NEW DELHI: Brigade Enterprises Ltd experienced a 3% growth in sales bookings, reaching Rs 1,118 crore in the first quarter of the fiscal year, attributed to improved per square foot realizations from residential properties.
In comparison, sales bookings in the same period last year amounted to Rs 1,086 crore.
As per the company’s latest investor presentation, sales bookings by volume decreased by 17% to 9.49 lakh sq ft from 11.45 lakh sq ft. However, the realization per square foot surged by 24% to Rs 11,782 per sq ft from Rs 9,483 per sq ft.
On Wednesday, Brigade Enterprises Ltd reported a remarkable 79% uptick in consolidated net profit, totaling Rs 149.88 crore for the quarter ending in June, compared to Rs 83.72 crore in the same period last year.
Total income also rose to Rs 1,332.86 crore for the April-June period, up from Rs 1,113.44 crore year-over-year.
Founded in 1986, Brigade Enterprises stands out as one of India’s leading real estate developers, specializing in residential projects, office spaces, and shopping malls.
The company is also involved in the hospitality and education sectors.
Brigade Group operates in key cities including Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram, and GIFT City (Gujarat).
