A leading real estate developer, renowned for its premium residential and commercial projects across major Indian cities, has delivered exceptional financial performance in the latest quarter. The company’s remarkable growth trajectory is highlighted by a staggering 321% year-over-year profit surge and substantial revenue growth, demonstrating strong operational efficiency and market demand for its properties.
Share Price Movement
The share price of Brigade Enterprises Limited went up 8 percent to Rs. 1,182 per share on Thursday, an increase from its previous close of Rs. 1,093.05 per share. The market capitalisation now stands at approximately Rs. 27,286 crore as of January 30, 2025.
Management Update
The company decided to appoint Ms. Padmaja Chunduru as an additional director in the category of Non-Executive Independent Director for a consecutive period of five years, starting from January 29, 2025, until January 28, 2030. This appointment was recommended by the Nomination & Remuneration Committee and requires approval from the shareholders through a postal ballot.
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Q3 – Financial Highlights
In Q3FY25, the company reported a revenue of Rs. 1,464 crore, reflecting a 24.7% YoY growth from Rs. 1,174 crore in Q3FY24 and a 36.5% QoQ increase from Rs. 1,072 crore in Q2FY25.
Profit surged to Rs. 236 crore, marking a 321% YoY growth from Rs. 56 crore in Q3FY24 and a 104.3% QoQ rise from Rs. 115 crore in Q2FY25. EBITDA jumped 57.88% to Rs. 413.7 crore from Rs. 262 crore, with the margin expanding to 28.3% from 22.3%.
Competitors
Brigade Enterprises faces competition from DLF Ltd, Godrej Properties Ltd, Macrotech Developers Ltd (Lodha), Oberoi Realty Ltd, and Prestige Estates Projects Ltd.
Brigade Enterprises has a P/E of 57.96, which is higher than the industry P/E of 34.42.
Market Outlook
The real estate industry in India plays a vital role in the economy, contributing significantly to employment and nation-building. With government reforms, including RERA, GST, and affordable housing pushes, the sector is thriving. Major cities like Delhi NCR, Mumbai, and Bengaluru are seeing strong growth, with a notable rise in demand for residential, office spaces, and industrial properties. 2023 saw record sales and leasing, driven by strong consumer confidence and government support, signalling a resilient and expanding real estate market.
Written By Fazal Ul Vahab C H
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