Brigade Enterprises Q4 Review - Life-Time High Sales Volume Growth: ICICI Direct
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ICICI Direct Report
Key highlight of Brigade Enterprises Ltd.’s Q4 FY21 result was lifetime high sales volume of ~1.7 million square feet worth Rs 1018 crore, up 58% YoY and 56% YoY, respectively, driven by strong traction of newly launched project in along with ongoing projects.
On the financial numbers, reported revenues grew 24.4% YoY to Rs 791.2 crore, on account of strong revenue recognition in the residential segment.
Reported Ebitda margins were up 260 basis points YoY to 23.9%.
The company reported a loss of Rs 39.6 crore.
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