operational performance last fiscal, she said. "we aim to leverage this performance in FY25. Our outlook is optimistic, as we believe demand fo

Stocks to Watch today: Jio Financial, Cipla, Vi, Brigade, Vedanta, Aster DM

Stocks to watch on Tuesday, April 16, 2024: Balrampur Chini, Bandhan Bank, Exide, GNFC, Hind Copper, India Cement, Metropolis, National Aluminium, PEL, SAIL and Zee are the 11 stocks in F&O ban today.

Brigade Enterprises to invest Rs 400 crore to build office space in Chennai

Realty firm Brigade Enterprises Ltd on Monday said it will invest Rs 400 crore to build an office complex in Chennai. In a statement on Monday, Bengaluru-based Brigade Enterprises said it has entered into a Joint Development Agreement (JDA) with Agni Estates & Foundations Pvt Ltd to develop 'Brigade Tech Boulevard', a 'Grade A' office space on Pallavaram-Thoraipakkam Radial Road, in Chennai. "With an investment of around Rs 400 crore, the project will have a leasable area of 8.36 lakh square feet spread across two towers," it added. This will be the next commercial project launched by Brigade Group after the successful completion of the 'World Trade Centre' on OMR. Nirupa Shankar, Joint Managing Director, Brigade Enterprises, said, "Chennai is a diverse office market with demand from not only IT and ITeS sector but also from several other industry verticals including engineering, automotive and banking, etc." Offices that conform to sustainability, with seamlessly integrated ...

Brigade Q3 results: Profit up 31% on strong growth in residential segment

In the real estate segment, Brigade achieved its strongest performance ever for Q3 of a financial year with sales of 1.7 million square feet with a sale value of Rs 1,524 crore

Brigade Enterprises soars 13% on healthy outlook; zooms 60% since November

Since November, the stock of the real estate company has zoomed 60 per cent as it had reported a strong operational performance for the September quarter (Q2FY24)

Brigade Enterprises to double seats in coworking brand BuzzWorks by FY24

Former hospitality and real estate professional Siddharth Verma has been appointed general manager (GM) to oversee the planned expansion of BuzzWorks

Brigade to develop 2 mn sq. ft. of residential housing space in Bengaluru

Project estimated to yield revenue of Rs 2,100 crore on completion

Stocks to Watch today, Nov 17: Delhivery, IDBI Bank, TVS Motor, Oil-linked

Stocks to Watch on Friday, November 17, 2023: SoftBank may offload around 31 million, or 4 per cent stake, in Delhivery for $150 million

Brigade Enterprises expects robust broad-based growth in next few quarters

Under real estate, Brigade caters to both residential and commercial spaces. Brigade provides the largest commercial space in Bengaluru at 3.5 million square feet

Brigade Enterprises surges 7%, hits new high on strong Q2 results

With a robust pipeline of launches in Bengaluru, Chennai, and Hyderabad, the management is confident that the company will sustain the momentum going forward

Brigade Enterprises net profit up 117% to Rs 112.50 crore in Q2FY24

In Q2 FY24, Brigade reported an incremental leasing of 3 lakh square feet recording a five-time increase in quarter-on-quarter

Brigade Enterprises Q2 profit jumps 72% on strong housing demand

Revenue from real estate, its largest unit, rose 70% to Rs 1,034 crore

Brigade Enterprises Q1 profit falls 56% as real estate sales drag

Real estate consulting firm Anarock said in July factors like inflation, any potential rise in interest rates and corporate layoffs could weigh on growth in the next two quarters

Brigade to launch 10 housing projects, to invest Rs 3,000 cr on const: MD

Realty firm Brigade Enterprises will launch 10 housing projects this fiscal across Bengaluru and Chennai with an estimated construction cost of Rs 3,000 crore as it looks to encash rising demand for residential properties, its MD Pavitra Shankar said. In an interview with PTI, she sounded extremely bullish on India's residential market and said the company would like to grow housing sales by 15-20 per cent during the current 2023-24 fiscal. "Overall, the last financial year was very good, primarily driven by our residential and hospitality business. Things in retail were also very good and office was quite stable," Pavitra said. Bengaluru-based Brigade Enterprises achieved a record sales bookings of Rs 4,109 crore, mostly housing with small portion of commercial properties, a 36 per cent growth from the 2021-22 financial year. In terms of area also, sales bookings grew by 34 per cent to a record 6.3 million square feet. "I think it's reflective of general demand by customers," sh

Stocks to Watch today, May 25: Nykaa, LIC, Adani Group, Hindalco, Nalco

Stocks to watch on May 25, 2023: AIA Engineering, eClerx, GSFC, Voda Idea, IEX, IFCI, Page Inds, SAIL, Strides Pharma, and Zee among prominent companies scheduled to announce Q4 results on Thursday.

Brigade Enterprises Q4 profit at Rs 63 cr, FY23 profit stands at 222 cr

Realty firm Brigade Enterprises Ltd on Wednesday reported a consolidated net profit of Rs 63 crore for the quarter ended March 2023. The company posted a net loss of Rs 11.63 crore in the year-ago period. Total income fell to Rs 872.11 crore in the fourth quarter of the last fiscal from Rs 964.72 crore in the corresponding period of the previous year, according to a regulatory filing. Net profit stood at Rs 222.17 crore in the last fiscal as against a net loss of Rs 64.76 crore in the 2021-22 financial year. Total income rose to Rs 3,563.21 crore in the 2022-23 fiscal from Rs 3,065.51 crore in the previous year. Commenting on the results, Pavitra Shankar, Managing Director, Brigade Enterprises Ltd said, "...our real estate business outperformed during the fourth quarter, enabling us to end the year with highest ever sales. Leasing and hospitality also contributed significantly to the overall growth of the company in 2022-23." The company has a strong pipeline of ongoing projects

Brigade Enterprises sells properties worth Rs 2,618.5 cr in Apr-Dec FY23

Realty firm Brigade Enterprises has sold housing and commercial properties worth Rs 2,618.5 crore during the first three quarters of 2022-23 fiscal, up 31 per cent from the year-ago period, on better demand and higher price realisation. Bengaluru-based Brigade Enterprises is one of the leading real estate firms in the country with a strong presence in South India. In its investor presentation, the company highlighted that it has "achieved sales value of Rs 26,185 million (Rs 2,618.5 crore) during 9 months of FY23, a growth of 31 per cent over 9 month of FY22". Its sales bookings stood at Rs 1,994.8 crore in the year-ago period. In volume terms, the sales bookings rose 25 per cent to 39,58,000 square feet during the April-December period of 2022-23 fiscal from 31,68,000 square feet in the corresponding period of the previous fiscal. The average sales realisation grew 5 per cent to Rs 6,616 per square feet from Rs 6,298 per square feet. Out of the total sales bookings in the first

Brigade Enterprises Dec quarter sales bookings up 48% to Rs 1,009 crore

Realty firm Brigade Enterprises Ltd's sales bookings rose by 48 per cent to Rs 1,009.7 crore in the third quarter of this fiscal on higher volumes and price realisation amid strong housing demand. The Bengaluru-based company sold residential and commercial properties worth Rs 684.2 crore in the year-ago period. According to an investor presentation by the company, the average sales realisation rose 5 per cent to Rs 6,590 per square feet during the third quarter of this fiscal from Rs 6,281 per square feet in the year-ago period. In volume terms, its sales bookings rose 41 per cent to 15,33,000 square feet in the October-December period of 2022-23 fiscal from 10,90,000 square feet in the year-ago period. Out of the total sales booking in the third quarter, the residential properties contributed Rs 939.4 crore while the commercial properties Rs 70.3 crore. On the financial front, Brigade Enterprises net profit fell to Rs 42.68 crore in the third quarter of this fiscal year from Rs 4

We see growth fuelled by all our business domains: Brigade Group MD

'If there is an IT slowdown, we see demand consolidating with branded, listed players like ours as a flight to quality'