Brigade Q4 profit up 20% at ₹206 crore

Real estate major Brigade Enterprises Ltd. reported a consolidated net profit of ₹206 crore for the fourth quarter of FY24, marking a 20% year-on-year increase. However, the company’s revenue for the quarter declined by 14 per cent to ₹1,460 crore.

For the full financial year net profit surged to ₹680 crore, representing a significant 69 per cent year-on-year growth. Annual revenue stood at ₹5,314 crore, up 5 per cent compared to the previous year.

Commenting on the company’s performance, Pavitra Shankar, Managing Director, Brigade Enterprises Ltd. said, “FY25 has been a landmark year for Brigade Group, with meaningful contributions across our businesses. The consistent demand has fuelled our expansion, and with a strong pipeline of 26 mn sq ft of ongoing projects and approximately 15 million sq ft of upcoming developments, we are confident that we can maintain this momentum in the coming quarters as well. Furthermore, as of March 31, 2025, Brigade has achieved a significant milestone—successfully delivering 100 mn sq ft of built-up space across all its projects since inception. ”

The company reported total sales volume of 7.05 million square feet during FY25. Collections for the year stood at ₹7,250 crore, up 23 per cent from FY24. Brigade’s leasing business posted healthy gains, with revenue growing 24 per cent to ₹1,165 crore, up from ₹938 crore in the previous year. Meanwhile, retail consumption across its portfolio grew by 4 per cent year-on-year, underscoring steady demand across segments.

Brigade’s shares closed at ₹1091.45 on the BSE on Wednesday. The company has recommended a final dividend of ₹ 2.5/- per equity share for the Financial Year 2024-25.

(With inputs from BL intern Rohan Das)

Published on May 14, 2025