Brigade Enterprises’ stocks will keep paying attention on Thursday, 30th January, after the company declared the PAT figure of Rs 236 crore, which is three hundred and twenty-one percent YoY growth for the third quarter that ended on December twenty-four.
The PAT was at a mere Rs 56 crore for the comparable period of the previous fiscal.
However, the growth of the company in the last quarter was better as the overall revenues in Q3 FY25 increased by 27% and Rs 1,530 Crores against Rs 1,208 Crores of Q3 FY24, and the EBITDA was Rs 479 Crores of Q3 FY25 against Rs 296 Crores of Q3 FY 24 that witnessed the growth of 62%.
During the quarter, Brigade’s India property sales were Rs 2492 crore in Q3 FY25, up by 63% compared to Q3 FY 24, and Q3 India collection was Rs 1777 crore, up by 27% from the year-ago period.
Here is what the segmental analysis of the company looked like:
Real Estate
For real estate, the firm earned Rs 1,103 crore of revenue during the quarter, which depicted 31% YoY growth over Q3 FY24 and EBITDA of Rs 258 crore. The top line was Q3 FY25 sale volume of 2,19,128 sq ft at Rs 2492 crores. Real Estate Collections were Rs 1323 crore, a rise of 36 % from Rs 974 crore in Q3 FY 24.
Leasing
For the quarter, the company achieved revenue of Rs 280 crore, which was 13% higher compared to the Q3 FY24, and the EBITDA was Rs 169 crore. Portfolio occupancy was maintained at 98%, with the total leasing space touching 8.55 million sq. ft., the latter including the hard option.
“All business divisions in the company have registered impressive growth during the quarter that we have chosen.” In the context of the residential business, there is growth in both the pricing as well as volume due to new launches of premium projects and a good number of launches expected in the next 2-3 quarters.