The shares of this real estate company based in Bengaluru, came into focus on Monday after the announcement of expansion plans of Rs 1500 crore in Kerala.
Stock Performance
With a market capitalization of Rs 24,461.90 crore, Brigade Enterprises Ltd rose 1.3 percent in Monday’s trading session and made an intraday high of Rs 1022.40 per share compared to its previous closing price of Rs 1008.55 per share. The stock retraced from its day’s high and was trading at Rs 1001 which is 0.8 percent lower than the previous closing price.
What Happened
In an exchange filing, Brigade Group stated the submission of an EOI (Expression of Interest) to invest Rs 1,500 crore in Kerala at the Invest Kerala Global Summit 2025,in the presence of Shri Pinarayi Vijayan, Hon. Chief Minister of Kerala.
This plan can potentially provide employment for around 12,000 people over the next five years. The company proposes to set up its second World Trade Center (WTC) in Kerala, with the first being WTC Kochi. Additionally, Brigade is looking to start a residential project in Kochi and a luxury island resort at Vaikom. These projects are expected to be completed by 2030.
Company Overview
Brigade Enterprises Ltd is a Bengaluru-based real estate developer with operations across South India and other parts of the country. The company has ongoing projects of 22 msf during Q3 FY25 and upcoming projects of 11.87 msf to be completed within the next four quarters.
Brigade has developed space across residential, commercial, retail, and hospitality sectors in Bengaluru, Mysuru, Chennai, Ahmedabad, Hyderabad, and Kochi.
Financial Performance
In the latest quarter, Brigade Enterprises reported a 25 percent YoY increase in its revenue from Rs 1,174 crore to Rs 1,464 crore. On a quarterly basis however, there was a 37 percent increase from Rs 1,072 crore in Q2 FY25.
The net profits skyrocketed 321 percent YoY from Rs 56 crore to Rs 236 crore. This was accompanied by a 105 percent QoQ increase from Rs 115 crore in Q2 FY25.
Industry Outlook
India’s real estate market is entering a transformative phase, with 2025 expected to reshape its growth trajectory. The sector is projected to contribute to 13 percent of the GDP by 2025 which will rise to 18 percent by 2047. This is in line with India’s projected $26 trillion GDP by its 100th year of the country’s independence.
Written by Shwetha Sairam
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses
