India's Brigade Enterprises quarterly profit surges on strong luxury housing demand

Brigade Enterprises

29/10/2025 13:56

Oct 29 (Reuters) - Indian real-estate developer Brigade Enterprises BRIG.NS reported a higher second-quarter profit on Wednesday, driven by sustained demand for luxury homes and office spaces.

Its consolidated net profit jumped 36.6% to 1.63 billion rupees ($18.5 million) for the three months ended September 30.

Revenue from operations increased 29% to 13.83 billion rupees.

For further results highlights, click nFWN3WA25W.

KEY CONTEXT

Residential real estate developers were projected to retain the robust momentum gained in the first quarter — driven largely by reductions in interest rates.

Revenue from Brigade's real estate segment, which contributes to about 74% total revenue, grew 53.4% year-on-year.

Rival Sobha's SOBH.NS second-quarter profit more than doubled, with sales rising 61%.

Analysts at HDFC Securities expect residential apartment demand to stay strong throughout the year, particularly for developers known for delivering premium gated communities in major metropolitan areas.

PEER COMPARISON

Valuation (next 12 months)
Estimates (next 12 months)
Analysts' sentiment
RIC
PE
EV/EBITDA
Revenue growth (%)
Profit growth (%)
Mean rating*
No. of analysts
Stock to price target**
Div yield (%)
Brigade Enterprises Ltd
BRIG.NS
25.18
13.62
21.16
28.68
BUY
9
0.77
0.25
Prestige Estates Projects Ltd
PREG.NS
45.07
18.28
39.49
82.93
BUY
19
0.93
0.10
Sobha Ltd
SOBH.NS
34.01
20.31
23.52
93.92
BUY
15
0.81
0.20

* The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

JULY-SEPTEMBER STOCK PERFORMANCE

-- All data from LSEG

-- $1 = 87.8950 Indian rupees

Brigade Enterprises July-Sept https://tmsnrt.rs/435iYf7

 (Reporting by Anuran Sadhu in Bengaluru; Editing by Sahal Muhammed)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))