Brigade Group Reports Strong Q1 FY25 Performance
Brigade Group, one of the leading real estate companies in India, has reported impressive financial results for the first quarter of FY25. The company recorded a total revenue of Rs 1,113 Crores, indicating steady growth in its operations.
Real Estate Segment Drives Growth for Brigade Group
The real estate segment continues to be the primary driver of Brigade Group’s growth. In Q1 FY25, the pre-sales bookings in the real estate segment reached 1.15 Mn. Sqft, with a sale value of Rs 1086 Crores. The average realization per square foot was reported to be Rs 9,483.
The Diverse Portfolio of Brigade Group
The diversified portfolio of Brigade Group encompasses various sectors. While the real estate segment remains a strong contributor to the company’s financial success, other sectors such as leasing and hospitality have also made healthy contributions.
Speaking about the company’s diverse portfolio, Pavitra Shankar, Managing Director of Brigade Enterprises Ltd, expressed confidence in the ability of their portfolio to capitalize on emerging opportunities in the market.
Brigade Group’s Annual Event: Brigade Showcase
Brigade Group will be hosting the 17th edition of its annual event, Brigade Showcase, from the 9th to 11th of August 2024. The event will primarily focus on sustainability, highlighting Brigade Group’s commitment to eco-friendly practices and energy-efficient designs in their projects.
Visitors can expect to explore over 20 exceptional Brigade projects, which include integrated townships, apartments, villas, and plots. The price range of these properties varies from Rs. 49 lakhs to Rs. 21 crores. The event offers a golden opportunity for prospective homebuyers to discover the diverse range of living spaces Brigade Group has to offer in the cities of Bengaluru, Chennai, and Hyderabad.
Financial Highlights of Brigade Group in Q1 FY25
In Q1 FY25, real estate revenue accounted for Rs 707 Crores, while leasing revenue stood at Rs 259 Crores. The hospitality segment generated Rs 118 Crores in revenue during the same period. With other income included, Brigade Group recorded consolidated revenue of Rs 1,113 Crores.
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for Q1 FY25 stood at Rs 328 Crores, reflecting the company’s strong operational performance. The Profit After Tax (PAT) reached Rs 81 Crores, adding to Brigade Group’s overall profitability.
Bright Prospects for Brigade Group
While the Brigade Group’s strong financial performance in Q1 FY25 portrays stability and growth, the upcoming Brigade Showcase event promises to present the company’s commitment to sustainable development and its wide range of offerings to potential homebuyers. Looking ahead, Brigade Group is well-positioned to leverage the emerging opportunities in the real estate market and be a standout player in its field.
