Brigade Enterprises (532929) Q4 24/25 earnings summary

Executive summary

• Achieved record pre-sales of INR 7,847 crore in FY25, up 31% year-over-year, with 7.05 million sq ft sold and average realization up 40% to INR 11,138 per sq ft, driven by premium launches and robust growth across all business verticals.

• Lease rental revenue grew 24% to INR 1,165 crore in FY25, with 2 million sq ft of new commercial launches and strong demand in office and retail segments.

• Highest ever collections of INR 7,250 crore in FY25, a 23% increase 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.

Financial highlights

• Pre-sales value reached INR 7,847 crore in FY25, up 31% year-over-year; collections at INR 7,250 crore, up 23%.

• Consolidated revenue for FY25 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 FY25 was INR 686 crore, a 52% increase year-over-year; standalone PAT grew 43% to INR 455 crore.

• Q4 FY25 revenue was INR 1,532 crore, EBITDA INR 488 crore, and PAT INR 647 crore.

• Net cash flow from operating activities for FY25 was INR 2,135 crore, up 36% year-over-year.

Outlook and guidance

• Pipeline of 16 million sq ft for FY26 across residential, commercial, and hospitality segments; plans to launch ~12 million sq ft of new projects in the next four quarters in Bangalore, Chennai, Hyderabad, and Mysuru.

• Targeting 15%-20% year-over-year pre-sales growth, with double-digit value growth expected in FY26.

• 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.