Brigade Enterprises Q2 profit rises 29% as lower expenses offset revenue decline
Executive Brief • Key Highlights
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- ✓Brigade Enterprises reported a 28.7% year-on-year increase in consolidated net profit to ₹218.8 crore in the second quarter of FY27.
- ✓Lower expenses helped the firm as revenue fell 13.5% to ₹1,196.36 crore.
- ✓Managing Director Pavitra Shankar said, "Residential continues to drive growth, underpinned by sustained demand and a strong project pipeline."
Story at a Glance
- Category
- MARKET
- Reported By
- cnbctv18
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Brigade Enterprises' September-quarter profit increased as lower expenses and stronger margins offset a decline in revenue, while leasing and hospitality businesses reported higher segment earnings.
Brigade Enterprises reported a 28.7% year-on-year increase in consolidated net profit to ₹218.8 crore in the second quarter of FY27, compared with ₹170 crore in the corresponding quarter last year.
Revenue from operations declined 13.5% to ₹1,196.36 crore from ₹1,383.37 crore a year earlier. Earnings before interest, tax, depreciation and amortisation (EBITDA), a measure of operating profit, rose 29.6% to ₹425 crore from ₹328 crore.
The EBITDA margin expanded to 35.5% from 24% in the year-ago quarter, while total expenses fell 22% to ₹962.31 crore from ₹1,234.06 crore.
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