Brigade Enterprises (532929) Q4 24/25 earnings summary

Executive summary

• Achieved record product launches, pre-sales, and collections in FY 2025, with robust growth across all business verticals and a milestone of 100 million sq ft developed since inception.

• Launched 11 projects totaling 9.5 million sq ft, the highest ever in a year, with strong collections of INR 7,250 crore, up 23% over FY24.

• Expanded land bank with major acquisitions in Whitefield, Bangalore and Velachery, Chennai, supporting future growth and premium positioning.

• Maintained focus on sustainability, aiming for net-zero by 2045, and launched the Earth Fund for proptech and sustainability investments.

• Approved audited consolidated and standalone financial results for Q4 and year ended 31 March 2025, with unmodified audit opinions from statutory auditors.

Financial highlights

• Pre-sales value reached INR 7,847 crore in FY 2025, up 31% year-over-year; collections at INR 7,250 crore, up 23%.

• Consolidated revenue for FY 2025 was INR 5,314 crore; consolidated EBITDA at INR 1,654 crore, up 21% year-over-year, with a 31% EBITDA margin.

• PAT after minority interest for FY 2025 was INR 686 crore, a 52% increase year-over-year. PAT surged 69% to INR 680 crore.

• Q4 FY 2025 revenue was INR 1,532 crore; EBITDA INR 488 crore; PAT INR 647 crore.

• Consolidated net profit attributable to owners for FY25 was Rs. 68,576 lakhs, compared to Rs. 45,161 lakhs in FY24.

Outlook and guidance

• Pipeline of 16 million sq ft for FY 2026 across residential, commercial, and hospitality segments.

• Targeting 15%-20% year-over-year pre-sales growth, with double-digit value growth expected in FY 2026.

• Average price realization for new launches expected around INR 10,000 per sq ft.

• Board recommended a final dividend of Rs. 2.50 per share for FY25, subject to AGM approval.