Strong performance across all segments

11 Mar 2024
5 Min read 
  • Brigade Enterprises reported strong performance across all segments.
  •  The company achieved the highest ever bookings and realizations.
  •  Pre-sales jumped 44% YoY to INR37.7b for 9MFY24.
  •  The company launched 2.7msf of area across four new phases/projects.
  •  Revenue jumped 43% YoY to INR11.7b, driven by a rise in residential revenue.
  •  The company plans to expand its portfolio in the annuity segment.
  •  Valuation suggests a potential upside of 17%, reiterating a BUY rating.
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