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Brigade Enterprises' consolidated net profit nearly doubled to INR 158 crore in Q1 FY26, up 95% from INR 83.72 crore a year earlier, driven by strong residential sales and its successful INR 885.6 crore IPO. Total income rose 19% to INR 1,332.86 crore. Pre-sales hit INR 1,118 crore for 0.95 million sq ft, with average realisation per sq ft up 24% to INR 11,782. Leasing revenue grew 15% to INR 300 crore with 92% occupancy, while hospitality revenue rose 19% to INR 141 crore. With 16 million sq ft in planned launches and 1,700 hotel keys, Brigade's market position was further boosted by an ICRA rating upgrade to AA (Stable).
A strong performance in residential sales and a successful Initial Public Offering (IPO) have propelled a profit surge for Brigade Enterprises. The Bengaluru-based company's consolidated net profit surged by 95% to INR 158 crore for the June quarter of fiscal year 2026. This is a notable increase from the INR 83.72 crore profit reported in the same period in the previous year. The company's total income also climbed by 19% to INR 1,332.86 crore, a significant rise from the INR 1,113.44 crore recorded in the year-ago quarter. Advertisement
The company, which was established in 1986, is a leading real estate developer with a presence in several cities, including Bengaluru, Chennai, and Hyderabad. Its portfolio spans residential, office, retail, hospitality, and education sectors. Pavitra Shankar, the Managing Director of Brigade Group, stated that the company's residential business continues to be a key growth driver, supported by a strong launch pipeline across its core markets.
Pre-sales for the quarter reached INR 1,118 crore, covering a sales area of 0.95 million square feet. The average realization per square foot saw a 24% increase to INR 11,782, indicating strong demand and pricing power. In addition to residential sales, the company also posted healthy growth in its leasing and hospitality segments. Revenue from the company's operating lease portfolio grew by 15% to INR 300 crore, with a 92% occupancy rate. The hospitality segment's revenue saw a 19% year-on-year increase to INR 141 crore, with its pre-tax profit rising by 34% to INR 48 crore.
The company's subsidiary, Brigade Hotel Ventures, recently launched an IPO of INR 885.60 crore. Brigade also has a pipeline of about 16 million square feet of new launches and plans to add 1,700 hotel keys. This robust performance, along with a credit rating upgrade by ICRA to AA (Stable), highlights Brigade's position in India's real estate market and its commitment to continued growth.
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