Latest news with #BrigadeEnterprises
Business Standard
4 days ago
- Business
- Business Standard
Brigade Ent rises after subsidiary sets up Auraterra Developers LLP
Brigade Enterprises rose 1.02% to Rs 1,275.45 after the company's wholly owned subsidiary, Brigade Tetrarch has announced the incorporation of a Limited Liability Partnership (LLP) named Auraterra Developers LLP. The newly formed LLP has an initial capital contribution of Rs 99,990 and will be engaged in the development of real estate projects, the company said in a regulatory filing. This move is part of Brigade Groups continued expansion into the real estate development space through its subsidiaries and associated entities. The incorporation of a new Limited Liability Partnership (LLP), Auraterra Developers LLP, with a total capital contribution of Rs 1,00,000. The LLP is newly incorporated and currently has no turnover. The acquisition of interest in Auraterra Developers LLP falls under related party transactions, as Brigade Tetrarch Private Limited, a wholly owned subsidiary of Brigade Enterprises, is a designated partner in the LLP. Brigade Tetrarch holds a 99.99% stake in Auraterra Developers LLP through capital contribution. This strategic step is part of Brigades broader plans to expand its footprint in the real estate sector through new development partnerships and entities. Brigade Enterprises is one of Indias leading property developers. The company has developed properties in cities like Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Gift City-Gujarat, Thiruvananthapuram, Mangaluru and Chikkamagaluru with developments across residential, office, retail and hotels. Brigade Enterprises reported 19.76% jump in consolidated net profit to Rs 246.82 crore in Q4 FY25 as against Rs 206.09 crore reported in Q4 FY24. However, revenue from operations fell 14.21% year-on-year (YoY) to Rs 1,460.39 crore in the quarter ended 31 March 2025.
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Business Standard
6 days ago
- Business
- Business Standard
Brigade Enterprises, Cochin Shipyard among top picks recommended by analyst
Stocks to buy: Brigade Enterprises has given a breakout from a falling parallel channel pattern, indicating a potential trend reversal Stocks recommendations: Brigade Enterprises Ltd Brigade Enterprises has given a breakout from a falling parallel channel pattern, indicating a potential trend reversal. The stock is currently trading above all major Exponential Moving Averages (EMAs), which reflects a strong bullish undertone. A notable increase in volume on the breakout day suggests active participation from buyers, indicating strong demand and conviction in the upward move. The Relative Strength Index (RSI) has also broken out above its resistance level, confirming strength in momentum and supporting the ongoing price action. Furthermore, the MACD line has crossed above the signal line, reinforcing the bullish outlook and suggesting the potential for further upside in the near term. Cochin Shipyard Ltd Cochin Shipyard has resumed its upward movement following a successful throwback, confirming the strength of the breakout. The stock is forming a Higher High–Higher Low structure, ₹which is a classic indication of an ongoing uptrend. Additionally, volumes have been steadily rising since the throwback, signaling sustained buying interest and investor confidence in the current rally. The Relative Strength Index (RSI) is trading in a higher range, further supporting the bullish momentum and indicating strength in the ongoing trend. Cochin Shipyard: ₹2,016.8 Stop-loss: ₹1,700 Target price: ₹2,500/₹2,700 Ideaforge Technology Ltd Ideaforge has completed its subwave 4 corrections and has now entered into the fifth pulsive wave, signaling the continuation of its primary uptrend. The stock has taken support at the 20-day Exponential Moving Average (EMA) and bounced back, indicating that the 20 EMA is acting as a strong dynamic support level. An increase in volume during buying sessions reflects growing buyer confidence and accumulation at current levels. Moreover, the Relative Strength Index (RSI) has reversed from the throwback phase and is now trending upward, further confirming the bullish momentum. Idea Forge: ₹561.20 Stop-loss: ₹496
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Business Standard
17-05-2025
- Business
- Business Standard
Brigade Enterprises' property sales rise 31% to ₹7,847cr in FY 2024-25
As per the presentation, out of the total pre-sales in 2024-25, Brigade Enterprises sold residential properties worth Rs 7,567 crore and commercial properties valuing Rs 280 crore Press Trust of India New Delhi Realty firm Brigade Enterprises sold properties worth Rs 7,847 crore last fiscal, an annual increase of 31 per cent, on better demand for its residential properties. In its latest investors presentation, Bengaluru-based Brigade Enterprises said that the company achieved "pre-sales of Rs 7,847 crore in FY25, a growth of 31 per cent over FY24". Its sales bookings or pre-sales stood at Rs 6,013 crore in the 2023-24 financial year. As per the presentation, out of the total pre-sales in 2024-25, Brigade Enterprises sold residential properties worth Rs 7,567 crore and commercial properties valuing Rs 280 crore. Its pre-sales volume for 2024-25 stood at 7.05 million square feet. The average realization stood at Rs 11,138 per square foot during 2024-25, an increase of 40 per cent over FY24, driven by the launch of premium projects. The company launched the highest-ever area of 9.5 mn square feet comprising 11 projects in the last fiscal. On Wednesday, Brigade Enterprises reported an 18 per cent increase in consolidated net profit to Rs 249.35 crore for the March quarter. Its net profit stood at Rs 210.86 crore in the year-ago period. Total income, however, fell to Rs 1,532.29 crore in the March quarter of the previous fiscal year from Rs 1,762.62 crore in the year-ago period. During the 2024-25 fiscal year, the company's net profit rose to Rs 680.47 crore from Rs 401.04 crore in the preceding year. Total income rose to Rs 5,313.54 crore in the last fiscal year from Rs 5,064.15 crore in the 2023-24 financial year. Brigade Enterprises is one of the leading real estate developers in the country. It has a significant presence in South India. The company develops residential, office, shopping mall and hotel projects. Brigade plans to list its hospitality venture on stock exchanges and has already filed a Draft Red Herring Prospectus (DRHP) with markets regulator SEBI to launch an Initial Public offering (IPO).
Time of India
17-05-2025
- Business
- Time of India
Brigade Enterprises sells properties worth Rs 7847cr last fiscal, up 31% annually
Realty firm Brigade Enterprises sold properties worth Rs 7,847 crore last fiscal, an annual increase of 31 per cent, on better demand for its residential properties . In its latest investors presentation , Bengaluru-based Brigade Enterprises said that the company achieved "pre-sales of Rs 7,847 crore in FY25, a growth of 31 per cent over FY24". Its sales bookings or pre-sales stood at Rs 6,013 crore in the 2023-24 financial year. As per the presentation, out of the total pre-sales in 2024-25, Brigade Enterprises sold residential properties worth Rs 7,567 crore and commercial properties valuing Rs 280 crore. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like In Berlin tragen Seniorinnen jetzt diese Sandalen PODOergo Undo Its pre-sales volume for 2024-25 stood at 7.05 million square feet. The average realization stood at Rs 11,138 per square foot during 2024-25, an increase of 40 per cent over FY24, driven by the launch of premium projects. Live Events The company launched the highest-ever area of 9.5 mn square feet comprising 11 projects in the last fiscal. On Wednesday, Brigade Enterprises reported an 18 per cent increase in consolidated net profit to Rs 249.35 crore for the March quarter. Its net profit stood at Rs 210.86 crore in the year-ago period. Total income, however, fell to Rs 1,532.29 crore in the March quarter of the previous fiscal year from Rs 1,762.62 crore in the year-ago period. During the 2024-25 fiscal year, the company's net profit rose to Rs 680.47 crore from Rs 401.04 crore in the preceding year. Total income rose to Rs 5,313.54 crore in the last fiscal year from Rs 5,064.15 crore in the 2023-24 financial year. Brigade Enterprises is one of the leading real estate developers in the country. It has a significant presence in South India . The company develops residential, office, shopping mall and hotel projects. Brigade plans to list its hospitality venture on stock exchanges and has already filed a Draft Red Herring Prospectus ( DRHP ) with markets regulator SEBI to launch an Initial Public offering ( IPO ).
Yahoo
16-05-2025
- Business
- Yahoo
Brigade Enterprises Ltd (BOM:532929) Q4 2025 Earnings Call Highlights: Record Sales and ...
Pre-Sales Volume: 7.05 million square feet with an average realization of INR11,138 per square foot, a 40% increase over the previous year. Pre-Sale Value: INR7,847 crore, a 31% increase over the previous year. Collections: INR7,250 crore, reflecting a 23% year-on-year growth. Leasing Revenue: INR1,165 crore, a growth of 24% over FY24. Consolidated Revenue: INR5,314 crore for FY25. Consolidated EBITDA: INR1,654 crore, an increase of 21% over FY24. EBITDA Margin: 31% for FY25. Consolidated PAT: INR686 crore, an increase of 52% over FY24. Net Cash Flow from Operating Activities: INR2,135 crore, an increase of 36% over FY24. Gross Debt: INR4,444 crore as of March 31, 2025. Cash and Cash Equivalents: INR3,483 crore as of March 31, 2025. Net Debt: INR962 crore as of March 31, 2025. Debt Equity Ratio: 0.14% as of March 31, 2025, compared to 0.62% in March 2024. Warning! GuruFocus has detected 5 Warning Signs with BOM:532929. Release Date: May 15, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Brigade Enterprises Ltd (BOM:532929) reported its highest ever real estate sales value of INR7,847 crore for FY25, marking a 31% growth over FY24. The company achieved a landmark completion of 100 million square feet of development across projects since inception. The leasing segment recorded a revenue of INR1,165 crore in FY25, a growth of 24% over FY24. Brigade Enterprises Ltd maintained zero residential debt across the group, driven by robust sales and collections. The company has a robust pipeline for FY26, with about 16 million square feet of development planned across residential, commercial, and hospitality segments. The real estate segment's pre-sales volume for FY25 was down 7% year-on-year, despite the increase in sales value. There is a concern about the IT ITS sector slowdown, which could impact demand in key markets like Bangalore. The company faces a delay in project approval cycles, adding about two months compared to two years ago. The absorption rate of new launches was around 40%, which is lower than the pre-COVID levels of 25%-30%. The company is experiencing a moderation in sales velocity, with April showing a slowdown compared to previous months. Q: What was the contribution of new launches to this year's pre-sales of INR7,800 crore? A: Pavitra Shankar, Managing Director, stated that 54% of the total sales came from new launches. Q: How does the sales velocity in Chennai compare to Bangalore, and can the market absorb high-priced products? A: Pavitra Shankar explained that Chennai's market is different from Bangalore's, with a slower sales velocity. However, the land parcels in Chennai are high-quality and well-located, justifying the premium pricing. Q: What is the embedded EBITDA margin in the pre-sales for FY25? A: Mysore Jaishankar, Executive Chairman, mentioned that they aim to maintain EBITDA margins similar to this year's, targeting around 30% or more, depending on market conditions. Q: How are the launches for FY26 distributed across different markets? A: Pavitra Shankar noted that 12 million square feet are planned, with approximately 5.5 million in Chennai, 5.5 million in Bangalore, and 1 million in Hyderabad. Q: What is the expected growth in sales value and volume for FY26? A: Pavitra Shankar expects double-digit growth in sales value, with efforts to increase both area and value, although specific percentages are hard to predict. Q: How is the leasing progress for Brigade Twin Towers? A: Pavitra Shankar stated that about 30% of the project has been leased or sold, with one tower reserved for leasing clients. They aim to complete leasing by the fiscal year-end. Q: What is the impact of IT/ITES sector on Brigade's sales? A: Mysore Jaishankar highlighted that around 60-65% of their customers are from tech backgrounds, reflecting the strong demand from the IT/ITES sector, especially with the growth of GCCs. Q: What are the plans for expanding beyond the southern markets? A: Mysore Jaishankar indicated that they might consider expanding to other cities like Mumbai or NCR in FY26, depending on market conditions and opportunities. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
