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Brigade Enterprises Ltd Q1FY24; 66% fall in Profits

Brigade Enterprises Ltd was established in 1986. It is a real estate developer in South India, based in Bengaluru, and expanding its area of operations in other parts of India. It has completed over 250 buildings aggregating to over 70 mn. sqft of developed space in residential, offices, retail, and hospitality sectors across Bengaluru and Mysuru, Chennai, Ahmedabad, Hyderabad, Kochi

Financial Results:

Brigade Enterprises Ltd reported Revenues for Q1FY24 of ₹654.00 Crores down from ₹902.00 Crore year on year, a fall of 27.49%.

Total Expenses for Q1FY24 of ₹655.00 Crores down from ₹851.00 Crores year on year, a fall of 23.03%.

Consolidated Net Profit of ₹22.00 Crores down 66.15% from ₹65.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.67, down 56.17% from ₹3.81 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Real Estate
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