Brigade Enterprises Ltd News

Brigade Enterprises Q2FY25 results: Net profit down 11% to Rs 118.98 cr

Realty firm Brigade Enterprises Ltd on Wednesday reported an 11 per cent decline in its consolidated net profit to Rs 118.98 crore in the September 2024 quarter. Its net profit stood at Rs 133.50 crore in the year-ago period. Total income also fell to Rs 1,138.13 crore in the second quarter of this fiscal compared to Rs 1,407.92 crore in the corresponding period of the preceding year, according to a regulatory filing. Bengaluru-based Brigade Enterprises is one of the leading real estate developers in the country.

Brigade Group eyes Rs 800 cr revenue from Chennai real estate project

Realty firm Brigade Group on Thursday said it will develop a mixed-use project in Chennai with an estimated revenue of Rs 800 crore. In a regulatory filing, Brigade Group said it has signed a Joint Development Agreement (JDA) to develop a residential project of around one million sq ft in Chennai. The project will be developed as part of a 1.5 million sq ft mixed use development. The project will have a gross development value (GDV) of about Rs 800 crore, Brigade said in a statement. "This joint development agreement for a 1 million sq ft residential development, forming part of a larger mixed-use development, underscores our commitment to the city's growth and our vision to deliver world-class residential, commercial, retail and hospitality spaces," Brigade Enterprises Managing Director Pavitra Shankar said. By inking this strategic joint development, Brigade Group said it has further solidifies its position as a leading real estate developer in Chennai. Established in 1986, Bri

Brigade Enterprises raises Rs 1,500 crore by selling shares via QIP

Bengaluru-based Brigade Enterprises has raised Rs 1,500 crore by selling equity shares to institutional investors as part of its strategy to expand business. The company on September 2 launched its qualified institutional placement (QIP) issue to raise funds. The issue closed on September 5. In a regulatory filing on Friday, Brigade Enterprises said a committee of directors approved the allotment of 1,30,43,478 equity shares to eligible qualified institutional buyers. The shares were allotted at an issue price of Rs 1,150 per equity share. Hence, the company raised Rs 1,500 crore through the QIP route. The shares were issued at a discount of 1.26 per cent of the floor price of Rs 1,164.70 per equity share. In March, Brigade Enterprises had taken shareholders' approval to raise funds through the issue of securities up to Rs 1,500 crore. Brigade Enterprises is one of the leading real estate developers in the country with a significant presence in south India. Last month, Brigade

Brigade Enterprises up 5% after launching Rs 1,500 crore QIP

Brigade Enterprises launched a Rs 1,500-QIP after market hours on Monday

Brigade Ent climbs 11% on healthy Q1FY25 results; profit more than doubles

The share price rose after the company reported a strong set of numbers in the June quarter of financial year 2025 (Q1FY25).

Brigade Group Q1 results: Net profit rises 285.7%, revenue at Rs 1,113 cr

Additionally, the company's Q1 FY25 revenue included Rs 707 crore from real estate, Rs 259 crore from leasing, and Rs 118 crore from hospitality

Brigade Enterprises likely to stand tall on robust launch pipeline

FY24 saw a strong show in all its key segments - residential real estate, rentals and hospitality

Brigade Enterprises expects over Rs 400 cr revenue from new housing project

Realty firm Brigade Enterprises is expecting more than Rs 400 crore revenue from its newly-launched residential tower in Bengaluru. The company has launched residential tower 'Cobalt' at its 50-acre township, Brigade El Dorado, located in KIADB Aerospace Park. "Comprising 948 one-bedroom apartments, the company has pegged the potential revenue value at over Rs 400 crore," Brigade said in a regulatory filing on Thursday. The overall size of this township is around 6.1 million (61 lakh) square feet including residential, shopping, wellness, and entertainment facilities. "In the recent past, there has been a surge in the number of multinational companies that have chosen to set up shop in North Bengaluru, creating a demand for skilled talent. This in turn has fuelled the growth and demand for high quality, sustainable real estate in the region," Amar Mysore, Executive Director, Brigade Enterprises said. Potential home buyers in the region are primarily millennials, who aren't just ..

Brigade Enterprises stock gains 2% after unit launches residential tower

The uptick in share price came after the company announced that its arm has launched a new residential project, Cobalt

Brigade Enterprises up 5% after signing Bengaluru residential project deal

The uptick in the stock price came after the real estate player announced that it has signed a joint development agreement for a 1.2 million sq ft residential project in Bengaluru

Brigade Enterprises rises 3% on launching residential project in Bengaluru

The development boasts a revenue potential of Rs 1,100 crore

Brigade Enterprises eyes Rs 1,100 cr revenue from housing project in B'luru

Realty firm Brigade Enterprises on Thursday said it has launched a new housing project with a revenue potential of Rs 1,100 crore. The project 'Brigade Insignia' is located at Yelahanka, Bengaluru, and comprises 379 units. "The project has a revenue potential of Rs 1,100 crore," the company said in a statement. Pavitra Shankar, Managing Director of Brigade Enterprises Ltd, said, "Demand for residential projects is currently high, and the segment is witnessing steady growth. This project is set to ride on that demand and is part of our 11 million square feet expansion plan in the residential space and will be ideal, both as an investment and for ownership." Apartments at Brigade Insignia are available at a ticket size ranging from Rs 3 crore to Rs 9 crore. The project is expected to be completed in June 2029. Brigade Group is one of India's leading property developers. Instituted in 1986, the company has developed many projects across South Indian cities - Bengaluru, Mysuru, Hydera

CDSL, KPIL, Brigade: 4 midcap stocks that can fall over 14% from here

The key momentum oscillators of these four NSE smallcap stocks are showing a negative divergence; hence these stocks are likely to trade with a downward bias in the near term.