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Earnings Call Transcript

Brigade Enterprises Earnings Call Transcript: Key Takeaways

Management is navigating a transition phase with aggressive expansion in Chennai and Hyderabad. While residential sales grew 12% YoY, margins were temporarily squeezed by tech adoption costs and high-profile marketing events.

Guidance and delivery
Management target Revenue FY26
Highlights
Revenue growthConsolidated revenue up 26% YoY; residential turnover up 31%.
MarginsResidential margins hit 12% due to tech and marketing spends.
Order book7 million sq ft launch visibility for H2 FY26.
Demand visibilityStrong demand in mid-segment; Hyderabad Phase 2 seeing rapid absorption.
Management confidenceConfident but cautious regarding launch timing and approval cycles.

Growth

Pre-sales volume grew 13% YoY; realizations up 13%. Hospitality segment shows strongest recovery with 14% ARR growth.

Outlook

Pipeline of 11 million sq ft planned for next four quarters. Guided for approximately 9,000 Cr pre-sales for FY26.

Risks

Margins dropped to 12% due to one-off costs. Approvals for major launches (Vellore, Perambur) face timing uncertainty.

Last quarter's promises, checked

Delivered

  • Guided 12.1k/sqft realization → delivered 12.1k/sqft (= BEAT)
  • Guided 8.3M sqft launches → delivered 8.3M sqft (= BEAT)
  • Guided 28% EBITDA margin → delivered 28% (= BEAT)

Partly delivered

  • Guided 11.9k Cr GDV launch pipeline → delivered 10k Cr (= PARTIAL)

Missed

  • Guided 12M sqft launches → delivered 8.3M sqft (= MISS)
  • Guided 7.8k Cr pre-sales → delivered 7.4k Cr (= MISS)
Source

Earnings Call Transcript filed with BSE, NSE: BRIGADE. Summary written with AI assistance from the document.

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Brigade Enterprises Ltd: key numbers

Share price
₹597.90
Market cap
₹19,507 Cr
Revenue (annual)
₹5,697 Cr
Net profit (annual)
₹644.4 Cr
P/E (TTM)
28.1×Sector 35.8×
Promoter holding
41.10%-0.01% QoQ
FII holding
15.63%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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