Synopsis:
Brigade Group has signed a Joint Development Agreement for a ₹1,200 Crore residential project in Banashankari, South Bengaluru. The development offers premium apartments in a prime, well-connected location.

The shares of the Small-Cap company, specializing in real estate development across residential, commercial, retail, and hospitality sectors, jumped by upto 2 percent upon signing a Joint Development Agreement for a new residential project with a Gross Development Value (GDV) of Rs. 1,200 Crores.

With a market capitalization of Rs. 22,688.03 Crores on Tuesday, the shares of Brigade Enterprises Ltd rose by 1.8 percent after making a high of Rs. 941.70 compared to its previous closing price of Rs. 924.45.

What Happened 

Brigade Enterprises Ltd, engaged in real estate development across residential, commercial, retail, and hospitality sectors, has signed a Joint Development Agreement to build a residential project spanning 7.5 acres in Banashankari, 5th Stage, South Bengaluru, with a gross development value (GDV) of approximately Rs. 1,200 Crores.

The project aims to deliver thoughtfully designed, high-quality residential spaces that cater to discerning homebuyers seeking premium living in a prime location. Banashankari, known for its blend of heritage, connectivity, and strong social and physical infrastructure, offers an ideal setting for this development. 

The project aligns with Brigade Group’s commitment to enhancing urban living experiences and contributing to Bengaluru’s growth and economic development. Positioned near key infrastructure, educational institutions, and commercial hubs, the residential complex is expected to become a landmark address in South Bengaluru.

Financials & Others

The company’s revenue rose by 18.88 percent from Rs. 1,078 crore to Rs. 1,281 crore in Q1FY25-26. Meanwhile, the Net profit rose from  Rs. 81 crore to  Rs. 158 crore during the same period.

The company has a debt-to-equity ratio of 0.97 and a stock P/E of 30.2, which is lower than the industry average of 40.7. It has demonstrated strong profit growth, delivering a 36.6% CAGR over the past five years.

Brigade Enterprises Ltd was established in 1986. This company is one of India’s leading and trusted property developers, specializing in multiple asset classes including residential, office, retail, hospitality, senior living, and schools. It is known for building high-quality ‘Grade A’ properties and has a strong partnership with marquee investor GIC. 

It has maintained a consistent EBITDA margin of approximately 26%–28% over the past nine years. The company’s credit rating has been upgraded to AA (Stable) by ICRA and AA- (Positive) by CRISIL. Additionally, it has been recognized as a top workplace, being a Laureate for the Top 100 workplaces for 10 years and certified as a Great Place to Work for 15 consecutive years.

In Q1 FY26, the company’s total revenue came from 67 percent Real Estate, 22 percent Lease Rentals, and 11 percent Hospitality, and the total collections grew by 8 percent from Q1FY25 to Q1FY26.

Written by Sridhar J 

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