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Brigade Group Q1 profit surges 95% to ₹158 cr on strong residential sales
Further, the company's revenue from operations rose to Rs 1,281 crore in Q1 against Rs 1078 crore, up 18.87 per cent. On a sequential basis, it dropped 12.27 per cent.
'FY26 has begun on a strong note for Brigade Group, marked by consistent performance across all verticals. Our residential business continues to be a key growth driver, supported by a strong pipeline of launches across Bengaluru, Chennai and Hyderabad. The office segment has seen sustained momentum, with increased leasing activity. Furthermore, we remain focused on expanding our land bank and are actively pursuing high-quality parcels in strategic markets,' said Pavitra Shankar, Managing Director, Brigade Group.
Pre-sales for the quarter stood at Rs 1,118 crore, with a sales area of 0.95 million square feet. Real estate revenue rose 22per cent to Rs 892 crore, compared with Rs 733 crore in Q1 FY25. EBITDA for Q1 FY26 was Rs 103 crore, up 10 per cent year-on-year.
Moreover, net bookings in the real estate segment for Q1 FY26 stood at 0.95 million square feet. The average realisation was Rs 11,782 per square feet, marking a 24 per cent increase over Q1 FY25. Collections for the quarter totalled Rs 1,728 crore.
Looking ahead, Brigade said it has a robust pipeline of about 16 million square feet of new launches in the residential and commercial segments, along with plans to add 1,700 keys in its hotel portfolio.
Additionally, with a land bank of 60 million square feet., the company expects to strengthen its growth trajectory. Additionally, ICRA has upgraded Brigade's credit rating to AA (Stable).
The portfolio occupancy of 92 per cent was achieved from the overall operating lease portfolio of 9.38 million square feet during the quarter. Leasing revenue stood at Rs 300 crore, a growth of 15 per cent over Q1 FY25. EBITDA stood at Rs 224 crore, a growth of 13 per cent over previous year's same quarter. Brigade's Facilities Management vertical manages around 16 million square feet.
Brigade Hotel Ventures Limited, a subsidiary of Brigade Enterprises Limited, launched an Rs 885.60 crore Initial Public Offering (including a Rs 126 crore pre-IPO placement). Hospitality revenue in Q1 FY26 stood at Rs 141 crore, up 19 per cent from Q1 FY25, while EBITDA rose 34 per cent to Rs 48 crore.
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