Brigade Enterprises has released its investor presentation for Q2 FY26, showcasing a robust performance. The company reported presales of INR 2,034 Cr, a 12% increase over Q2 FY25. The leasing segment also performed well, with revenue reaching INR 341 Cr, up 17% year-over-year. The hospitality sector continued its steady growth, with revenue of INR 138 Cr, representing a 16% increase.
Key Financial Highlights
Brigade Enterprises demonstrated strong financial results in Q2 FY26, as indicated in the investor presentation. Key highlights include:
- Presales achieved: INR 2,034 Cr, a 12% increase compared to Q2 FY25.
- Presales volume: 1.90 mn sft, representing a 13% growth over the same period last year.
- Average realization: INR 12,236/sft, excluding plotted development, showing a 13% year-over-year increase.
Leasing Performance
The leasing segment maintained a high occupancy rate and revenue growth:
- Occupancy: 92% consistent occupancy across the leasing portfolio.
- Leasing revenue: INR 341 Cr, a 17% increase compared to Q2 FY25.
- Retail segment: Recorded an 8% year-over-year growth in footfall during Q2 FY26.
Hospitality Sector Growth
Brigade Hotels continued its steady growth trajectory, achieving the following:
- Hospitality revenue: INR 138 Cr, a 16% increase compared to Q2 FY25, with an EBITDA of INR 42 Cr.
- Portfolio ARR: Stood at INR 7,106, up by 14% compared to the previous year.
- Portfolio occupancy: Reached 76% during the quarter.
ESG Initiatives
Brigade Enterprises is focusing on Environmental, Social, and Governance (ESG) initiatives. Noteworthy points include:
- Secured a score of 92 with a 3-Star rating in the GRESB ESG assessment for FY 2024-25.
- Integrating ESG elements into overall Enterprise Risk Management (ERM).
- Progressing towards NetZero-C target setting.
Land Bank Details
- Total Land Area : 571 acres
- Total cost of Land : INR 4,792 Cr
Source: BSE