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Revenue
₹1,281 Cr
verified against source
Revenue YoY
20%
reported change
EBITDA
₹375 Cr
latest reported figure
Source
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record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Brigade Enterprises delivered a strong Q1 FY26 with consolidated revenue of ₹1,333 crore (+20% YoY) and PAT of ₹150 crore (+79% YoY), driven by robust performance across real estate, leasing, and hospitality. Real estate pre-sales grew 3% to ₹1,118 crore, while leasing revenue rose 15% to ₹300 crore and hospitality revenue increased 19% to ₹141 crore. The company added 10 million sq ft to its land bank with a GDV of ₹11,200 crore. Management guided for 15-20% sales growth in FY26, with a launch pipeline of ~13 million sq ft over four quarters. Key risks include potential delays in project approvals and a slower sales cycle in Chennai.
Colored figures show movement against the previous available record.
Guidance to track
- Management targets 15-20% growth in pre-sales value for FY26, building on ₹7,800 crore in FY25.
- Approximately 13 million sq ft of residential and commercial launches planned, with 50% of GDV already in hand.
- Brigade Hotel Ventures plans to expand from 9 to 18 hotels, adding ~1,700 keys.
- New project launches in FY26 are expected to have embedded EBITDA margins upwards of 30%.
Risks flagged
- Chennai market requires physical sales offices, leading to slower uptake; Morgan Heights traction expected only after September.
- Brigade Innovation Gardens may slip to Q1 FY27; overall launch timing depends on approvals.
- Sales & marketing expenses doubled YoY to ₹86 crore; employee costs rose to ₹186 crore, raising margin concerns.
- Media reports of IT job losses could impact residential demand, though management sees no on-ground impact yet.
Key quotes
- We are happy to report that financial year has begun on a strong footing with all our four verticals delivering healthy performance.
- We will focus on Bangalore, Chennai and Hyderabad... there is much more room to grow for our presence in both Chennai and Hyderabad.
- We are the first real estate developer in India to successfully launch two IPOs.
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