The company announced Q4 results after market hours on Tuesday, 7 May 2013.
Meanwhile, the S&P BSE Sensex was up 64.14 points or 0.32% at 19,953.09.
On BSE, 2.27 lakh shares were traded in the counter as against average daily volume of 22,000 shares in the past two weeks.
The stock hit a high of Rs 84.50 and a low of Rs 78.05 so far during the day.
Brigade Enterprises' earnings before interest, taxation, depreciation and amortization (EBITDA) surged 143.24% to Rs 72 crore in Q4 March 2013 over Q4 March 2012. EBITDA margin improved 200 basis points year-on-year at 24% in Q4 March 2013.
Retail and Hospitality segments contributed Rs 28.20 crore and Rs 32 crore respectively to the revenue in Q4 March 2013, Brigade Enterprises said in a statement.
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Residential space aggregating to 0.54 million square feet (sq. ft) aggregating Rs 232.20 crore was sold in Q4 March 2013. The average price realization was Rs 4,324 per sq. ft, Brigade Enterprises said in a statement.
Brigade Enterprises said it launched projects of 1.80 million sq. ft space during Q4 March 2013. This comprises of 0.6 million sq. ft of residential space and 1.2 million sq. ft of commercial space, Brigade Enterprises said in a statement.
Brigade Enterprises' net profit rose 10.49% to Rs 64.20 crore on 29.34% growth in total revenue to Rs 788.10 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012). EBITDA rose 20.97% to Rs 215.10 crore in FY 2013 over FY 2012. EBITDA margin stood at 27% in FY 2013, as against 29% in FY 2012.
Brigade Enterprises said it launched projects of 4 million sq. ft space in FY 2013. This consists of 2.24 million sq. ft of residential space and 1.76 million sq. ft of commercial space, Brigade Enterprises said in a statement.
Brigade Enterprises said that 8 million sq. ft of new project launches are planned in FY 2014. Of this, residential launches will be about 6.70 million sq. ft and commercial space will be 1.30 million sq. ft, Brigade Enterprises said in a statement.
Brigade Enterprises' board of directors at a meeting held on Tuesday, 7 May 2013, recommended dividend of Rs 1.50 per share for FY 2013.
Bangalore-based realty developer Brigade Enterprises has presence in residential, commercial and retail segments.
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