Brigade Enterprises Limited reported a strong financial performance for the quarter ended December 31, 2024, with a net profit of ₹235.5 crore, marking a significant 321.8% year-on-year (YoY) increase. The company’s revenue from operations saw a robust 24.6% YoY growth to reach ₹1,463.94 crore, driven by strong real estate demand and project executions.
Key Financial Highlights for Q3 FY25:
- Revenue from operations: ₹1,463.94 crore (up 24.6% YoY from ₹1,173.77 crore)
- Total income: ₹1,529.68 crore (up 26.6% YoY from ₹1,208.18 crore)
- Net profit: ₹235.5 crore (up 321.8% YoY from ₹55.79 crore)
- Profit before tax (PBT): ₹288.84 crore (up from ₹79.46 crore in Q3 FY24)
- Total expenses: ₹1,240.84 crore (up from ₹1,128.72 crore in Q3 FY24)
For the nine months ended December 31, 2024, total revenue stood at ₹3,781.25 crore, reflecting a 14.5% YoY growth, while net profit surged 126.2% YoY to ₹431.1 crore.
Growth Drivers:
- Strong demand in the real estate segment with key project launches.
- Significant cost optimizations in sub-contractor costs and land purchase costs.
- Employee benefits expenses and finance costs remained controlled, supporting profitability.
- Increased contribution from commercial and residential developments.
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