Brigade Enterprises Sees Strong Sales Volume Growth In Q3: ICICI Direct
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ICICI Direct Report
Key highlight of Brigade Enterprises Ltd.’s Q3 FY21 result was life-time high sales volume of approximately 1.5 million square feet worth Rs 923 crore, up 42% and 55% YoY, respectively, driven by strong traction of newly launched project in Hyderabad along with ongoing projects.
On the financial numbers, reported revenues grew 16.7% YoY to Rs 644.8 crore, on account of strong revenue recognition in the residential segment.
Reported Ebitda margins were down 520 basis points YoY to 23%. The company reported a loss of Rs 16.1 crore.
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