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Financial

Brigade Q2: Profit Up 29% to Rs 219 Crore, Sales Rs 1,827 Crore

  • by- Grihik
  • Oct 30, 2026
Brigade's Q2 FY27 profit rose 29% to Rs 218.82 crore and real estate sales were Rs 1,827 crore, while revenue fell 13%. Key numbers.

Bengaluru developer Brigade Enterprises reported a consolidated net profit of Rs 218.82 crore for July-September 2026, up about 29% from Rs 170.28 crore a year earlier. Total revenue fell 12.6% to Rs 1,250 crore from Rs 1,430 crore. The results came on Thursday evening, October 29.

What are the key numbers?

  • Real estate sales: Rs 1,827 crore across 1.3 million sq ft, against Rs 2,034 crore and 1.9 million sq ft a year earlier. Value is about 10% lower and volume about 32% lower (our calculation)

  • Revenue from operations: Rs 1,196.36 crore against Rs 1,383.37 crore

  • EBITDA: Rs 478 crore, up 27.5%

  • Profit before tax: Rs 288 crore, up 47%

  • Real estate segment: revenue of about Rs 760 crore and EBITDA up 59% to Rs 175 crore

  • Collections: Rs 1,633 crore

  • First half: net profit Rs 435.76 crore against Rs 328.23 crore; revenue Rs 2,429 crore against Rs 2,763 crore

 

 

Why did profit rise when revenue fell?

The real estate segment's margin improved sharply, and the company mentioned a strong contribution from its leasing and hospitality businesses. Revenue in a quarter depends on construction progress, which can be lumpy.

What about pricing?

Dividing sales by area gives about Rs 14,050 per sq ft (our calculation), a premium level. Brigade's sales of Rs 1,827 crore were close to the roughly Rs 1,850 crore HDFC Securities had expected, and below the Rs 2,000 crore PL Capital had forecast.

What did management say?

Managing director Pavitra Shankar said residential continues to drive growth, supported by demand and the company's project pipeline, adding that launch momentum picked up. The company recently marked 40 years in business and set a plan to invest about Rs 40,000 crore over three years.

What to watch

Brigade also announced commercial paper issuance and two new real estate subsidiaries, and filings flag ongoing property-tax and environmental litigation.