New Delhi, May 17 — Real estate major Brigade Enterprises posted a robust 31 percent year-on-year growth in property pre-sales for the financial year 2024-25 (FY25), clocking ₹7,847 crore, largely powered by strong demand in the residential segment.
Residential Segment Leads with ₹7,567 Crore in Sales
According to its latest investor presentation, the Bengaluru-headquartered firm recorded pre-sales of ₹7,847 crore in FY25, up from ₹6,013 crore in FY24. Residential properties alone contributed ₹7,567 crore to the tally, while commercial property sales accounted for ₹280 crore.The total pre-sales volume stood at 7.05 million square feet, with an average realization of ₹11,138 per sq ft, marking a 40 percent increase over the previous year, propelled by premium project launches.
Record Launches in FY25
Brigade launched its highest-ever development area of 9.5 million square feet across 11 new projects during the fiscal year, further strengthening its footprint in South India.Q4 Performance: Profit Up 18%, Revenue Down
For the January–March quarter of FY25, the company posted an 18 percent increase in consolidated net profit at ₹249.35 crore, compared to ₹210.86 crore in the same period last year. However, total income dipped to ₹1,532.29 crore from ₹1,762.62 crore.FY25 Annual Financials: Net Profit Jumps 70%
For the full fiscal year 2024-25, Brigade Enterprises reported a net profit of ₹680.47 crore, a 70 percent rise from ₹401.04 crore in FY24. Total income also grew to ₹5,313.54 crore, up from ₹5,064.15 crore the year before.Upcoming IPO in Hospitality Sector
In a significant development, Brigade has filed a Draft Red Herring Prospectus (DRHP) with SEBI to take its hospitality business public via an Initial Public Offering (IPO). The move aims to unlock value from its growing hospitality portfolio, which includes hotels and serviced apartments.Brigade Enterprises remains a key player in India’s real estate landscape, with diversified interests spanning residential, office, retail, and hospitality developments.
