Shares of Brigade Enterprises Ltd fell nearly 3% to ₹1,061.50 on Wednesday after the company reported a mixed set of numbers for the March quarter. While net profit saw a healthy increase, the decline in revenue and marginal EBITDA drop weighed on investor sentiment.
For Q4 FY25, the real estate major posted a 19.8% year-on-year rise in net profit to ₹246.8 crore, compared to ₹206 crore in the year-ago period. However, revenue from operations dipped 14.2% to ₹1,460.4 crore from ₹1,702.4 crore in Q4 FY24.
EBITDA for the quarter fell 3.8% to ₹416 crore, even as margins improved to 28.5% from 25.4% in the same period last year. This slight contraction in operating earnings appears to have triggered some profit booking in the stock, despite overall annual performance remaining strong.
For the full year FY25, the company reported revenue of ₹5,314 crore, up 5% YoY. EBITDA increased 21% to ₹1,654 crore and profit before tax rose 53% to ₹869 crore. Sales value for Q4 stood at ₹2,448 crore, up 9% YoY, while annual sales surged 31% to ₹7,847 crore with collections reaching ₹7,250 crore, up 23%.
Additionally, the company’s leasing business posted a 34% jump in revenue to ₹331 crore, and Q4 profit before tax from this segment grew to ₹306 crore from ₹279 crore.
Brigade also announced a final dividend of ₹2.50 per share, pending shareholder approval.
Despite strong fundamentals and growth in key verticals, the dip in quarterly revenue and operational profit appears to have led to a short-term negative reaction in the stock price.
