Brigade Q3 FY26 Revenue ₹1,623 Cr, PAT ₹206 Cr; Strong Bookings

Strong Q3 Across All Segments

Brigade Enterprises reported Q3 FY26 revenue of ₹1,623 crore, with profit after tax at ₹206 crore and quarterly collections at ₹1,760 crore, underscoring momentum across the developer's diversified portfolio.

Across the first nine months of FY26, revenue grew 16 per cent and PAT 24 per cent, supported by higher bookings, strong occupancy in the leasing portfolio, and continued land bank expansion in key southern markets.

Real Estate: Residential Strength

The real estate segment delivered ₹1,133 crore in revenue, 1.33 million sq ft of net bookings valued at ₹1,750 crore, and collections of ₹1,258 crore. The residential segment achieved presales of ₹1,750 crores and a volume of 1.33 million square feet in Q3 FY '26, with an average realization of ₹13,142 per square foot, reflecting a 16 per cent growth over Q3 FY '25.

Managing Director Pavitra Shankar noted the residential business continues to be a key growth driver, supported by a strong pipeline of launches across Bengaluru, Chennai and Hyderabad.

Leasing Portfolio Expands

Leasing revenues grew 16 per cent to ₹325 crore on a 93 per cent occupied portfolio. The office segment has seen sustained momentum, with increased leasing activity. During the quarter, 0.66 million square feet of commercial office space was leased.

Hospitality Segment Growth

Hospitality revenues rose 12 per cent to ₹165 crore, with Brigade Hotels showing steady growth, with revenue and RevPAR increasing by 14 per cent and 17 per cent respectively. This followed Brigade Hotel Ventures Limited, the company's subsidiary, coming out with its Initial Public Offering and getting listed on the stock exchanges in July 2025, marking a major milestone. Brigade Hotel Ventures operates nine hotels with 1,604 keys across key cities like Bengaluru, Chennai, Kochi, Mysuru, and GIFT City, in partnership with global hospitality brands such as Marriott, Accor, and IHG.

Land Bank Expansion Strategy

In the first 9 months of FY '26, Brigade incurred approximately ₹2,100 crores for its land bank, covering 14 million square feet with a Gross Development Value (GDV) of ₹16,000 crores, with a significant portion in Bengaluru and Hyderabad.

Approximately 12 million square feet of launches are planned over the next 4 quarters, signalling continued execution momentum across the three-city footprint.

Developer Context

Founded in 1986 and based in Bangalore, Brigade Group has completed over 275 projects across residential, commercial, retail, hospitality, and education spaces and has delivered more than 80 million square feet of construction. 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.

The group has developed the World Trade Center Bangalore, and is developing World Trade Center Kochi and also holds licence to develop World Trade Centers in Chennai, Hyderabad and Thiruvananthapuram. Brigade Retail's first venture was the iconic, world-class Orion Mall at Brigade Gateway, subsequently expanding with Orion Avenue and Orion Uptown.

Financial Position

The average cost of debt decreased by 115 bps to 7.61 per cent as of December 2025, with gross debt at ₹4,504 crores and cash and cash equivalents at ₹2,617 crores, translating to net debt outstanding of ₹1,887 crores. Approximately 92 per cent of the debt pertains to the commercial segment.