Brigade Enterprises

Realty firm Brigade Enterprises has sold housing and commercial properties worth Rs 2,618.5 crore during the first three quarters of 2022-23 fiscal, up 31 per cent from the year-ago period, on better demand and higher price realisation. Bengaluru-based Brigade Enterprises is one of the leading real estate firms in the country with a strong presence in South India. In its investor presentation, the company highlighted that it has "achieved sales value of Rs 26,185 million (Rs 2,618.5 crore) during 9 months of FY23, a growth of 31 per cent over 9 month of FY22". Its sales bookings stood at Rs 1,994.8 crore in the year-ago period. In volume terms, the sales bookings rose 25 per cent to 39,58,000 square feet during the April-December period of 2022-23 fiscal from 31,68,000 square feet in the corresponding period of the previous fiscal. The average sales realisation grew 5 per cent to Rs 6,616 per square feet from Rs 6,298 per square feet. Out of the total sales bookings in the first

Realty firm Brigade Enterprises Ltd's sales bookings rose by 48 per cent to Rs 1,009.7 crore in the third quarter of this fiscal on higher volumes and price realisation amid strong housing demand. The Bengaluru-based company sold residential and commercial properties worth Rs 684.2 crore in the year-ago period. According to an investor presentation by the company, the average sales realisation rose 5 per cent to Rs 6,590 per square feet during the third quarter of this fiscal from Rs 6,281 per square feet in the year-ago period. In volume terms, its sales bookings rose 41 per cent to 15,33,000 square feet in the October-December period of 2022-23 fiscal from 10,90,000 square feet in the year-ago period. Out of the total sales booking in the third quarter, the residential properties contributed Rs 939.4 crore while the commercial properties Rs 70.3 crore. On the financial front, Brigade Enterprises net profit fell to Rs 42.68 crore in the third quarter of this fiscal year from Rs 4

'If there is an IT slowdown, we see demand consolidating with branded, listed players like ours as a flight to quality'

While rising interest rates are expected to hamper affordability among buyers, analysts expect the underlying need for homeownership to remain strong, which would buoy housing sales going ahead

Among the realty pack, Indiabulls Real Estate trades in a bear grip, while Brigade and Phoenix Mills may see an upside of 14 per cent.

Among the most buzzing stocks, Spicejet surged 18 per cent. MOIL soared close to 9 per cent, while eClerx Services, Brigade Enterprises and Rossari Biotech were trading with 5-6 per cent gains

The Joint Development Agreement is for a large residential township development project at Perumbakkam, which is one of the fast-emerging residential hubs in Chennai

Among other real-estate stocks, Indiabulls Real Estate remains in the bear trap, while Sobha and Godrej Properties were seen struggling to make a come back.

'We plan to launch 8 million square feet in residential projects and 2 million square feet in commercial projects in FY23'

The technical analyst from HDFC Securities expects the Nifty to rally towards 17,794 on a breakout above 17,500-level.

Bengaluru-based realty firm Brigade Enterprises Ltd on Thursday reported a consolidated net profit of Rs 78.36 crore for the quarter ended December. The company had posted a net loss of Rs 16.12 crore in the year-ago period. Total income rose to Rs 933.19 crore in the third quarter of this fiscal, from Rs 653.65 crore in the corresponding period of the previous year, according to a regulatory filing.

The company has reported sales of 1.1 million square feet valued at Rs 684 crore during Q3 of FY22

Mehul Kothari of Anand Rathi is bullish on Brigade Enterprises and Laxmi Organic Industries

The firm saw Rs 831 crore in sales value in Q2, up 73% YoY

The Nifty Realty Index can soar up to 15% on hopes of a strong demand for housing this festive season

Most stocks in the real estate segment are set to add more gains in the coming sessions

Bengaluru-based developer Puravankara has initiated a similar increase in prices

Together they sold 21.23 mn sq ft area during first three quarters of FY21 (April-December 2020) despite the first wave of Covid-19, up 2% two over the year-ago period

At 10:52 am, Nifty PSU Bank, Nifty Auto and Nifty Realty indices were trading higher in the range of 1 per cent to 1.5 per cent on the NSE

The firm reported a consolidated net loss of Rs 16.12 crore for the quarter ended December