Its turnover for the quarter declined 13 per cent to Rs 354 crore compared to Rs 407 crore in the same quarter last year. The operating profit, however, went up 26 per cent to Rs 136 crore as against Rs 108 crore in the same period a year ago.
ALSO READ: Brigade Enterprises gains on good response for Northridge project
During the fourth quarter, Brigade sold 0.7 million sq ft space, a growth of 17 per cent over the corresponding quarter last year. The value of sales was Rs 349 crore, a growth of 19.5 per cent over the same quarter last year, when it sold Rs 292 crore worth of space.
Brigade launched two new projects during the fourth quarter involving a total of 1.2 million sq ft space.
Going forward, in the current financial year, it plans to launch new projects having a total of 7.7 million sq ft space, Kris added.
The shares of Brigade closed the day at Rs 159.80 per share, a drop of 1.96 per cent over the previous close on BSE.