Brigade Enterprises reported strong Q2 FY26 results with revenue up 26% to ₹1,430 crores and a consolidated PAT of ₹170 crores, a 48% increase. Presales reached ₹2,034 crores, a 12% rise. Residential debt is zero due to robust sales. The company plans approximately 11 million sq ft of residential launches across multiple cities. Occupancy stood at 92% with an overall leasing of 8.67 million sq ft.
Financial Performance
Q2 FY26 saw a revenue increase of 26%, reaching ₹1,430 crores, with an EBITDA of ₹375 crores. The EBITDA margin was 26%. Consolidated PAT reached ₹170 crores, up 48%. Presales in the real estate segment totaled ₹2,034 crores, a 12% increase with presales volume at 1.90 million sq ft, a 13% growth.
Segment Performance
The Real Estate segment’s turnover was ₹951 crores, up 31%. The Leasing segment generated ₹341 crores in revenue, a 17% increase. The Hospitality segment achieved a turnover of ₹138 crores, a 16% increase.
H1 FY26 Highlights
Consolidated revenue for the first half of the fiscal year reached ₹2,763 crores, up 23%, with an EBITDA of ₹750 crores and an EBITDA margin of 27%. Consolidated PAT was ₹328 crores, a 67% increase.
Debt and Liquidity
The group maintains adequate liquidity with undrawn credit lines. The average cost of debt reduced by 20 bps to 8.05% as of September 2025. Gross debt stood at ₹4,291 crores, with cash and equivalents at ₹2,574 crores, resulting in a net debt of ₹1,717 crores.
Leasing and Retail
Portfolio occupancy stands at 92%, with 8.67 million sq ft leased. 4,22,000 sq ft of office space was transacted this quarter. Technology, engineering, and manufacturing sectors drove demand, contributing 60% of leasing activity. Notable retail openings include South India’s first LEGO certified store, UNIQLO, and Victoria’s Secret.
Hospitality
The hospitality portfolio showed steady growth. Portfolio ARR (Average Room Rate) stood at ₹7,106 during Q2 FY26, a 14% increase. Portfolio occupancy was 76%.
Future Outlook
The company has approximately 11 million sq ft of residential launches planned for the next 4 quarters across Bengaluru, Chennai, Hyderabad and Mysuru. A mixed-use development in North Bangalore is potentially a Q4 launch.
Source: BSE
