Brigade Enterprises (532929) investor relations material

Executive summary

• Q1 FY27 saw consolidated revenue of INR 1,179 crores (₹1,11,555 lakhs), with PAT rising 37% year-over-year to INR 217 crores (₹21,694 lakhs), driven by margin improvements and robust commercial and hospitality growth.

• Real estate presales reached INR 1,061 crores with a record realization of INR 14,256/sq ft, up 21% year-over-year.

• Commercial and hospitality segments delivered strong growth, with high occupancy, margin improvements, and hospitality revenue at INR 144 crores.

• Sustainability initiatives advanced, with 61% of energy from renewables and full EDGE certification.

• Financial statements reviewed by independent auditors with unmodified opinions.

Financial highlights

• EBITDA margin improved to 36% (from 28% YoY); consolidated EBITDA at INR 425 crores; PAT margin increased to 18% (from 12% YoY).

• Real estate segment revenue at INR 707 crores, EBITDA INR 150 crores (45% YoY increase), margin at 21%.

• Leasing revenue at INR 328 crores (9% YoY growth), EBITDA INR 230 crores, margin 70%.

• Hospitality revenue at INR 144 crores, EBITDA INR 45 crores; consolidated PAT at INR 216 crores (37% YoY growth).

• Collections for the quarter at INR 1,856 crores (7% YoY growth); net cash flow from operations at INR 354 crores.

Outlook and guidance

• FY27 pre-sales guidance maintained at INR 9,000 crores, with launches expected to be back-ended.

• Launch pipeline for next four quarters: 16.4 million sq ft (12.4 million residential, 4 million commercial), GDV approx. INR 13,400 crores.

• Hospitality portfolio expansion with 1,700 keys in the pipeline, targeting 3,300 keys by FY31.

• Sales velocity expected to accelerate from Q2 onwards as launches ramp up.

• Continued focus on geographic diversification, especially in Chennai and Hyderabad.