Brigade Enterprises Ltd (NSE:BRIGADE)

Q3 2026 Brigade Enterprises Ltd Earnings Call Transcript

Feb 2, 2026 / 09:00 AM GMT

Release Date Price: ₹554.1 (-0.08%)

Transcript

Key Points

Positve

Brigade Enterprises Ltd (BOM:532929) achieved pre-sales of INR 1,750 crores and a pre-sales volume of 1.33 million square feet in Q3 FY26, with a 16% growth in average realization per square foot over the previous year.
The company has a strong pipeline with approximately 12 million square feet of launches planned over the next four quarters, indicating robust future growth potential.
Brigade's commercial office portfolio maintained a healthy occupancy rate of around 93%, supported by steady demand from sectors like healthcare and education.
The hospitality segment showed significant growth, with revenue and RevPAR increasing by 14% and 17% respectively, driven by a 17% rise in ADR.
Brigade Enterprises Ltd (BOM:532929) has reduced its average cost of debt significantly by 115 basis points to 7.61%, enhancing financial efficiency.

Negative

Quarterly sales did not increase significantly due to approval-related delays for launching new projects, impacting the sales trajectory.
Operating cash flow has declined substantially, attributed to higher construction costs and elevated sales and marketing expenses despite limited launches.
There are ongoing regulatory hurdles affecting projects like Brigade Morgan Heights, with hearings expected to resolve issues.
The company faced delays in project approvals, particularly in Bangalore, affecting the timing of launches and sales.
The real estate segment's margins have moderated, primarily due to older projects being recognized and the impact of Ind AS accounting.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BRIG.NS - Brigade Enterprises Ltd
Q3 2026 Brigade Enterprises Ltd Earnings Call
Feb 02, 2026 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Brigade Enterprise Limited's Q3F526 financial resources conference call.

As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing and 0 on your touchstone 4.

I now hand the conference over to Miss Pavitra Shankar, managing director of Briga Enterprises Limited.

Thank you and over to you, ma'am.

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Unidentified_2 [2]
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