Share price of the stock moved up by nearly 5.2 percent on BSE to hit an intraday high at Rs. 1,300 in the trading session of Friday, compared to its previous closing price of Rs. 1,235.25.
With a market capitalisation of Rs. 29,686 crore, the shares of Brigade Enterprises Limited closed in the green at Rs. 1,284.55, up by 4 percent.
Established in 1986, Brigade Enterprises Ltd. is one of India’s leading property developers operating in segments like real estate, hospitality and leasing.
Brigade Enterprises has received projects totalling around Rs. 1,720 crore since April 2024. Here are all the details about the projects received by the company including the dates, amounts, clients and other relevant information, as per the filings on the stock exchanges.
3rd April – project worth Rs. 340 crore
Brigade Group signed a Joint Development Agreement with United Oxygen Company Private Limited to develop a ‘Grade A’ office space on ITPL Road, Whitefield in East Bengaluru.
The project will have a leasable area of 3 lakh square feet and a Gross Development Value (GDV) of around Rs. 340 crores.
9th May – project worth Rs. 660 crore
The company signed a definitive agreement for a prime land parcel located on Old Madras Road, Bengaluru.
The project is spread across 4.6 acres, and the total development potential of the residential project will be around 0.69 million Sqft with a Gross Development Value of Rs. 660 crore.
23rd May – project worth Rs. 720 crore
Brigade Group has signed a Joint Development Agreement (JDA) to develop a residential project spread across 6.9 acres with a total development potential of around 0.8 Mn Sqft and a Gross Development Value of Rs. 720 crore.
The main USP of the project is its proximity to micro-markets like Indiranagar and Whitefield, in addition to good connectivity to other important parts of the city.
In terms of financials, the revenue from operations grew by around 102
percent from Rs. 842.6 crore in Q4 FY22-23 to Rs. 1,702.4 crore in Q4 FY23-24, accompanied by an increase in the net profit of 234.7 percent from Rs. 63 crore to Rs. 210.86 crore, during the same period.
The company has delivered about 57 percent of positive returns in the last six months, whereas nearly 127.6 percent of multibagger returns in the last one year. So far in 2024, it has given around 43 percent of positive returns.
Written by Shivani Singh
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