Brigade Enterprises Ltd. reported a weak set of quarterly earnings for the fourth quarter of FY26, with profit and operating margins coming under pressure, even as the real estate developer announced a 1:3 bonus share issue and a final dividend for shareholders.
The company reported revenue from operations of ₹1,457 crore for the March quarter, marginally down 0.2% year-on-year from ₹1,460 crore in the corresponding period last year. Net profit declined sharply by 42% to ₹145 crore, compared with ₹250 crore a year ago.
EBITDA for the quarter fell 12.3% year-on-year to ₹364 crore from ₹415 crore, while EBITDA margin compressed to 25.02% from 28.48% in the year-ago period.
Despite the weaker earnings performance, the board approved the issuance of bonus equity shares in the ratio of 1:3. Under the proposal, shareholders will receive one bonus equity share of ₹10 each for every three fully paid-up equity shares held. The bonus issue remains subject to shareholder approval through postal ballot under the Companies Act, 2013.
The company said the record date for determining eligible shareholders for the bonus shares will be announced separately.
In addition, Brigade Enterprises’ board recommended a final dividend of ₹2 per equity share of face value ₹10 each, translating into a 20% payout for FY26. The dividend proposal is subject to shareholder approval at the company’s ensuing 31st Annual General Meeting and will be paid within 30 days from the date of approval.
Brigade Enterprises is one of South India’s leading real estate developers with a presence across residential, commercial, retail, hospitality and mixed-use developments, particularly in Bengaluru, Chennai, Hyderabad and other major cities.
The announcement of the bonus issue is likely to remain a key trigger for investor sentiment despite the softer quarterly earnings performance.