loader2
Login Open ICICI 3-in-1 Account
  • Text Size
  • Text to Speech
  • Color Contrast
  • Pause Animations

Open ICICI
3-in-1 Account

Manage your Savings, Demat and Trading Account conveniently at one place

+91

BLOG

Brigade Enterprises reported pre-sales of ₹ 1061 crore in Q1FY27

ICICIdirect Research 14 Aug 2026 DISCLAIMER

News: Brigade Enterprises reported pre-sales of ₹ 1061 crore in Q1FY27 (vs ₹ 1118 in Q1FY26 and ₹ 2521 crore in Q4FY26), Bengaluru led pre-sales at 58% mix followed by Chennai (28%) and Hyderabad (14%). BEL sold 0.74 msf in Q1FY27 at an average realisation of ₹14256 psf up 21% YoY. Q1FY27 Collections at ₹ 1856 crore up 7.6% YoY (vs ₹1728 in Q1FY26 and ₹1985 in Q4FY26). It launched projects with 4 msf saleable area during Q1FY27 across Bengaluru and Hyderabad. On the leasing side revenue up 9% YoY to ₹328 crore in Q1FY27 led by a 11% growth in retail footfalls and 35% retail sales consumption. Hospitality 's occupancy stood at 76%, ARR of ₹ 7241 up 7% YoY clocking in total revenue of ₹145 crore up 3% YoY. On a consolidated basis the company reported Revenue EBITDA and PBT of ₹1178, ₹425 and ₹217 crore down 23%, 1% and +1% YoY respectively. There is an exceptional gain on sale of 50% stake in a subsidiary to bain capital of ₹43 crore which takes PAT to ₹217 crore up 14% YoY. BEL has gross debt of ₹5305 crore and net debt of ₹2218 crore (BEL share 1541 crore) resulting in net debt to equity ratio of 0.26. The cost of debt at 7.61%

View: The company reported softer pre-sales during Q1FY27 in-line with most of the industry peers facing slow start for FY27. Collections showed steady growth YoY. Leasing portfolio reported healthy growth led by consumption growth. Lower revenue booking impacted reported earnings during the quarter.

Impact: Neutral

Download ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere

Download ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere