Brigade Enterprises' Q1 FY 2025-26 Quarterly Results

Result Summary

• Brigade Enterprises Ltd reported a 24.4% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 19.7%.
• Its expenses for the quarter were down by 23.3% QoQ and up 13.3% YoY.
• The net profit decreased 25.1% QoQ and increased 96.1% YoY.
• The earnings per share (EPS) of Brigade Enterprises Ltd stood at 6.1 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Brigade Enterprises Ltd is a prominent player in the real estate industry, primarily engaged in the development of residential, commercial, and hospitality properties. The company has a diverse portfolio encompassing residential apartments, office spaces, retail malls, and hotels. Brigade Enterprises Ltd is well-known for its innovative approach and quality construction in major cities across India. The company consistently focuses on sustainability and customer satisfaction, aligning its projects with evolving market trends and consumer preferences. Any recent major developments, specific product launches, or strategic partnerships are not available for this analysis.

Revenue

In Q1FY26, Brigade Enterprises Ltd reported a total income of ₹1332.86 crores, which represents a decline of 24.4% from the previous quarter (Q4FY25), where the total income was ₹1762.62 crores. Compared to the same quarter last year (Q1FY25), the company experienced a 19.7% increase in total income, which stood at ₹1113.44 crores in Q1FY25. The year-over-year growth indicates a positive trend in revenue generation despite the quarter-over-quarter decline. The revenue figures suggest fluctuations that could be attributed to various operational or market factors.

Profitability

Brigade Enterprises Ltd's profitability metrics show significant variations across different periods. The profit before tax (PBT) for Q1FY26 was ₹194.13 crores, marking a decrease of 30.4% from Q4FY25, where the PBT was ₹278.83 crores. However, on a year-over-year basis, there was a substantial increase of 79.0% compared to Q1FY25, when the PBT was ₹108.44 crores. The profit after tax (PAT) for Q1FY26 was ₹157.95 crores, down from ₹210.86 crores in Q4FY25, reflecting a quarter-over-quarter decline of 25.1%. Conversely, the year-over-year growth in PAT was notable at 96.1% from ₹80.53 crores in Q1FY25. The earnings per share (EPS) for Q1FY26 stood at ₹6.10, compared to ₹8.90 in Q4FY25 and ₹3.60 in Q1FY25, demonstrating a quarter-over-quarter decrease of 31.5% and a year-over-year increase of 69.4%.

Operating Metrics

The company's total expenses for Q1FY26 were ₹1138.73 crores, showing a decrease of 23.3% from the previous quarter (Q4FY25), where expenses were ₹1483.79 crores. Year-over-year, total expenses increased by 13.3% from ₹1005.00 crores in Q1FY25. The tax expenses for Q1FY26 amounted to ₹35.86 crores, which is a 47.2% reduction from Q4FY25's tax expense of ₹67.97 crores. On a year-over-year basis, tax expenses increased by 28.5% from ₹27.91 crores in Q1FY25. These metrics highlight the company's efforts in managing expenses and tax liabilities effectively in response to changing revenue patterns.