Brigade Enterprises reported steady growth in Q3 FY26, with contributions from all business segments. The company achieved presales of INR1,750 crores and a presales volume of 1.33 million square feet. Focus remains on deepening presence in key micro markets with strategic land acquisitions. Approximately 12 million square feet of launches are planned over the next 4 quarters.
Financial Performance
Brigade Enterprises reported a consolidated revenue of INR1,623 crores in Q3 FY26, a 6% increase year-over-year. EBITDA stood at INR459 crores, with a margin of 28%. The Real Estate segment clocked a turnover of INR1,133 crores, while the Leasing segment reported INR325 crores in turnover, a 16% increase. The Hospitality segment achieved a turnover of INR165 crores, a 12% increase. Consolidated PAT reached INR206 crores.
Segment Highlights
During the quarter, 0.66 million square feet of commercial office space was leased. Portfolio occupancy remained strong at approximately 93%. Brigade Hotels experienced steady growth compared to Q3 FY25, with Revenue and RevPAR increasing by 14% and 17%, respectively. EBITDA for the hotel segment grew by 17%. The company is building out 1,700 keys across 9 hotels in its markets.
Land Acquisition & Future Outlook
Brigade Enterprises invested approximately INR2,100 crores in land bank over the last 9 months, adding a developable area of 14 million square feet with a GDV of INR16,000 crores. Approximately 54% of this is in Bengaluru and 30% in Hyderabad. These projects are expected to launch over the next 4 to 6 quarters. Approximately 1.2 million square feet of commercial office space was launched in FY26, with plans to launch another 4.2 million square feet in the next 4 quarters.
Debt and Liquidity
The average cost of debt decreased by 115 bps to 7.61% as of December 2025. Gross debt stood at INR4,504 crores, with cash and cash equivalents at INR2,617 crores as of December 31, 2025. Net debt outstanding was INR1,887 crores. Approximately 92% of the debt pertains to the commercial segment.
Strategic Initiatives
The company is expanding its rental portfolio and actively working towards increasing its commercial office portfolio. Brigade has a strong pipeline with approximately 12 million square feet of launches planned over the next four quarters. The company continues to focus on high-end and premium segments, with approximately 85% of presales above INR1 crore ticket size.
Source: BSE
