Brigade Group reports 29% growth in Q2 net profit at Rs 219 crore
Brigade Group reported a 29% year-on-year profit increase to ₹219 crore in Q2 FY27, despite lower revenue. Strong residential bookings, higher operating profit, robust leasing performance and hospitality growth supported earnings, while new projec...
By Kailash Babar, ET Bureau |
Agencies
Realty developer Brigade Group has reported a 29% year-on-year increase in net profit to Rs 219 crore in the second quarter of financial year 2026-27. Profit before tax rose 47% to Rs 288 crore, while consolidated revenue declined to Rs 1,250 crore from Rs 1,430 crore.
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% over the year-ago quarter. Its operating margin stood at 74%, while occupancy reached 90% as of September 2026. The completion of Brigade Square and Arcadia at Brigade Cornerstone Utopia added 0.27 million sq ft of leasable space.
The hospitality segment reported revenue of Rs 161 crore, while operating profit grew 41% year-on-year to Rs 59 crore, with a margin of 37%.
For the first half of financial year 2026-27, consolidated revenue declined to Rs 2,429 crore from Rs 2,763 crore a year earlier. However, operating profit increased to Rs 903 crore from Rs 750 crore, while profit before tax rose to Rs 572 crore from Rs 389 crore. Net profit for the six-month period grew to Rs 436 crore from Rs 328 crore. Collections stood at Rs 3,489 crore.
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.
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The leasing business generated revenue of Rs 329 crore and operating profit of Rs 242 crore, an increase of 9% over the year-ago quarter. Its operating margin stood at 74%, while occupancy reached 90% as of September 2026. The completion of Brigade Square and Arcadia at Brigade Cornerstone Utopia added 0.27 million sq ft of leasable space.
The hospitality segment reported revenue of Rs 161 crore, while operating profit grew 41% year-on-year to Rs 59 crore, with a margin of 37%.
For the first half of financial year 2026-27, consolidated revenue declined to Rs 2,429 crore from Rs 2,763 crore a year earlier. However, operating profit increased to Rs 903 crore from Rs 750 crore, while profit before tax rose to Rs 572 crore from Rs 389 crore. Net profit for the six-month period grew to Rs 436 crore from Rs 328 crore. Collections stood at Rs 3,489 crore.
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