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Entry Price

270.00

Target

320.00

Recommend Date

08-02-2021

Return

18.52 %
BUY

Date : 08-02-2021

Key highlight of Brigade Enterprises’ (BEL) Q3FY21 result was life-time high sales volume of ~1.5 million square feet (msf) worth | 923 crore, up 42% and 55% YoY, respectively, driven by strong traction of newly launched project in Hyderabad along with ongoing projects. On the financial numbers, reported revenues grew 16.7% YoY to | 644.8 crore, on account of strong revenue recognition in the residential segment. Reported EBITDA margins were down 520 bps YoY to 23%. BEL reported a loss of | 16.1 crore.