Hot Pursuit     23-Mar-22
Brigade Enterprises gains on foraying into plotted development
Brigade Enterprises rose 1.07% to Rs 514.70 after the company forayed into plotted development space with 66-acre residential project in Devanahalli on the Satellite Town Ring Road (STRR) (Karnataka).

The project is a joint development that will offer plot sizes ranging from 1,200 sq. ft. to 2,400 sq. ft. North Bangalore has been witnessed significant growth, driven by IT/ BPM, aerospace and R&D which has created a huge demand for plotted developments.

In Q3 FY22, Brigade Enterprises reported 1.1 million sq. ft. valued at Rs 684 crore in its residential business. While Bangalore continued to be the primary contributor, the company plans to focus on the South Indian market, aiming to increase the contribution of Chennai and Hyderabad markets in its overall portfolio.

The net profit of Brigade Enterprises stood at Rs 78.36 crore in the quarter ended December 2021 as against net loss of Rs 16.12 crore during the previous quarter ended December 2020. Net sales jumped 42.88% to Rs 921.02 crore in the quarter ended December 2021 as against Rs 644.63 crore during the previous quarter ended December 2020.

Brigade Enterprises is Brigade group's flagship company. Brigade group was established in 1986, with property development as its main focus.

Previous News
  Brigade Enterprises consolidated net profit rises 197.60% in the March 2024 quarter
 ( Results - Announcements 29-May-24   07:35 )
  Barometers trade with modest losses; realty shares under pressure
 ( Market Commentary - Mid-Session 29-May-24   14:36 )
  HG Hotels & Resorts and Brigade Group signs management agreement
 ( Corporate News - 25-Apr-24   11:20 )
  Brigade Enterprises hikes stake in subsidiary - BCV Developers
 ( Corporate News - 02-Jan-24   19:37 )
  Brigade Enterprises fixes record date for final dividend
 ( Market Beat - Reports 13-Jul-23   18:28 )
  Board of Brigade Enterprises recommends final dividend
 ( Corporate News - 27-May-23   18:11 )
  Brigade Enterprises Ltd Surges 1.09%
 ( Hot Pursuit - 02-Jul-21   09:30 )
  Brigade Enterprises acquires prime land in Chennai and Bengaluru
 ( Corporate News - 09-Aug-22   19:48 )
  Brigade Enterprises receives affirmation in credit ratings
 ( Corporate News - 16-Nov-22   18:45 )
  Brigade Enterprises reports consolidated net loss of Rs 17.08 crore in the September 2020 quarter
 ( Results - Announcements 12-Nov-20   08:25 )
  Brigade Enterprises Ltd Slips 3.25%, S&P BSE Realty Index index Shed 1.09%
 ( Hot Pursuit - 12-Oct-21   09:45 )
Other Stories
  JSW Energy arm secures LoA from SJVN
  29-Jun-24   16:45
  GE Power bags purchase orders from NTPC, MAHAGENCO
  29-Jun-24   16:05
  Cochin Shipyard arm inks contract with Norwegian company
  29-Jun-24   15:01
  Titan signs JV agreement with Rhythm Jewelry
  29-Jun-24   13:30
  BEL bags order worth Rs 3,172 crore from Armoured Vehicles Nigam
  29-Jun-24   12:44
  Orchid Pharma partners with Cipla for pan-India distribution of Cefepime-Enmetazobactam
  29-Jun-24   10:08
  Rajoo Engineers board OKs 1:1 bonus issue
  29-Jun-24   09:27
  Aditya Vision board to mull stock split proposal
  29-Jun-24   08:51
  Giriraj Civil Developers rallies on securing order worth Rs 181 crore
  28-Jun-24   16:57
  Oil India rises on appointing Rupam Barua as CFO
  28-Jun-24   15:25
Back Top