Brigade Enterprises Ltd.
BRIGADEConsumer Discretionary filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
27 transcript(s)/analyst meet(s) served; 1 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 27 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20190213 | 2018-12-31 | yes | |
| TRANSCRIPT | 20190514 | 2019-03-31 | yes | |
| UNRESOLVED | 20190821 | 2020-03-31 | no | |
| TRANSCRIPT | 20191113 | 2020-03-31 | yes | |
| TRANSCRIPT | 20200211 | 2020-03-31 | yes | |
| TRANSCRIPT | 20200626 | 2020-03-31 | yes | |
| TRANSCRIPT | 20200821 | 2020-06-30 | yes | |
| TRANSCRIPT | 20201123 | 2021-03-31 | yes | |
| TRANSCRIPT | 20210208 | 2021-03-31 | yes | |
| TRANSCRIPT | 20210526 | 2021-03-31 | yes | |
| TRANSCRIPT | 20210811 | 2022-03-31 | yes | |
| TRANSCRIPT | 20211118 | 2022-03-31 | yes | |
| TRANSCRIPT | 20220208 | 2022-03-31 | yes | |
| TRANSCRIPT | 20220518 | 2022-03-31 | yes | |
| TRANSCRIPT | 20221118 | 2022-09-30 | yes | |
| TRANSCRIPT | 20230215 | 2022-12-31 | yes | |
| TRANSCRIPT | 20220808 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230529 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230811 | 2023-06-30 | yes | |
| TRANSCRIPT | 20240809 | 2023-06-30 | yes | |
| TRANSCRIPT | 20250204 | 2023-12-31 | yes | |
| TRANSCRIPT | 20241119 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250519 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250820 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251104 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260206 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260511 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260820 | 2026-06-30 | yes |
BRIGADE
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.
| Last close | 606.20 |
| 52-week range | 476.03 – 781.05 |
| Return 1M | -8.28% |
| Return 3M | 15.42% |
| Return 1Y | -11.66% |
| Return 3Y | 37.12% |
| Return 5Y | 92.86% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 1,116.00 |
| Other income | 64.00 |
| Total income | 1,179.00 |
| Cost of materials consumed | 155.00 |
| Purchases of stock-in-trade | 0.00 |
| Changes in inventories | -200.00 |
| Employee benefit expense | 135.00 |
| Finance costs | 109.00 |
Ownership — 2026-06-30, and the change from 2026-06-18
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.41 | 0.00 |
| institutions foreign | 0.16 | -0.00 |
| institutions domestic | 0.25 | -0.00 |
| mutual funds | 0.23 | -0.00 |
| public | 0.59 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-06-30 | 27 |
| UNRESOLVED | 2020-03-31 | 1 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 879.00 | 820.00 | 843.00 | 654.00 | 1,367.00 | 1,174.00 | 1,702.00 | 1,078.00 | 1,072.00 | 1,464.00 | 1,460.00 | 1,281.00 | 1,383.00 | 1,575.00 | 1,458.00 | 1,116.00 |
| Other income | 33.00 | 38.00 | 30.00 | 31.00 | 41.00 | 34.00 | 60.00 | 36.00 | 66.00 | 66.00 | 72.00 | 52.00 | 46.00 | 48.00 | 66.00 | 64.00 |
| Total income | 912.00 | 859.00 | 872.00 | 685.00 | 1,408.00 | 1,208.00 | 1,763.00 | 1,113.00 | 1,138.00 | 1,530.00 | 1,532.00 | 1,333.00 | 1,430.00 | 1,623.00 | 1,523.00 | 1,179.00 |
| Cost of materials consumed | 31.00 | 35.00 | 39.00 | 35.00 | 47.00 | 49.00 | 59.00 | 44.00 | 52.00 | 54.00 | 158.00 | 154.00 | 192.00 | 156.00 | 281.00 | 155.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 23.00 | 0.00 | 0.00 |
| Changes in inventories | -87.00 | -162.00 | -890.00 | -166.00 | -7.00 | -885.00 | 247.00 | -33.00 | -132.00 | 35.00 | -1,217.00 | -605.00 | -944.00 | 190.00 | -1,209.00 | -200.00 |
| Employee benefit expense | 64.00 | 71.00 | 71.00 | 72.00 | 78.00 | 81.00 | 86.00 | 88.00 | 99.00 | 106.00 | 110.00 | 109.00 | 118.00 | 123.00 | 132.00 | 135.00 |
| Finance costs | 110.00 | 118.00 | 100.00 | 108.00 | 110.00 | 135.00 | 138.00 | 152.00 | 123.00 | 114.00 | 107.00 | 106.00 | 102.00 | 90.00 | 112.00 | 109.00 |
| Depreciation and amortisation | 78.00 | 78.00 | 83.00 | 68.00 | 76.00 | 82.00 | 76.00 | 68.00 | 69.00 | 76.00 | 76.00 | 76.00 | 76.00 | 80.00 | 80.00 | 73.00 |
| Other expenses | 654.00 | 668.00 | 1,421.00 | 537.00 | 924.00 | 1,667.00 | 877.00 | 686.00 | 762.00 | 855.00 | 1,994.00 | 1,300.00 | 1,689.00 | 672.00 | 1,888.00 | 664.00 |
| Total expenses | 850.00 | 809.00 | 824.00 | 655.00 | 1,228.00 | 1,129.00 | 1,484.00 | 1,005.00 | 972.00 | 1,241.00 | 1,227.00 | 1,139.00 | 1,234.00 | 1,334.00 | 1,285.00 | 937.00 |
| Profit before exceptional items and tax | 62.00 | 50.00 | 48.00 | 30.00 | 180.00 | 79.00 | 279.00 | 108.00 | 166.00 | 289.00 | 306.00 | 194.00 | 196.00 | 289.00 | 238.00 | 243.00 |
| Exceptional items | 18.00 | 0.00 | 17.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -19.00 | 5.00 | 43.00 |
| Profit before tax | 80.00 | 50.00 | 65.00 | 30.00 | 180.00 | 79.00 | 279.00 | 108.00 | 166.00 | 289.00 | 306.00 | 194.00 | 196.00 | 270.00 | 244.00 | 286.00 |
| Current tax | 41.00 | 23.00 | 51.00 | 49.00 | 45.00 | 46.00 | 61.00 | 74.00 | 76.00 | 63.00 | 90.00 | 154.00 | 99.00 | 72.00 | 131.00 | 110.00 |
| Deferred tax | -13.00 | -16.00 | -49.00 | -41.00 | 23.00 | -22.00 | 7.00 | -46.00 | -25.00 | -9.00 | -34.00 | -118.00 | -74.00 | -9.00 | -76.00 | -42.00 |
| Tax expense | 28.00 | 7.00 | 2.00 | 8.00 | 68.00 | 24.00 | 68.00 | 28.00 | 51.00 | 53.00 | 56.00 | 36.00 | 25.00 | 64.00 | 54.00 | 68.00 |
| Profit for the period | 52.00 | 43.00 | 63.00 | 22.00 | 112.00 | 56.00 | 211.00 | 81.00 | 115.00 | 236.00 | 249.00 | 158.00 | 170.00 | 206.00 | 191.00 | 217.00 |
| Profit attributable to owners | 78.00 | 57.00 | 69.00 | 39.00 | 134.00 | 73.00 | 206.00 | 84.00 | 119.00 | 236.00 | 247.00 | 150.00 | 162.00 | 187.00 | 145.00 | 200.00 |
| Profit attributable to non-controlling interests | -26.00 | -14.00 | -6.00 | -17.00 | -21.00 | -18.00 | 5.00 | -3.00 | -4.00 | -1.00 | 3.00 | 8.00 | 8.00 | 19.00 | 45.00 | 17.00 |
| Other comprehensive income | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | -4.00 | -0.00 | 0.00 | -0.00 | 3.00 | 0.00 |
| Total comprehensive income | 52.00 | 43.00 | 63.00 | 22.00 | 112.00 | 56.00 | 210.00 | 81.00 | 115.00 | 236.00 | 245.00 | 158.00 | 170.00 | 206.00 | 194.00 | 217.00 |
| Earnings per share, basic | 3.37 | 2.47 | 3.00 | 1.67 | 5.79 | 3.18 | 8.92 | 3.62 | 4.94 | 9.98 | 10.35 | 6.13 | 6.65 | 7.63 | 5.95 | 6.14 |
| Earnings per share, diluted | 3.36 | 2.46 | 2.99 | 1.66 | 5.77 | 3.16 | 8.89 | 3.61 | 4.92 | 9.95 | 10.32 | 6.12 | 6.64 | 7.62 | 5.94 | 6.14 |
Annual results, as filed
| Line | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,973.00 | 2,632.00 | 1,950.00 | 2,999.00 | 3,445.00 | 4,897.00 | 5,074.00 | 5,697.00 |
| Other income | 54.00 | 49.00 | 60.00 | 67.00 | 119.00 | 167.00 | 239.00 | 212.00 |
| Total income | 3,027.00 | 2,682.00 | 2,010.00 | 3,066.00 | 3,563.00 | 5,064.00 | 5,314.00 | 5,909.00 |
| Cost of materials consumed | 139.00 | 130.00 | 74.00 | 105.00 | 137.00 | 191.00 | 504.00 | 784.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 23.00 |
| Changes in inventories | -678.00 | -402.00 | -695.00 | -426.00 | -1,103.00 | -811.00 | -1,348.00 | -2,568.00 |
| Employee benefit expense | 188.00 | 216.00 | 151.00 | 207.00 | 268.00 | 318.00 | 405.00 | 482.00 |
| Finance costs | 278.00 | 340.00 | 347.00 | 444.00 | 434.00 | 491.00 | 495.00 | 409.00 |
| Depreciation and amortisation | 140.00 | 192.00 | 237.00 | 351.00 | 315.00 | 302.00 | 289.00 | 312.00 |
| Other expenses | 2,534.00 | 2,024.00 | 1,949.00 | 2,347.00 | 3,284.00 | 4,005.00 | 4,099.00 | 5,549.00 |
| Total expenses | 2,602.00 | 2,501.00 | 2,062.00 | 3,027.00 | 3,334.00 | 4,495.00 | 4,444.00 | 4,992.00 |
| Profit before exceptional items and tax | 426.00 | 180.00 | -51.00 | 39.00 | 229.00 | 569.00 | 869.00 | 917.00 |
| Exceptional items | 0.00 | -20.00 | -76.00 | -57.00 | 45.00 | 0.00 | 0.00 | -14.00 |
| Profit before tax | 426.00 | 160.00 | -128.00 | -18.00 | 274.00 | 569.00 | 869.00 | 904.00 |
| Current tax | 103.00 | 72.00 | 58.00 | 99.00 | 150.00 | 201.00 | 303.00 | 456.00 |
| Deferred tax | 43.00 | -25.00 | -86.00 | -49.00 | -95.00 | -33.00 | -114.00 | -277.00 |
| Tax expense | 146.00 | 47.00 | -29.00 | 50.00 | 56.00 | 168.00 | 189.00 | 179.00 |
| Profit for the period | 282.00 | 114.00 | -96.00 | -65.00 | 222.00 | 401.00 | 680.00 | 725.00 |
| Profit attributable to owners | 240.00 | 131.00 | -46.00 | 83.00 | 291.00 | 452.00 | 686.00 | 644.00 |
| Profit attributable to non-controlling interests | 42.00 | -17.00 | -50.00 | -148.00 | -69.00 | -51.00 | -5.00 | 80.00 |
| Other comprehensive income | 1.00 | -2.00 | -0.00 | 2.00 | -0.00 | -0.00 | -4.00 | 3.00 |
| Total comprehensive income | 283.00 | 112.00 | -97.00 | -63.00 | 222.00 | 401.00 | 676.00 | 728.00 |
| Earnings per share, basic | 17.62 | 6.39 | -2.24 | 3.67 | 12.64 | 19.56 | 28.74 | 26.36 |
| Earnings per share, diluted | 17.58 | 6.34 | -2.24 | 3.66 | 12.61 | 19.51 | 28.68 | 26.33 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 15,722.00 | 16,377.00 | 16,960.00 | 17,886.00 | 20,640.00 | 22,090.00 | 24,266.00 | 26,253.00 |
| Non-current assets | 6,807.00 | 6,665.00 | 6,696.00 | 7,380.00 | 8,081.00 | 8,308.00 | 9,540.00 | 10,140.00 |
| Current assets | 8,916.00 | 9,712.00 | 10,264.00 | 10,506.00 | 12,559.00 | 13,782.00 | 14,726.00 | 16,114.00 |
| Property, plant and equipment | 901.00 | 881.00 | 862.00 | 901.00 | 893.00 | 992.00 | 1,057.00 | 1,057.00 |
| Capital work-in-progress | 635.00 | 740.00 | 805.00 | 1,232.00 | 1,949.00 | 1,929.00 | 3,138.00 | 3,584.00 |
| Goodwill | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 |
| Other intangible assets | 18.00 | 17.00 | 16.00 | 15.00 | 14.00 | 15.00 | 14.00 | 17.00 |
| Inventories | 6,279.00 | 7,327.00 | 7,500.00 | 7,736.00 | 7,733.00 | 8,869.00 | 10,444.00 | 11,401.00 |
| Trade receivables | 494.00 | 462.00 | 511.00 | 500.00 | 582.00 | 629.00 | 626.00 | 601.00 |
| Cash and cash equivalents | 310.00 | 396.00 | 422.00 | 574.00 | 701.00 | 1,870.00 | 1,197.00 | 1,486.00 |
| Total equity and liabilities | 15,722.00 | 16,377.00 | 16,960.00 | 17,886.00 | 20,640.00 | 22,090.00 | 24,266.00 | 26,253.00 |
| Equity | 2,993.00 | 3,144.00 | 3,292.00 | 3,558.00 | 5,186.00 | 5,915.00 | 7,114.00 | 7,524.00 |
| Equity share capital | 231.00 | 231.00 | 231.00 | 231.00 | 244.00 | 244.00 | 244.00 | 245.00 |
| Other equity | 2,843.00 | 3,014.00 | 3,151.00 | 3,418.00 | 4,908.00 | 5,394.00 | 6,237.00 | 6,576.00 |
| Total liabilities | 12,730.00 | 13,234.00 | 13,668.00 | 14,328.00 | 15,454.00 | 16,175.00 | 17,152.00 | 18,729.00 |
| Non-current liabilities | 4,618.00 | 4,482.00 | 4,774.00 | 5,290.00 | 5,246.00 | 4,766.00 | 5,089.00 | 5,749.00 |
| Current liabilities | 8,112.00 | 8,752.00 | 8,894.00 | 9,039.00 | 10,208.00 | 11,408.00 | 12,063.00 | 12,980.00 |
| Borrowings, non-current | 4,249.00 | 4,193.00 | 4,420.00 | 4,887.00 | 4,820.00 | 4,361.00 | 4,602.00 | 5,268.00 |
| Borrowings, current | 475.00 | 355.00 | 371.00 | 450.00 | 395.00 | 913.00 | 545.00 | 842.00 |
| Trade payables | 745.00 | 735.00 | 684.00 | 760.00 | 819.00 | 786.00 | 1,004.00 | 882.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 598.00 | 966.00 | 78.00 | 334.00 | 933.00 | 995.00 | -185.00 | -137.00 |
| Net cash from investing activities | -361.00 | -271.00 | 66.00 | -385.00 | -1,810.00 | -590.00 | -978.00 | -1,436.00 |
| Net cash from financing activities | -323.00 | -695.00 | -126.00 | 246.00 | 986.00 | 860.00 | 461.00 | 1,202.00 |
| Purchase of property, plant and equipment | 131.00 | 0.00 | 0.00 | 0.00 | 288.00 | 0.00 | 1,317.00 | 1,739.00 |
| Net increase in cash | -86.00 | 1.00 | 18.00 | 195.00 | 109.00 | 1,265.00 | -702.00 | -372.00 |
| con:CFO.BEFORE_TAX | 666.00 | 1,204.00 | 254.00 | 580.00 | 1,075.00 | 1,315.00 | 77.00 | 368.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | -78.00 | -57.00 | -4.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 67.00 | 159.00 | 119.00 | 242.00 | 142.00 | 320.00 | 262.00 | 505.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 12.00 | 5.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 35.00 | 0.00 | 0.00 | 0.00 | 0.00 | 13.00 | 19.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-05 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-18 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 43.77 | 43.75 | 43.72 | 43.72 | 41.38 | 41.37 | 41.37 | 41.14 | 41.13 | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 |
| Domestic institutions | 25.40 | 25.01 | 23.84 | 22.86 | 24.79 | 24.02 | 22.92 | 22.87 | 23.44 | 0.23 | 0.24 | 0.25 | 0.26 | 0.25 |
| Mutual funds | — | — | — | — | — | — | — | — | 21.12 | 0.21 | 0.21 | 0.22 | 0.23 | 0.23 |
| Insurance companies | 1.33 | 1.26 | 0.92 | 1.12 | 1.37 | 1.27 | 1.22 | 1.33 | 1.67 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 |
| Foreign institutions | 13.40 | 13.73 | 14.87 | 16.17 | 17.30 | 18.46 | 20.23 | 20.21 | 19.33 | 0.19 | 0.18 | 0.17 | 0.16 | 0.16 |
| Government | — | — | — | — | — | — | — | — | 0.00 | 0.00 | — | — | — | — |
| Public | 56.23 | 56.25 | 56.28 | 56.28 | 58.62 | 58.63 | 58.63 | 58.86 | 58.87 | 0.59 | 0.59 | 0.59 | 0.59 | 0.59 |
| Non-institutional | 17.43 | 17.51 | 17.57 | 17.25 | 16.53 | 16.14 | 15.49 | 15.78 | 16.09 | 0.17 | 0.17 | 0.17 | 0.18 | 0.18 |
| Shares outstanding | 230850476 | 230932958 | 231098641 | 231135801 | 244188025 | 244224410 | 244252174 | 244374604 | 244427580 | 244483040 | 244498273 | 244593464 | 326162380 | 326162380 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Reco Iris Pte Ltd | Enterprise owned/Significantly in | Interest paid, Investment, Loan | 1,178,000,000.00 | 4 |
| Brigade Properties Private Limited | Fellow Subsidiary company | Any other transaction, Interest received, Investment | 904,518,000.00 | 14 |
| Mr. Suresh B C | Key Managerial Personnel | Any other transaction, Dividend paid | 800,121,000.00 | 2 |
| Perungudi Real Estates Private Limited | Subsidiary company | Any other transaction, Interest received, Investment | 623,121,000.00 | 12 |
| Mr. Roshin Mathew | Director | Any other transaction, Dividend paid, Remuneration | 513,089,000.00 | 4 |
| Mr. M.R. Jaishankar | Executive Chairman | Any other transaction, Dividend paid, Remuneration, | 362,413,000.00 | 7 |
| WTC Trades & Projects Private Limited | Subsidiary company | Any other transaction, Dividend paid, Dividend recei | 311,486,000.00 | 9 |
| BCV Developers Private Limited | Subsidiary company | Any other transaction, Investment, Loan, Purchase of | 255,102,000.00 | 8 |
| Brigade Infrastructure and Power Private Limited | Fellow Subsidiary company | Any other transaction, Interest received, Investment | 250,049,000.00 | 6 |
| Tetrarch Developers Limited | Subsidiary company | Investment, Loan | 190,000,000.00 | 2 |
| Brigade Hospitality Services Limited | Fellow Subsidiary company | Any other transaction, Dividend received, Investment | 155,953,000.00 | 8 |
| Reco Caspia Pte Ltd | Enterprise owned/Significantly in | Interest paid, Investment | 153,700,000.00 | 2 |
| Ms. Nirupa Shankar | Director | Any other transaction, Dividend paid, Investment, Re | 72,802,000.00 | 6 |
| Brigade Hotel Ventures Limited | Fellow Subsidiary company | Any other transaction, Investment, Loan, Purchase of | 60,976,000.00 | 13 |
| Ms. Githa Shankar | Relatives of KMP/director | Dividend paid, Sale of goods or services | 56,267,000.00 | 3 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-20 | Q1FY27 | BRIGADE ENTERPRISES LIMITED, – BRIGADE ENTERPRISES LIMITED | Read the call |
| 2026-05-11 | Q4FY26 | BRIGADE ENTERPRISES LIMITED, ENTERPRISES LIMITED, – BRIGADE ENTERPRISES LIMITED | Read the call |
| 2026-02-06 | Q3FY26 | BRIGADE ENTERPRISES LIMITED, – BRIGADE ENTERPRISES LIMITED | Read the call |
| 2025-11-04 | Q2FY26 | BRIGADE ENTERPRISES LIMITED, – BRIGADE ENTERPRISES LIMITED | Read the call |
| 2025-08-20 | Q1FY26 | Read the call | |
| 2025-05-19 | Q4FY25 | BRIGADE ENTERPRISES LIMITED, – BRIGADE ENTERPRISES LIMITED | Read the call |
| 2025-02-04 | Q3FY24 | BRIGADE ENTERPRISES LIMITED, – BRIGADE ENTERPRISES LIMITED | Read the call |
| 2024-11-19 | Q2FY25 | BRIGADE ENTERPRISES LIMITED, – BRIGADE ENTERPRISES LIMITED | Read the call |
| 2024-08-09 | Q1FY24 | BRIGADE ENTERPRISES LIMITED, – BRIGADE ENTERPRISES LIMITED | Read the call |
| 2023-08-11 | Q1FY24 | BRIGADE ENTERPRISES LIMITED, – BRIGADE ENTERPRISES LIMITED | Read the call |
| 2023-05-29 | Q4FY23 | LIMITED | Read the call |
| 2023-02-15 | Q3FY23 | - BRIGADE ENTERPRISES LIMITED., BRIGADE ENTERPRISES LIMITED, BRIGADE ENTERPRISES LIMITED. | Read the call |
| 2022-11-18 | Q2FY23 | BRIGADE ENTERPRISES LIMITED | Read the call |
| 2022-08-08 | FYFY23 | DIRECTOR, LOGISTICS, PRESIDENT | Read the call |
| 2022-05-18 | FYFY22 | ENTERPRISES LIMITED, LIMITED | Read the call |
| 2022-02-08 | FYFY22 | BRIGADE ENTERPRISES LIMITED, DIRECTOR, BRIGADE ENTERPRISES LIMITED, ENTERPRISES LIMITED, L | Read the call |
| 2021-11-18 | FYFY22 | BRIGADE ENTERPRISES LIMITED, ENTERPRISES LIMITED | Read the call |
| 2021-08-11 | FYFY22 | Read the call | |
| 2021-05-26 | FYFY21 | DIRECTOR, INVESTOR RELATIONS | Read the call |
| 2021-02-08 | FYFY21 | DIRECTOR | Read the call |
| 2020-11-23 | FYFY21 | BRIGADE ENTERPRISES LIMITED, DIRECTOR, BRIGADE ENTERPRISES LIMITED, ENTERPRISES LIMITED, L | Read the call |
| 2020-08-21 | Q1FY21 | DIRECTOR | Read the call |
| 2020-06-26 | FYFY20 | BRIGADE ENTERPRISES LIMITED, DIRECTOR, BRIGADE ENTERPRISES LIMITED | Read the call |
| 2020-02-11 | FYFY20 | LIMITED | Read the call |
| 2019-11-13 | FYFY20 | BRIGADE ENTERPRISES LIMITED, DIRECTOR, BRIGADE ENTERPRISES LIMITED | Read the call |
| 2019-05-14 | Q4FY19 | BRIGADE ENTERPRISES LIMITED, DIRECTOR, BRIGADE ENTERPRISES LIMITED | Read the call |
| 2019-02-13 | Q3FY19 | BRIGADE ENTERPRISES LIMITED, DIRECTOR, BRIGADE ENTERPRISES LIMITED | Read the call |
What they said about it, quarter by quarter
| Topic | Q3FY19 | Q3FY23 | Q3FY24 | Q3FY26 | Q4FY19 | Q4FY23 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | Sir next on the SABMiller land parcel and I believe you have bought another acre also next to Brigade Gateway from Kirloskar, so all these projects so… | So you can give some sense how the capex will be split? | So Block A, we will be -- sorry, Block C, we have already the OC, but of course, some spend capital expenditures are still remaining, so that will com… | The second question is on your rental capex, right? | 188 crores is the CAPEX loan which is being used for building up the new hotels. | — | — | And just on the balance sheet side while we are now looking forward to roughly INR6,000 crores worth of capex, how should one think about the debt tra… |
| Capital allocation | So firstly on the hotel business what is the status of the divestment of stake to the PE partner over there? | You mentioned in your earlier question and answers that we are in discussion for a land acquisition in the Chennai and Bangalore market. | And approximately, what is the pending to be spent on this acquisition? | — | Sir, lastly any update on the hotel transaction now the divestment which you want to do? | I don't think there will be any negative impact on government increasing the minimum circle rates or guideline value what we call in Bangalore because… | Yesterday also, a big acquisition was announced. | — |
| Costs | — | — | — | — | — | — | — | — |
| Debt and cash | 347 crores as on December 31, 2018 considering the company’s net debt standing as on December 31, 2018 is Rs. | February 10, 2023 Consequently, the company's net debt outstanding as on 31st December ‘22 is INR 1,992 crores, out of which BEL share is INR 1,294 cr… | Net cash flow from operations stood at INR1,551 crores in 9 months FY '25 as compared to INR986 crores in 9-month FY '24, an increase of 57%. | Consequently, the company's net debt outstanding as of 31st December ' 25 was INR1,887 crores, out of which Brigade share of the same is INR1,273 cror… | Consequently the company’s net debt outstanding as on March 2019 was Rs. | — | Net cash flow from operating activities stood at INR586 crores, an increase of 30% over Q3 of FY '25. | To touch upon cash flow performance, primarily linked with sales performance in the initial quarters of the year, our overall collections for the year… |
| Demand | — | There was an encouraging growth in our primary demand segments like the F&B revenues, banquet events and MICE activity picking up pace. | Considering that kind of approach, we are actually seeing a pretty good demand on ground itself. | The Indian hospitality sector continues to see demand outpacing supply with about 1 lakh new rooms expected to be added over the next 5 years. | And we are getting demand from our existing clients and also some smaller tenants. | On the launch pipeline, we have already indicated around 7.5 million square feet to be launched on the residential side. | The market remains resilient with sustained demand across both new launches and ongoing projects, particularly in the sustainable and premium housing … | For FY27, the residential launch pipeline stands at 11.6 million square feet with a GDV of INR11,900 crores. |
| Guidance | Overall the outlook we expect FY20 to be much better for Brigade than FY19 and at the same time we do have stock of completed project which we are agg… | And with a couple of new launches in fourth quarter, do we expect to see an upside to this estimate. | We expect this momentum to continue, driven by strong demand across the residential, office and retail sectors. | So, in FY '26 for the commercial division, about INR600 crores is what we expect to spend. | Second on our residential business now you have done almost 3 million this year, so any target again for next year which you would like to share any g… | Considering our business development pipeline and whatever planned launches for the upcoming year, would you like to share some guidance on the reside… | So in Chennai, we expect to see the same, and the kind of pricing and sales velocity that we have planned will be on those lines. | We expect to launch 4.5 million square feet in Bengaluru and 3 million square feet each in Chennai and Hyderabad. |
| Margin | February 6, 2019 EBITDA margin including other income stood at 27% in this quarter versus 28% the previous quarter. | The consolidated EBITDA for Q3 FY '23 stood at INR 246 crores versus INR 269 crores in Q3 FY '22. | The consolidated EBITDA for Q3 FY '25 stood at INR479 crores as against INR296 crores in Q3 FY '24, an increase of 62%. | EBITDA also grew by 17% for the quarter. | The net debt to EBITDA stood at 3.5x and the return on equity stood at 10%. | My second question on the hospitality business for the record quarter that Brigade has seen this year and you were able to generate around 30% EBITDA … | May 15, 2025 Coming to the group's update for quarter 4 FY '25, the real estate segment clocked a turnover of INR1,050 crores in quarter 4 FY '25 with… | FY '26 saw a 15% increase in revenue and EBITDA compared to FY '25. |
| People | — | — | — | — | — | So despite what is there about the hiring situation or attrition or whatever it may be, I think we have not seen that translate to any drop in leads o… | — | — |
| Pricing | — | Realization increase that you've seen is definitely because we have been able to take up pricing across our entire portfolio, not just in the last few… | January 31, 2025 the pricing environment that we were in. | Firstly, Pavitra, there have been talks of excess unaffordability in Bengaluru market, which are limiting future price hikes. | So for newer launches have we decided to take the price hikes of whatever Rs. | And second, how should one think about the execution over the next 5 years considering that the pricing environment could also be slow compared to wha… | So naturally, the pricing that you're seeing is reflecting that. | And the second is on pricing on the housing side. |
| Revenue growth | — | There has been an all-round improvement in our numbers with both our top line and bottom line, registering higher than pre-COVID quarter 3 levels. | — | In terms of the current year for FY '26 is what I can talk about, we'll have almost INR1,300 crores if we include our commercial facility management a… | — | That GDV should translate to around INR6,000 crores at the top line. | Coming to leasing portfolio, it recorded a revenue of INR1,165 crores in this financial year '25, a growth of 24% over financial year '24. | RevPAR growth of 6% was driven by a 7% improvement on ADR. |
What they said they would do
Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.
| Date | Quarter | Who | What they said |
|---|---|---|---|
| 2019-11-13 | FYFY20 | BRIGADE ENTERPRISES LIMITED | So we are quite hopeful of closing these two requirements and if we are closing these two requirements we will be almost like 50% done of the balance inventories and apart from that all the midsized and the small sized companies that we are signing we should be at a healthy occupancy level like in excess of around 80% by this financial year end. |
| 2021-11-18 | FYFY22 | BRIGADE ENTERPRISES LIMITED | We have a strong pipeline I would not say positive of 1 million square feet and we expect 0.4 to 0.5 million square feet closure in the ongoing quarter. |
| 2021-11-18 | FYFY22 | BRIGADE ENTERPRISES LIMITED | November 12, 2021 the lower rate have got, the revenue has been recognized and that is why there has been some reduction in EBITDA margins but going forward we should see that EBITDA margin should be in the range of 22% to 24% going ahead in residential. |
| 2026-05-11 | Q4FY26 | BRIGADE ENTERPRISES LIMITED | We expect to launch 4.5 million square feet in Bengaluru and 3 million square feet each in Chennai and Hyderabad. |