Operational gains were led by the primary real estate division, which saw its operating profit climb 59% year-on-year to Rs 175 crore alongside Rs 1,827 crore in new sales bookings. The commercial leasing portfolio maintained high capacity, sustaining 90% occupancy while generating Rs 242 crore in operating profit. Meanwhile, the hospitality segment achieved a 41% profit jump to Rs 59 crore. Across the entire first half of the financial year, total collections reached a robust Rs 3,489 crore.
Key points
Strong operational momentum across residential, leasing, and hospitality arms expanded pr…: Strong operational momentum across residential, leasing, and hospitality arms expanded profit margins across all core business verticals.
Substantial sales bookings and new project rollouts provide sustained visibility for medi…: Substantial sales bookings and new project rollouts provide sustained visibility for medium-term cash flows and development activities.
Six-month earnings demonstrated operating profit resilience and improved pre-tax profitab…: Six-month earnings demonstrated operating profit resilience and improved pre-tax profitability despite a moderate decline in top-line revenue.
Sources checked by our analysis pipeline: 1
The company’s operating profit increased to Rs 478 crore from Rs 375 crore in the year-ago period. Collections during the quarter stood at Rs 1,633 crore.
Real estate sales bookings reached Rs 1,827 crore across 1.3 million sq ft during the quarter. Brigade launched projects spanning 2.4 million sq ft, with an estimated gross development value (GDV) of around Rs 3,000 crore.
The real estate segment recorded revenue of Rs 760 crore, while operating profit rose 59% year-on-year to Rs 175 crore, with a margin of 23%.
“Q2 FY27 has been a positive quarter for Brigade Group, with healthy momentum across our businesses. Residential continues to drive growth, underpinned by sustained demand and a strong project pipeline,” said Pavitra Shankar, MD, Brigade Enterprises.
According to her, customers were increasingly prioritising quality, location, larger homes and better amenities, with demand remaining resilient across the mid and premium segments. The festive season also strengthened customer engagement across the residential and retail businesses.
The leasing business generated revenue of Rs 329 crore and operating profit of Rs 242 crore, an increase of 9%…
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