India · Delayed Price · Currency is INR Brigade Enterprises Earnings Call Transcripts
Fiscal Year 2026
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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.