Brigade Enterprises Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 4 Aug 2026 | Realty | Market Cap: ₹18.6K Cr
The company targets presales of around INR9,000 crores for FY '26, with optimism to meet or come close depending on launches and approvals. Brigade Enterprises expects growth in sales and presales driven by a strong launch pipeline of about 7-11 million sq.
From Brigade Enterprises Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹639
Market Cap
₹18.6K Cr
P/E Ratio
28.5
How does Brigade Enterprises Ltd rank in Realty?
Compare Brigade Enterprises Ltd against every Realty company this quarter on revenue, margins and earnings-call signals.
Brigade Enterprises Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.5K Cr, net profit ₹191 Cr.
Full financials →📊 Revenue & Sales Performance
- →The company targets presales of around INR9,000 crores for FY '26, with optimism to meet or come close depending on launches and approvals.
- →H2 FY '26 has a strong visible launch pipeline of approximately 7 million sq ft valued at INR8,000-8,300 crores, with overall 11 million sq ft planned across the next 4 quarters.
- →Residential sales velocity is expected to improve in H2, driven by new project launches and ongoing market demand, especially in Bangalore's mid-segment.
- →Continued price hikes of 5-7% annually are maintained due to steady inventory movement and demand.
- →The leasing portfolio shows occupancy at 92%, with growth in rental revenue expected driven by new launches.
- →The company is monitoring expansion outside South India but has not made definitive moves yet.
- →Chennai's market is slower but steady; Bangalore and Hyderabad remain prime focus for growth and business development.
📈 Profitability & Margins
- →Brigade Enterprises expects growth in sales and presales driven by a strong launch pipeline of about 7-11 million sq. ft. in the next 6-12 months, primarily in Bangalore and Hyderabad.
- →Revenue growth supported by increasing demand in residential (especially mid-segment in Bangalore) and commercial leasing, with portfolio occupancy at 92%.
- →EBITDA margins are expected to normalize and improve in the coming financial year after a temporary dip this quarter due to project mix and incremental marketing expenses.
- →Rental income projected to rise with new office launches, expected to significantly increase portfolio size and rental revenue beyond the current INR800-850 crores in FY '26.
- →Net profit is anticipated to grow supported by consolidating launches, strong collections, and prudent cost controls, evidenced by a 48% PAT increase in Q2 FY '26.
- →EPS growth is expected aligned with revenue and margin improvements, backed by robust demand and disciplined launch strategies in key cities like Bangalore, Hyderabad, and Chennai.
🏗️ Capital Expenditure Plans
- →Brigade Enterprises has a significant office space launch pipeline, planning to launch up to 6 million sq. ft. soon, up from an earlier 4.2 million sq. ft. estimate, indicating ongoing capital investment in commercial real estate.
- →They are progressing on a large mixed-use development in North Bangalore, targeting a Q4 launch, reflecting strategic investment in mixed-use projects.
- →Residential launches are planned with 7 million sq. ft. expected in H2 FY '26, showing ongoing capital deployment in residential development.
- →Pipeline includes new projects in Bangalore and Hyderabad, with a focus on Bangalore for growth and Hyderabad for maintaining strong demand.
- →The group maintains liquidity with undrawn credit lines and reduced average cost of debt (8.05% as of Sep '25), supporting planned capital investments.
- →No current plans for right issues; debt primarily backed by lease rental income indicates stable financing approach.
- →Exploration of markets outside South India is ongoing but no concrete expansion outside South yet.
💰 Fundraising & Capital Structure
- →No current plans for a rights issue; recently completed a Qualified Institutional Placement (QIP).
- →Debt primarily lease rental discounting (LRD), which is not a major concern.
- →No intentions to give rights issues in the current financial year; potential considerations may be discussed at next year's AGM.
- →The company continues to have adequate liquidity and undrawn credit lines to support growth.
- →No immediate plans for extension or reduction of debt this financial year.
- →The company is monitoring opportunities but has not yet taken any call on entering markets outside South India, implying no current equity fundraise plans.
📋 Order Book & Pipeline
- →As of H1 FY '26, Brigade Enterprises has acquired about 13 million square feet with a GDV of approximately INR 14,000 crores.
- →Significant portions of this are in Bangalore (close to INR 8,000 crores), Chennai (around INR 2,000 crores), and Hyderabad (around INR 2,000 crores).
- →For the second half of the year, there is visibility of about 7 million sq ft launches with a GDV of INR 8,000-8,300 crores.
- →These upcoming launches are crucial for meeting the annual sales target of INR 9,000 crores.
- →The sales performance and ability to hit targets heavily depend on timely launches and government approvals.
- →There is a focus on consolidating Chennai developments and prioritizing efforts on Bangalore, followed by Hyderabad.
- →No specific mention of pending orders, but ongoing project sales and new launches contribute significantly to sales pipeline.
Key Metrics
Continue your research
What Brigade Enterprises Ltd's management said in earlier quarters
Others in Realty this season
- Nexus Select Trust (Q2 FY26)
Footfalls are increasing aided by marketing initiatives and new store openings; footfall growth noted at around 3%. Key concall takeaways from Nexus Select…
- Embassy Off.REIT (Q2 FY26)
NOI growth between ₹3,589 to ₹3,811 crores (approx. Key concall takeaways from Embassy Off.REIT's Q2 FY26 earnings call — and how it ranks against sector peers.
- Keystone Realtors Ltd (Q2 FY26)
Capital raised includes INR 335 crores via listed NCDs at competitive interest rates, to fuel growth. Key concall takeaways from Keystone Realtor's Q2 FY26…
- Arvind SmartSp. (Q2 FY26)
3,000 crore in GDV. Key concall takeaways from Arvind SmartSpaces Ltd's Q2 FY26 earnings call — and how it ranks against sector peers.
Frequently Asked Questions
What were Brigade Enterprises Ltd Q2 FY26 results?
The company targets presales of around INR9,000 crores for FY '26, with optimism to meet or come close depending on launches and approvals. Brigade Enterprises expects growth in sales and presales driven by a strong launch pipeline of about 7-11 million sq.
What is Brigade Enterprises Ltd share price analysis?
Brigade Enterprises Ltd currently shows a neutral. The stock trades at a P/E of 28.5 with a market cap of ₹18,601 Cr. Investors should review the full earnings analysis for detailed insights.
Is Brigade Enterprises Ltd planning capital expenditure?
Brigade Enterprises has a significant office space launch pipeline, planning to launch up to 6 million sq.
Keep Brigade Enterprises Ltd on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.