2 weeks ago

Brigade Group Q1 profit jumps 37% to ₹217 crore

Brigade Group Q1 profit jumps 37% to ₹217 crore
Brigade Group profit rises 37% to ₹217 crore in Q1 · thehindubusinessline.com

Brigade Group is a big company that builds homes, offices, malls, and hotels in India.

The company shared how it did in the first three months of its financial year.

During this time, Brigade made much more profit than before — 37% more, which is a lot of money.

Even though the company collected less money overall than last year, it still kept more of what it earned.

It earns money in different ways: selling buildings, renting out offices, and running malls and hotels.

The malls did really well, with more people visiting and shoppers spending more.

Brigade also started building new offices in two big cities, Bengaluru and Hyderabad.

The company says its renting and hotel businesses are strong and dependable.

It has plans to build even more, working with a partner called Bain Capital.

Overall, the company is excited about its future.

Key facts

Company
Brigade Group
Profit after tax (Q1 FY27)
₹217 crore, up 37% YoY
Revenue (Q1 FY27)
₹1,179 crore, down 11.6% YoY
Real estate segment revenue
₹707 crore
Leasing segment revenue
₹328 crore
Hospitality segment revenue
₹144 crore with 76% occupancy and ARR of ₹7,241
Retail performance
Mall footfalls up 11% and retailer sales up 35% YoY
New launches
4 million sq ft of commercial projects in Bengaluru and Hyderabad; ~12 million sq ft planned
Strategic partnership
Bain Capital partnership for a mixed-use development in Whitefield

Quotes

Pavitra Shankar

Managing Director of Brigade Group

“"Looking ahead, with nearly 12 million square feet of launches planned and our strategic partnership with Bain Capital for a landmark mixed‑use development in Whitefield, we are significantly strengthening our future pipeline in high‑growth markets. Our annuity businesses across leasing, retail and hospitality continued to be resilient."”
thehindubusinessline.com

Sources

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