Brigade Enterprises reports a 33.41% increase in first-quarter profit driven by higher realisations and cost controls, despite a dip in overall revenue and residential pre-sales, and announces upcoming projects including a partnership with Bain Capital.
Brigade Enterprises has reported a sharp rise in first-quarter profit, even as revenue from operations fell, after stronger pricing and tighter cost control lifted margins. The Bengaluru-based developer said profit attributable to owners of the holding company rose 33.41% year on year to ₹200.41 crore in the first quarter of FY27.
The improvement was driven in part by a 21% rise in average realisation to ₹14,256 per square foot, according to the company. Total expenses fell 17.75% to ₹936.51 crore, helped by lower land purchase costs, including development rights, as well as reduced licence fees and plan approval charges. Earnings before interest, tax, depreciation and amortisation climbed 13.33% to ₹425 crore, with the margin widening to 36% from 28% a year earlier.
Revenue from operations declined 12.92% to ₹1,115.55 crore, dragged down by a 20.73% fall in real estate business revenue to ₹707 crore. By contrast, the leasing arm posted revenue of ₹328 crore, up 9%, while hospitality revenue edged up to ₹144 crore from ₹141 crore in the same quarter last year. Residential pre-sales fell 5.09% to ₹1,061 crore, with volume down 22.1% to 0.74 million square feet.
Managing director Pavitra Shankar said in a statement that the rise in realisations pointed to demand for well-designed projects in well-connected micro-markets. She added that Brigade was preparing nearly 12 million square feet of launches and highlighted a partnership with Bain Capital on a mixed-use project in Whitefield. As of June 2026, net debt stood at ₹2,218 crore, with a debt-to-equity ratio of 0.26 times. The company’s land bank covered 543 acres valued at ₹4,672 crore, while Brigade’s shares closed at ₹589.70 on the BSE on Thursday.
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