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BRIGADE Diversified 14 Feb 2026

Brigade Enterprises Limited — Q3 FY26

Brigade Enterprises reported a steady Q3 FY26 with consolidated revenue of ₹1,623 crore (+6% YoY) and EBITDA margin of 28%.

neutral medium
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Revenue ₹1,623 Cr +6%
EBITDA ₹459 Cr
PAT ₹187 Cr
EBITDA Margin 28%
Duration 59 min
Read Time 1 min read

Financial stats pending filing verification

Risk Intelligence

Material risks this quarter

Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.

Risks

R

Approval delays impacting launch pipeline

Residential launches have been delayed by 3-4 months due to changes in Bangalore's approval process, causing FY26 pre-sales to be flat. Further delays could push launches into FY27.

high · management_commentary
R

Slow absorption of high-ticket projects

As ticket sizes increase (85% of sales above ₹1.5 crore), conversion times are lengthening, which could slow sales velocity and inventory turnover.

medium · management_commentary
R

Brigade Morgan Heights regulatory hurdle

Sales in the Chennai project are stalled due to a court case affecting over 1 lakh properties. A hearing is expected in February 2026, but an adverse verdict could delay sales further.

high · analyst_question
R

Operating cash flow decline

9M FY26 operating cash flow dropped to ~₹30 crore from ₹1,550 crore in 9M FY25, due to higher construction spends and elevated sales & marketing costs despite limited launches.

medium · data_observation