Brigade Enterprises Ltd's Q3FY25 Quarterly Results

Result Summary

• Brigade Enterprises Ltd reported a 34.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 26.6%.
• Its expenses for the quarter were up by 27.7% QoQ and 9.9% YoY.
• The net profit increased 104.7% QoQ and increased 322.2% YoY.
• The earnings per share (EPS) of Brigade Enterprises Ltd stood at 9.9 during Q3FY25.

Financial Statments for Q3FY25

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 property development and management. The company is known for its diverse portfolio that includes residential, commercial, and hospitality projects. Brigade Enterprises Ltd has a significant presence in South India, particularly in cities like Bangalore, Chennai, and Kochi. The company operates in a sector that is sensitive to economic fluctuations and regulatory changes. Recently, the real estate market has been experiencing various challenges and opportunities, driven by factors such as urbanization, government policies, and consumer demand for affordable housing and commercial spaces. However, specific recent major developments within the company are not available.

Revenue

Brigade Enterprises Ltd reported a total income of ₹1529.68 crores for Q3FY25, marking a substantial increase of 34.4% quarter-over-quarter (QoQ) from ₹1138.13 crores in Q2FY25. Year-over-year (YoY), the total income grew by 26.6% from ₹1208.18 crores in Q3FY24. This growth in revenue could be attributed to the company's strategic initiatives in expanding its project portfolio and tapping into new markets within the real estate sector. The significant revenue increase QoQ and YoY highlights the company's ability to enhance its top-line performance, potentially through increased sales or the launch of new projects.

Profitability

In Q3FY25, Brigade Enterprises Ltd achieved a profit before tax of ₹288.84 crores, which is a remarkable 73.6% increase QoQ from ₹166.35 crores in Q2FY25 and a substantial 263.5% rise YoY from ₹79.46 crores in Q3FY24. The company's profit after tax stood at ₹235.52 crores for Q3FY25, reflecting an impressive 104.7% growth QoQ and a significant 322.2% increase YoY. These figures suggest enhanced profitability, potentially due to efficient cost management or increased revenue streams. The earnings per share also experienced significant growth, reaching ₹9.90 in Q3FY25, up from ₹4.90 in Q2FY25, and ₹3.20 in Q3FY24, reflecting a 102.0% QoQ rise and a 209.4% YoY increase.

Operating Metrics

The total expenses for Brigade Enterprises Ltd in Q3FY25 were ₹1240.84 crores, which represents a 27.7% increase QoQ from ₹971.78 crores in Q2FY25, and a 9.9% rise YoY from ₹1128.72 crores in Q3FY24. The tax expenses for Q3FY25 were ₹53.32 crores, showing a modest increase of 4.0% QoQ and a significant 125.3% YoY rise. Despite the increase in expenses, the company managed to maintain a strong profit trajectory, which could indicate effective operational strategies or increased operational efficiency. The company's ability to manage its expenses while significantly increasing its revenue and profitability metrics is a noteworthy aspect of its operational performance during this quarter.