Brigade Enterprises Limited reported a robust performance for Q4 FY26, with consolidated revenue reaching INR 1,523 crore and an EBITDA of INR 430 crore. Despite operational challenges in the earlier part of the fiscal year, the company successfully launched 4 million square feet in Q4. Brigade remains optimistic for FY27, targeting a 20% growth in pre-sales and aiming for INR 9,000 crore, supported by a significant residential launch pipeline of 11.6 million square feet.
Fiscal Year 2026 Financial Highlights
For the full financial year 2026, Brigade Enterprises recorded a consolidated revenue of INR 5,909 crore, marking an 11% increase over the previous year. The company achieved an EBITDA of INR 1,638 crore with a stable margin of 28%. Consolidated Profit After Tax (PAT) stood at INR 725 crore, a 7% growth compared to FY25.
Residential and Commercial Segment Performance
The residential sector saw pre-sales of INR 7,424 crore for the year. A standout achievement in the final quarter was the launch of 4 million square feet, driving a 44% quarter-on-quarter increase in pre-sales value. Realization increased by 9% year-on-year to INR 12,107 per square foot, reflecting a shift toward higher-value home portfolios.
Brigade’s commercial leasing portfolio demonstrated stability, with cumulative leasing of approximately 1.1 million square feet in FY26. GCC (Global Capability Centers) tenants continue to be the primary drivers, accounting for 58% of the leased portfolio, while large anchor tenants contribute 65% of the revenue, ensuring high predictability.
Strategic Outlook and Future Pipeline
Looking toward FY27, the company has a strong residential launch pipeline of 11.6 million square feet with a Gross Development Value (GDV) of INR 11,900 crore. Brigade plans to focus on replenishing its land bank, particularly in the Bengaluru and Hyderabad markets.
The company also announced a new 50-50 joint venture with Bain for a 10.8-acre project in Whitefield, Bangalore, which will include approximately 2 million square feet of office space and a 250-key 5-star hotel. Construction for this project is expected to be completed within 40 months post-approval, underscoring the company’s commitment to expanding its premium commercial and hospitality assets.
Operational Resilience
Despite global macroeconomic uncertainties, management noted that the fundamental demand drivers remain intact. The company has successfully reduced its average cost of debt by 110 basis points during the year to 7.57% as of March 2026. With a debt-equity ratio of 0.27, Brigade maintains a healthy balance sheet to support its ongoing capital expenditure plans of INR 6,000 crore over the next four years.
Source: BSE
