Brigade Enterprises Achieves Three-Fold Profit Surge in March Quarter

Bengaluru-based realty firm Brigade Enterprises Ltd reported a nearly three-fold increase in consolidated net profit to Rs 206.09 crore for the March quarter. The significant profit rise is attributed to a higher total income of Rs 1,762.62 crore. The firm also saw an annual net profit rise to Rs 451.61 crore.

Realty firm Brigade Enterprises Ltd on Tuesday reported a nearly three-fold jump in consolidated net profit to Rs 206.09 crore for the March quarter on the back of higher income.

Its net profit stood at Rs 69.25 crore in the year-ago period.

Total income rose to Rs 1,762.62 crore in the fourth quarter of the last fiscal from Rs 872.11 crore in the corresponding period of the previous year.

During the 2023-24 fiscal, Brigade Enterprises' net profit rose to Rs 451.61 crore from Rs 291.41 crore a year earlier.

Total income increased to Rs 5,064.15 crore in the last fiscal from Rs 3,563.21 crore in the 2022-23 fiscal.

Bengaluru-based Brigade Enterprises is one of the leading real estate developers in the country and has significant presence in south India.