This small-cap stock opened 8 percent higher and reached its 52-week high of Rs 750.2 per share after it released its earnings report on 08 November 2023.
Net revenue of Brigade Enterprise rose 55.4 percent YoY from Rs 879.24 crores Q2FY23 to Rs 1366.58 crores Q2FY24. On a QoQ basis, their revenue rose by 109 percent from Rs 653.97 crores in Q1FY24.
Similarly, their net profit increased 117.39 percent YoY from Rs 51.75 crore Q2FY23 to Rs 112.5 crore Q2FY24. On a sequential basis, their net profit rose by 414 percent from Rs 21.89 crore Q1FY24. These figures show that the business is expanding quickly and turning a profit.
Brigade Enterprise is a small-cap company with a Market capitalization of Rs 16,900 crores. The company has a Price-to-earnings ratio of 71.5 and an earnings per share of Rs 12.9. Brigade Enterprise also has a return on equity (ROE) of 6.34 percent and a return on capital employed (ROCE) of 8.41 percent.
Additionally, the company has improved its debtor’s day from 69.6 to 48.9 days along with with good current ratio of 1.11 and a Net profit margin higher than 6.45 percent than last year’s NPM margin
The promoters of Brigade Enterprise hold a 43.77% stake followed by the FIIs with 13.40% and the remaining lies with the public.
Brigade Enterprises share has risen by 36.04% in the last six months and 42.76% in the last year.
The Brigade Group is one of India’s leading property developers with over three and a half decades of expertise in building positive experiences for all stakeholders. Instituted in 1986, the company has developed many landmark buildings and transformed the skyline of cities across South India.
Brigade has completed 275+ buildings amounting to over 80 million sq. ft of developed space across a diverse real estate portfolio. The commercial segment has seen consistent growth over the last few years with over 5 million sq. ft of office spaces under development. Brigade Group has been recognized among India’s top 100 best mid-size companies to work for and the best in the Real Estate industry, 2023.
Written by Sriram K V
