Brigade FY26 Results: Revenue Growth 11%, Dividend & Bonus Issue

Brigade Reports Double-Digit Revenue Growth for FY26; Recommends Dividend and Bonus Share Issue

Brigade Enterprises reported strong consolidated financial results for the year ended March 31, 2026. Total income rose to ₹5,90,901 lakhs from ₹5,31,354 lakhs in the previous year, while revenue from operations grew to ₹5,69,722 lakhs from ₹5,07,421 lakhs. This marks growth of 11.2 percent in consolidated total income and 12.3 percent in revenue from operations.

Profit for the year stood at ₹72,476 lakhs, up from ₹68,047 lakhs. The improvement in profitability was driven by contributions across all three business segments: real estate, leasing, and hospitality.

Dividend and Capital Restructuring

The Board recommended a final dividend of ₹2 per share and a 1:3 bonus issue of 8,15,40,595 equity shares, along with an increase in authorized share capital from ₹250 crores to ₹400 crores, all subject to shareholder approval. The record date for the bonus issue is June 17, 2026.

Shareholders will receive 1 bonus equity share for every 3 existing equity shares held as of the record date. This capital restructuring is designed to facilitate long-term growth and improve equity distribution.

Segment Performance

Real Estate revenue reached ₹3,96,985 lakhs for FY26 from ₹3,40,263 lakhs in FY25, while the Leasing segment reported ₹1,29,707 lakhs compared to ₹1,18,057 lakhs, and Hospitality revenue stood at ₹59,561 lakhs from ₹53,877 lakhs.

The leasing portfolio, which generates recurring rental income, continues to be a significant contributor to consolidated earnings. Portfolio occupancy stood at 88% with rental collections across the commercial portfolio remaining high, standing at nearly 99%. 4.51 million square feet of area is expected to be launched in the next four quarters.

The hospitality division experienced a robust 15% year-over-year growth in revenue and EBITDA. Brigade's hotel operations are expanding, with 1,700 keys being built across 9 hotels in its markets.

Real Estate and Residential Market

Brigade launched seven residential projects with a total development area of 4 million square feet in Q4 across Chennai, Bengaluru, and Hyderabad. Notable launches include Brigade Lumina in North Bengaluru, which sold about 85% of units, and Brigade Belvedere, which sold about 19.7% of the 760 launched units.

Average realizations in residential property rose 9% to ₹12,107 per square foot. This reflects improving pricing power in the residential market, particularly for premium and luxury segments where Brigade maintains a strong presence.

Company Background and Portfolio

Since its formation in 1986, Brigade Group has led the way for India's real estate landscape, carving out architectural landmarks to shape the cities. Over the past three decades, the group has delivered over 280 projects covering more than 80 million square feet of developed space.

The company has developed many landmark buildings and transformed the skyline of cities across south India, namely Bengaluru, Mysuru, Mangaluru, Chikmagalur, Hyderabad, Chennai, Kochi; and GIFT City, Gandhinagar with developments across the residential, commercial, retail, hospitality and education sectors.

Brigade's financial health remains solid, with net debt at ₹2,278 crore and a debt-to-equity ratio of 0.27 as of FY26. This conservative leverage profile provides flexibility for future acquisitions and project investments.

Forward Outlook

Brigade Enterprises invested approximately ₹2,100 crores in land bank over the last 9 months, adding a developable area of 14 million square feet with a GDV of ₹16,000 crores. Management has signalled continued focus on both residential and commercial segments, with particular emphasis on high-margin leasing operations and hospitality expansion.