Brigade Enterprises Q4 Review - Life-Time High Sales Volume Growth: ICICI Direct

Brigade Enterprises Ltd.'s completed project in Whitefield Bangalore. (Source: Company Website).

Brigade Enterprises Q4 Review - Life-Time High Sales Volume Growth: ICICI Direct

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

ICICI Direct Brigade Enterprises Q4FY21 Result Update.pdf

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