India · Delayed Price · Currency is INR Brigade Enterprises Earnings Call Transcripts
Fiscal Year 2027
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Q1 FY 2027 saw steady revenue and margin growth, with strong realization per sq ft and robust commercial and retail performance. Launch delays impacted residential sales, but guidance for INR 9,000 crores pre-sales is maintained, supported by a strong pipeline and healthy cash flows.
Fiscal Year 2026
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FY 2026 delivered 11% revenue growth and resilient segment performance despite approval delays, with Q4 pre-sales rebounding 44% sequentially. FY 2027 targets 20% pre-sales growth, robust launch pipelines, and continued expansion in commercial and hospitality segments.
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Q3 FY 2026 saw steady growth across all segments, with revenue up 6% YoY and strong pre-sales in premium housing. Approval delays impacted launches, but a robust pipeline and improved certainty are expected to drive future growth.
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Q2 FY2026 delivered strong growth with 12% YoY pre-sales increase and 26% higher revenue, driven by robust residential launches and high occupancy in leasing and hospitality. Management remains optimistic for H2, targeting up to INR 9,000 crore in pre-sales, contingent on timely project launches.
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Q1 FY 2026 saw 20% revenue growth, 95% PAT increase, and strong performance across real estate, leasing, and hospitality. Launch pipeline remains robust, with focus on South India and a 15%-20% sales growth target for FY 2026. Net debt-to-equity improved to 0.34.
Fiscal Year 2025
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Record FY 2025 with 31% pre-sales growth, 52% PAT increase, and robust expansion in Bangalore, Chennai, and Hyderabad. Outlook remains strong with a 16 million sq ft pipeline and double-digit growth targeted for FY 2026.
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Q3 FY 2025 delivered robust growth with 27% revenue and 62% EBITDA increases year-over-year, driven by strong residential pre-sales, successful premium project launches, and resilient leasing and retail segments. Liquidity remains strong, with a low net debt and a healthy launch pipeline.
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Q2 FY25 saw strong pre-sales and collections, robust leasing with 98% occupancy, and record operational cash flow. Approval delays may impact Q3 launches, but a strong pipeline and liquidity position support continued growth.
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Q1 FY25 saw robust real estate sales, record price realization, and strong leasing and hospitality performance. New launches and premiumization drove growth, while launches are expected to be second-half weighted due to approval timelines.