Shares of Brigade Enterprises are expected to attract attention on Thursday following the company’s announcement of a sharp jump in earnings for the quarter ended June. The Bengaluru-headquartered real estate developer posted a 79% year-on-year rise in consolidated net profit to ₹149.88 crore, compared with ₹83.72 crore in the same period last year. The strong performance was driven primarily by robust residential sales and an active pipeline of launches across multiple cities.
Total income for the quarter stood at ₹1,332.86 crore, up from ₹1,113.44 crore a year earlier, according to the company’s regulatory filing.
“FY26 has begun on a strong note for Brigade Group, marked by consistent performance across all verticals,” said Pavitra Shankar, Managing Director, Brigade Group. “Our residential business continues to be a key growth driver, supported by a strong pipeline of launches across Bengaluru, Chennai, and Hyderabad. The office segment has seen sustained momentum, with increased leasing activity.”
Residential Momentum and Pre-Sales
Pre-sales for the quarter came in at ₹1,118 crore, translating into 0.95 million square feet of sales area. Revenue from the real estate segment rose 22% year-on-year to ₹892 crore, compared to ₹733 crore in the previous year’s quarter. Brigade reported EBITDA of ₹103 crore, marking a 10% annual growth.
Net bookings matched the 0.95 million square feet sales volume, with an average realisation of ₹11,782 per square foot, up 24% from Q1 FY25. The company also reported strong collections during the quarter, amounting to ₹1,728 crore.
Growth Pipeline and Credit Upgrade
Looking ahead, Brigade has outlined a development pipeline of approximately 16 million square feet in residential and commercial projects, along with plans to add 1,700 keys to its hospitality portfolio. The group’s land reserves currently stand at 60 million square feet, a strategic advantage it expects will fuel long-term expansion. ICRA recently upgraded Brigade’s credit rating to AA (Stable), underscoring the company’s financial strength.
Leasing and Hospitality Performance
Operational occupancy stood at 92% across 9.38 million square feet of leased assets, with leasing revenue climbing 15% to ₹300 crore and leasing EBITDA rising 13% to ₹224 crore. Brigade’s facilities management division currently oversees around 16 million square feet.
In the hospitality segment, Brigade Hotel Ventures—one of its subsidiaries—recently launched an ₹885.60 crore IPO, which included a ₹126 crore pre-IPO placement. The hospitality business posted revenues of ₹141 crore in Q1 FY26, up 19% year-on-year, with EBITDA increasing 34% to ₹48 crore.
