Brigade Enterprises Sees Nearly Threefold Profit Surge in Q4
ECONOMY & POLICY

Brigade Enterprises Sees Nearly Threefold Profit Surge in Q4

Realty firm Brigade Enterprises Ltd reported a nearly three-fold increase in its consolidated net profit for the March quarter, reaching Rs 2.06 billion. This significant growth was attributed to a substantial rise in income, up from a net profit of Rs 692.5 million in the same period last year.

The company's total income surged to Rs 17.62 billion in the fourth quarter of the last fiscal, compared to Rs 8.72 billion in the corresponding quarter of the previous year.

For the entire 2023-24 fiscal year, Brigade Enterprises achieved a net profit of Rs 4.51 billion, up from Rs 2.91 billion the previous year. Additionally, the total income for the fiscal year increased to Rs 50.64 billion, compared to Rs 35.63 billion in the 2022-23 fiscal year.

The impressive financial performance highlights Brigade Enterprises' strong growth trajectory, driven by increased revenue and strategic initiatives in the real estate sector.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

Realty firm Brigade Enterprises Ltd reported a nearly three-fold increase in its consolidated net profit for the March quarter, reaching Rs 2.06 billion. This significant growth was attributed to a substantial rise in income, up from a net profit of Rs 692.5 million in the same period last year. The company's total income surged to Rs 17.62 billion in the fourth quarter of the last fiscal, compared to Rs 8.72 billion in the corresponding quarter of the previous year. For the entire 2023-24 fiscal year, Brigade Enterprises achieved a net profit of Rs 4.51 billion, up from Rs 2.91 billion the previous year. Additionally, the total income for the fiscal year increased to Rs 50.64 billion, compared to Rs 35.63 billion in the 2022-23 fiscal year. The impressive financial performance highlights Brigade Enterprises' strong growth trajectory, driven by increased revenue and strategic initiatives in the real estate sector.

Next Story
Real Estate

Housing sales up 5% to 87,108 units across 8 cities in Q2 FY25: Report

Housing sales experienced a 5 per cent annual increase during the July-September period, reaching 87,108 units across eight major cities, driven by strong demand for premium homes, according to a report by Knight Frank India. The real estate consultant released its 'India Real Estate' report for the third quarter of the 2024 calendar year during a webinar, highlighting a moderate rise in housing sales, which contrasted with data from Anarock and PropEquity that indicated a decline in total sales across major cities during the same period. The report mentioned that the residential market had s..

Next Story
Infrastructure Urban

Telangana HC grants bail to Nizampet commissioner in HYDRAA case

Justice Juvvadi Sridevi of the Telangana High Court granted anticipatory bail to Municipal Commissioner P Ramakrishna Rao, who had been charged by the Cyberabad police following a complaint from HYDRAA. The complaint alleged that Rao had granted building permissions within the buffer zone of Errakunta Pond in Bachupally, under the Nizampet municipality. The judge concurred with the argument made by the Municipal Commissioners Association, which stated that the TG b-PASS system had bypassed the municipal commissioners, assigning the responsibility of approving or rejecting building permissions..

Next Story
Real Estate

NRI duped of Rs 30.6 million by Hyderabad real estate company

A Non-Resident Indian (NRI) from Nigeria lost Rs 30.6 million after being lured by a real estate firm that promised to provide him land in Kondapur, where a popular Tollywood hero served as the brand ambassador. After collecting the payment, the accused promised to register the property but ultimately deceived the businessman by making him wait at the sub-registrar's office without showing up. The victim approached the Cyberabad police and filed a criminal case against the proprietor of the real estate company. The complainant had been in search of land with potential for appreciation during ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000