Brigade Group sets new benchmark with record sales and revenue growth in Q2 FY25

Brigade Group has achieved unprecedented milestones in its latest quarter, reporting a significant 46% increase in real estate sales compared to Q2 FY24, amounting to a record-breaking ₹1,821 crore. Additionally, Brigade’s quarterly collections hit a historic high of ₹1,936 crore, marking a 35% surge year-on-year. The property developer’s strong financial performance highlights a robust market demand, particularly in Bengaluru, where the company continues to dominate.

Real Estate Revenues Reach All-Time High

In Q2 FY25, Brigade Group achieved pre-sales of around 1.68 million square feet, recording an impressive average sales realization of ₹10,832 per square foot, a 45% increase over the same quarter last year. With 25 million square feet in ongoing projects, Brigade Group is capitalizing on demand in Southern India, with a particular focus on upcoming developments in Bengaluru, Chennai, Hyderabad, and Mysuru. According to Brigade Enterprises’ Managing Director Pavitra Shankar, the company’s growth trajectory reflects a dedication to high-quality residential developments backed by a strong financial foundation.

Expanding Portfolio and Diversifying Ventures

Brigade Group’s ventures extend beyond residential developments, with the leasing segment reporting revenue of ₹292 crore and an EBITDA of ₹209 crore in the quarter. Occupancy rates in their portfolio stood at 97%, covering 8.46 million square feet, including hard options. Their flexible workspace venture, BuzzWorks, launched a new facility in Hyderabad, joining existing locations across Bangalore, Chennai, Kochi, and GIFT City in Gujarat.

Hospitality Sector Eyes Public Listing

As Brigade Group strengthens its core sectors, its hospitality arm, Brigade Hotel Ventures Limited, prepares for an initial public offering. The subsidiary has submitted its draft red herring prospectus with the Securities and Exchange Board of India as it evaluates the market conditions and seeks required regulatory approvals. This step is anticipated to broaden Brigade Group’s presence in the hospitality industry while enhancing financial stability across its diversified business units.

Consolidated Financial Overview

Brigade Group’s consolidated financial highlights reveal total income of ₹1,138 crore in Q2 FY25, with EBITDA at ₹358 crore and a PAT of ₹115 crore. Future expansion plans include an ambitious 16 million square feet of new launches over the next four quarters, focusing predominantly on residential projects totaling approximately 13 million square feet.

Industry Experts Weigh In

Real estate analysts noted Brigade’s strategic expansion in key metropolitan areas as a smart move, especially amid steady interest rates and heightened urban housing demand. Experts attribute Brigade’s sustained growth to its strategic portfolio diversification across real estate, leasing, and hospitality sectors, combined with disciplined financial management that has kept residential debt at zero.

Looking Forward: Strong Pipeline and Market Confidence

Brigade Group’s upcoming projects, combined with its ability to maintain debt-free residential operations, signal strong prospects for continued growth. The company anticipates steady momentum in the coming quarters, driven by rising market demand and consumer confidence in Brigade’s quality offerings.