Brigade Enterprises Sees Strong Sales Volume Growth In Q3: ICICI Direct
Tower cranes operate at an Indiabulls Real Estate commercial building construction site in the Lower Parel area of Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Brigade Enterprises Sees Strong Sales Volume Growth In Q3: 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 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.

Click on the attachment to read the full report:

ICICI Direct Brigade Enterprises Q3FY21 Result Update.pdf

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