Brigade Enterprises Witnesses Decline in Q2 Net Profit

Brigade Enterprises Ltd, a prominent real estate developer, reported an 11% decline in its consolidated net profit, dropping to Rs 118.98 crore for the September 2024 quarter. Total income also decreased to Rs 1,138.13 crore, reflecting a downturn compared to the previous year's data.

Brigade Enterprises Ltd, a major player in the Indian real estate market, has reported an 11% dip in its consolidated net profit for the September 2024 quarter. The firm's net profit has dropped to Rs 118.98 crore from Rs 133.50 crore recorded in the same quarter last year.

Additionally, the company's total income has decreased, falling to Rs 1,138.13 crore in comparison to Rs 1,407.92 crore during the corresponding period of the previous fiscal year, as revealed in a regulatory filing.

Headquartered in Bengaluru, Brigade Enterprises continues to be recognized as a leading real estate developer despite facing current financial challenges.

(With inputs from agencies.)