Brigade Enterprises Q4 Review - Record Quarter For Residential Sales: ICICI Securities
Residential complex developed by Brigade Enterprises Ltd. at Banjara Hills Hyderabad. (Source: Company website).

Brigade Enterprises Q4 Review - Record Quarter For Residential Sales: ICICI Securities

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 Securities Report

Q4 FY21 saw Brigade Enterprises Ltd.’s clocking record residential volumes of 1.66 million square feet worth Rs 10.2 billion (up 56% YoY in value terms) driven by strong uptick in sales from its Hyderabad and Chennai projects which accounted for 40% of the quarter’s sales.

While incremental office leasing and malls/hotels will continue to see pressure in H1 FY22, we expect H2 FY22 to see a gradual pickup in these segments.

With peak capex behind and a strong pipeline of residential launches, we remain bullish on the company’s long-term prospects.

Click on the attachment to read the full report:

ICICI Securities Brigade Enterprises Q4FY21 Result Update.pdf

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