Q4 2025 Brigade Enterprises Ltd Earnings Call Transcript
Key Points
- Brigade Enterprises Ltd (BOM:532929) reported its highest ever real estate sales value of INR7,847 crore for FY25, marking a 31% growth over FY24.
- The company achieved a landmark completion of 100 million square feet of development across projects since inception.
- The leasing segment recorded a revenue of INR1,165 crore in FY25, a growth of 24% over FY24.
- Brigade Enterprises Ltd maintained zero residential debt across the group, driven by robust sales and collections.
- The company has a robust pipeline for FY26, with about 16 million square feet of development planned across residential, commercial, and hospitality segments.
- The real estate segment's pre-sales volume for FY25 was down 7% year-on-year, despite the increase in sales value.
- There is a concern about the IT ITS sector slowdown, which could impact demand in key markets like Bangalore.
- The company faces a delay in project approval cycles, adding about two months compared to two years ago.
- The absorption rate of new launches was around 40%, which is lower than the pre-COVID levels of 25%-30%.
- The company is experiencing a moderation in sales velocity, with April showing a slowdown compared to previous months.
Welcome to the Q4 FY25 earnings conference call of Brigade Enterprises Limited. (Operator Instructions) Please note that this conference is being recorded.
We have the management of Brigade Enterprises Limited. I now hand the conference over to Mr MR Jaishankar, Executive Chairman, for the opening remarks. Thank you and over to you, sir.
Thank you. Good afternoon, ladies and gentlemen, and welcome to the Brigade Enterprises full year --financial year '25 earnings call. I'm joined today by our Managing Director, Ms. Pavitra Shankar; Joint Managing Director Ms Nirupa Shankar; Executive Director, Mr Roshin Mathew; Mr Amar Mysore; Mr Pradyumna Krishna Kumar; our CFO Mr Jayant Manmadkar; and members of our senior management team.
We are pleased to report that this year was the best ever in terms of project launches, re-sales by value, and collections in a financial year marked by robust growth across all our business verticals. As of March 31, 2025, Brigade has also
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