Brigade Enterprises reported a 28.7% year-on-year increase in consolidated net profit to ₹218.8 crore in the second quarter of FY27. Lower expenses helped the firm as revenue fell 13.5% to ₹1,196.36 crore. Managing Director Pavitra Shankar said, "Residential continues to drive growth, underpinned by sustained demand and a strong project pipeline."
Brigade Enterprises' September-quarter profit increased as lower expenses and stronger margins offset a decline in revenue, while leasing and hospitality businesses reported higher segment earnings.
Brigade Enterprises reported a 28.7% year-on-year increase in consolidated net profit to ₹218.8 crore in the second quarter of FY27, compared with ₹170 crore in the corresponding quarter last year.
Revenue from operations declined 13.5% to ₹1,196.36 crore from ₹1,383.37 crore a year earlier. Earnings before interest, tax, depreciation and amortisation (EBITDA), a measure of operating profit, rose 29.6% to ₹425 crore from ₹328 crore.
The EBITDA margin expanded to 35.5% from 24% in the year-ago quarter, while total expenses fell 22% to ₹962.31 crore from ₹1,234.06 crore.
Total income, including other income, stood at ₹1,249.99 crore, compared with ₹1,429.86 crore a year earlier.
Managing Director Pavitra Shankar said residential real estate continued to drive growth, supported by sustained demand and a strong project pipeline.
"Residential continues to drive growth, underpinned by sustained demand and a strong project pipeline. Customers are increasingly prioritising quality, location, larger homes and better amenities, and we continue to see resilient demand across the mid and premium segments. The festive period has further strengthened customer engagement across our residential and retail businesses," Shankar said.
Real estate revenue falls, leasing and hospitality earnings rise
In the real estate segment, revenue declined to ₹720.19 crore from ₹1,020.31 crore a year earlier. However, segment results increased to ₹126.70 crore from ₹116.65 crore.
Leasing revenue stood at ₹325.59 crore, compared with ₹343.41 crore in Q2FY26, while segment results rose to ₹246.96 crore from ₹193.67 crore.
Hospitality revenue increased to ₹154.62 crore from ₹141.33 crore, with segment results rising to ₹35.01 crore from ₹23.86 crore.
Brigade Enterprises reported real estate EBITDA of ₹175 crore, up 59% year-on-year, with a margin of 23%. Leasing EBITDA rose 9% to ₹242 crore, with a margin of 74%, while hospitality EBITDA increased 41% to ₹59 crore, with a margin of 37%.
Brigade Enterprises Q2 sequential performance
On a quarter-on-quarter basis, consolidated profit attributable to owners of the company rose 0.9% to ₹200.41 crore from ₹193.60 crore in the June quarter.
Revenue from operations increased 7.2% to ₹1,196.36 crore from ₹1,115.55 crore, while total expenses rose 2.8% to ₹962.31 crore from ₹936.51 crore.
The company launched projects spanning 2.4 million square feet during the quarter, with a gross development value of approximately ₹3,000 crore.
In its leasing business, two completed projects -- Brigade Square and Arcadia at Brigade Cornerstone Utopia -- added 0.27 million square feet of leasable space. Leasing occupancy stood at 90% as of September 2026.
Shares of Brigade Enterprises ended 1.41% lower at ₹530.75 on October 29, declining ₹7.60 during the session.