Brigade Enterprises reports strong Q2 FY26 performance with increased revenue

Brigade Enterprises Limited reported a strong performance for Q2 FY 2025-26, with consolidated revenue reaching INR1,430 crores, a 26% increase over Q2 FY 2025. The company achieved presales of INR2,034 crores in the real estate segment, marking a 12% growth over Q2 FY 2025, with a sales volume of 1.90 million square feet at an average realization of INR12,236 per square foot. Total collections for the quarter stood at INR2,003 crores. The company plans approximately 11 million square feet in residential launches for the next four quarters across Bengaluru, Chennai, Hyderabad, and Mysuru.

The leasing portfolio maintained a strong occupancy of 92%, with 8.67 million square feet leased out of 9.38 million square feet. Revenue from the leasing segment was INR341 crores, a 17% increase, contributing to an EBITDA of INR223 crores. The hospitality segment also saw steady growth, with turnover increasing by 16% to INR138 crores, and portfolio occupancy at 76%. The company's net debt outstanding was INR1,717 crores, with 93% of the debt backed by commercial rental income.

Brigade Enterprises has a pipeline of about 15 million square feet of upcoming launches, including a mixed-use development in North Bangalore and premium residential projects in South and East Bangalore. The company also announced strategic long-term leases and joint development agreements, emphasizing its commitment to expanding across key markets.