Brigade Q1 FY26 Profit Surges 95% to ₹158 Cr; Revenue Up 18.9%

Q1 FY26 Financial Performance

Brigade Group's net profit surged to ₹158 crore in the first quarter, a 95 percent jump from ₹81 crore in Q1 FY25. Revenue from operations rose to ₹1,281 crore from ₹1,078 crore year-on-year, up 18.87 percent, though it declined 12.27 percent sequentially from Q1 FY26's ₹1,460 crore.

Real estate revenue increased 22 percent to ₹892 crore compared with ₹733 crore in Q1 FY25. EBITDA for Q1 FY26 was ₹103 crore, up 10 percent year-on-year.

Residential Sales Drive Growth

Pre-sales for the quarter stood at ₹1,118 crore, with a sales area of 0.95 million square feet. The average realisation was ₹11,782 per square feet, marking a 24 percent increase over Q1 FY25.

Collections for the quarter totalled ₹1,728 crore. The residential business continues to be a key growth driver, supported by a strong pipeline of launches across Bengaluru, Chennai and Hyderabad, according to managing director Pavitra Shankar.

Commercial and Hospitality Segments

Leasing revenue stood at ₹300 crore, a growth of 15 percent over Q1 FY25, with EBITDA standing at ₹224 crore, up 13 percent over the previous year's same quarter. Portfolio occupancy of 92 percent was achieved from the overall operating lease portfolio of 9.38 million square feet during the quarter.

Pipeline and Future Growth

Brigade has a robust pipeline of about 16 million square feet of new launches in the residential and commercial segments, along with plans to add 1,700 keys in its hotel portfolio. With a land bank of 60 million square feet, the company expects to strengthen its growth trajectory.

Credit Rating Upgrade

ICRA has upgraded Brigade's credit rating to AA (Stable).

Company Context

With a track record of 280+ completed projects and over 86 million square feet of developed space, Brigade has become a trusted name among homebuyers seeking quality construction and long-term value. The Group operates across three business segments — Real Estate, Leasing, and Hospitality.

In 2007, Brigade Enterprises Limited successfully conducted its initial public offering, listing on the Bombay Stock Exchange and National Stock Exchange, providing the company with enhanced access to capital markets.