Q3 2025 Brigade Enterprises Ltd Earnings Call Transcript
Key Points
- Brigade Enterprises Ltd (BOM:532929) reported a strong performance in Q3 FY25 with a 27% increase in consolidated revenue compared to Q3 FY24.
- The company achieved a 62% increase in consolidated EBITDA for Q3 FY25, with an EBITDA margin of 31%.
- The Real Estate segment saw a 30% growth in presales over the previous quarter, with a sales value increase of 7%.
- Brigade Gateway-Hyderabad, a mixed-use development, received a tremendous response, selling 200 out of 250 available units for INR1,000 crore.
- The company maintains a strong liquidity position with a net debt of INR367 crore and a debt-to-equity ratio of 0.18, supported by robust cash flows and QIP funds.
- Approval challenges in Bangalore are causing delays, impacting the speed of project launches.
- The leasing revenue for Q3 FY25 showed a decline compared to previous quarters due to one-time property tax charges.
- The company faces regulatory restrictions on discussing its hospitality business due to a DRHP filing.
- There is a noted dip in total collections for the quarter, attributed to the timing of new project launches.
- The company is not seeing much appetite for affordable housing, focusing instead on mid-segment and premium housing.
Ladies and gentlemen, good day, and welcome to Brigade Enterprises Limited Q3 FY25 earnings conference call. We have with us the management of Brigade Enterprises Limited. As a reminder, all participant lines will be on listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. M.R. Jaishankar, Executive Chairman. Thank you, and over to you, sir.
Thank you. Good afternoon, ladies and gentlemen, and welcome to the Brigade Enterprises Q3 FY25 earnings call. I'm joined by our Managing Director, Ms. Pavitra Shankar; Joint Managing Director, Ms. Nirupa Shankar; our Executive Directors, Mr. Roshin Mathew, Mr. Amar Mysore, and Mr. Pradyumna Krishna Kumar; CFO, Jayant Manmadkar; along with the members of the senior management team.
We are pleased to share that Q3 FY25 has been a period
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