Brigade’s profit in the same quarter a year earlier stood at Rs 83.72 crore. Total income climbed to Rs 1,332.86 crore from Rs 1,113.44 crore, according to a regulatory filing.
“FY26 has begun on a strong note for Brigade Group, marked by consistent performance across all verticals,” said Pavitra Shankar, managing director, Brigade Group. “Our residential business continues to be a key growth driver, supported by a strong pipeline of launches across Bengaluru, Chennai, and Hyderabad. The office segment has seen sustained momentum, with increased leasing activity.”
Residential momentum and pre-sales
Pre-sales for the quarter reached Rs 1,118 crore, covering 0.95 million square feet of sales area. Real estate revenue rose 22% to Rs 892 crore from Rs 733 crore in the same period last year. The company reported EBITDA of Rs 103 crore, up 10% year-on-year.
Net bookings in the real estate segment matched the 0.95 million square feet sales volume, with an average realisation of Rs 11,782 per square foot, a 24% increase over Q1 FY25. Collections during the quarter stood at Rs 1,728 crore.
Pipeline and credit upgrade
Brigade outlined a pipeline of about 16 million square feet of new launches in residential and commercial segments and plans to add 1,700 keys to its hotel portfolio. The group’s land bank stands at 60 million square feet, a factor it expects will underpin growth. ICRA recently upgraded Brigade’s credit rating to AA (Stable).
Leasing and hospitality growth
Portfolio occupancy was 92% across 9.38 million square feet of operating lease space, with leasing revenue rising 15% to Rs 300 crore. Leasing EBITDA grew 13% to Rs 224 crore. The company’s facilities management arm oversees about 16 million square feet.
Brigade Hotel Ventures, a subsidiary, launched an Rs 885.60 crore initial public offering, including a Rs 126 crore pre-IPO placement. Hospitality revenue in Q1 FY26 stood at Rs 141 crore, up 19% YoY, while EBITDA increased 34% to Rs 48 crore.
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