Brigade Enterprises Reports Strong Q3 FY 2024-25 Performance, Net Profit Surges 322% YoY

Bengaluru, India – January 29, 2025​

Brigade Enterprises Limited (NSE: BRIGADE, BSE: 532929) has announced robust financial results for the third quarter (Q3) and nine months (9M) ended December 31, 2024, reporting record revenue, increased profitability, and strong operational growth across all business verticals.

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Key Financial Highlights (Consolidated Results)​

Quarterly Performance (Q3 FY 2024-25 vs Q3 FY 2023-24)​

• Revenue from Operations: ₹1,46,394 lakh (₹1,464 crore), up 24.7% YoY from ₹1,17,377 lakh.
• Total Income: ₹1,52,968 lakh (₹1,529 crore), up 26.6% YoY from ₹1,20,818 lakh.
• EBITDA: ₹40,174 lakh (₹401.7 crore), up 75.7% YoY.
• Profit Before Tax (PBT): ₹28,884 lakh (₹288.8 crore), up 263.6% YoY from ₹7,946 lakh.
• Net Profit (PAT): ₹23,552 lakh (₹235.5 crore), a massive 322% YoY increase from ₹5,579 lakh.
• Earnings Per Share (EPS): ₹9.98, compared to ₹3.18 in Q3 FY24.

Nine-Month Performance (9M FY 2024-25 vs 9M FY 2023-24)​

• Total Revenue: ₹3,61,382 lakh (₹3,613 crore), up 13.1% YoY.
• PBT: ₹56,363 lakh (₹563.6 crore), up 94.4% YoY from ₹28,985 lakh.
• Net Profit: ₹43,113 lakh (₹431.1 crore), more than double YoY from ₹19,018 lakh.
• EPS (9M FY25): ₹18.54, up from ₹10.64 in 9M FY24.

Brigade Enterprises delivered its highest-ever quarterly net profit, driven by strong real estate sales, improved leasing revenues, and a revival in the hospitality segment.

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Business Segment Performance​

✔ Real Estate segment led growth, contributing 72% of total revenue.
✔ Leasing revenues saw steady growth, driven by higher occupancy rates & rental escalations.
✔ Hospitality segment rebounded strongly, with higher room rates & occupancy levels.

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Operational Efficiency & Cost Management​

• EBITDA Margin: 27.3%, up from 19.2% in Q3 FY24.
• Finance Costs: ₹114.32 crore, down 15.2% YoY, reflecting improved debt management.
• Depreciation & Amortization: ₹76.3 crore, consistent with asset expansion.
• Net Debt-to-Equity Ratio: 1.24x, maintaining healthy leverage levels.

Brigade Enterprises continues to optimize costs while sustaining high profitability & cash flow generation.

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Expansion & Strategic Developments​

✔ New Project Launches:

• Over 2.1 million sq. ft. of residential projects launched in Q3 FY25.
• Upcoming pipeline of 6.5 million sq. ft. in premium residential & commercial spaces.

✔ Real Estate Business Performance:

• ₹2,425 crore of pre-sales in 9M FY25, up 32% YoY.
• Highest-ever quarterly residential sales volume of 1.9 million sq. ft.

✔ Leasing & Commercial Growth:

• 90%+ occupancy levels across commercial portfolio.
• New tenants signed in key IT hubs, boosting annuity income.

✔ Hospitality Sector Recovery:

• Strong RevPAR growth, driven by business & leisure demand.
• New hotel openings planned for FY26 to capitalize on India’s tourism boom.

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Corporate Governance & Board Updates​

• Appointment of Ms. Padmaja Chunduru as Independent Director (2025-2030).
• Reconstitution of Board Committees, including Audit, Nomination, & Risk Management.

✔ Strengthens corporate leadership & governance structure.

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Market Outlook & Growth Strategy​

Brigade Enterprises is well-positioned for sustained long-term growth, supported by:
✔ Continued demand for residential & commercial real estate.
✔ Strategic expansion in Tier-1 & Tier-2 cities.
✔ Robust leasing portfolio ensuring stable annuity income.
✔ Hospitality segment recovery with higher occupancy & RevPAR growth.
✔ Strong financial position enabling new investments & acquisitions.

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Conclusion​

Brigade Enterprises has delivered record profits & strong revenue growth in Q3 FY 2024-25, backed by higher real estate sales, leasing income, and hospitality sector revival. With a healthy pipeline of new projects, strategic expansions, and a solid balance sheet, the company is well-poised for continued success.