Bangalore-based real estate major Brigade Enterprises reported net profit of Rs 7.3 crore in Q1 FY15 as against Rs 6.6 crore in the same quarter a year ago. Its revenue rose 4.5 percent to Rs 162.3 crore in the June quarter versus Rs 155.2 crore, year-on-year.
Highlights of the result
Lease Rental and Hospitality segments contributed Rs. 378 million and Rs. 272 million respectively to the revenues for the first quarter ended 30th June, 2014.
Debt equity Ratio of the Company was at 0.65:1. The major portion of debts aggregating to around 55% is towards office, retail and Hospitality assets which are income yielding assets to service their debts.
During this quarter credit rating agency ICRA has upgraded the Credit Rating of the Company from [ICRA]A- (Minus) to [ICRA] A for the line of credit facilities of the Company. The outlook on the long term rating is stable.
Launching about 7.23 million sq. ft. (Co's Economic Interest about 4.82 Million sq. ft.) during 9 months (July to March) in the Financial Year 2014-15 across all segments, where projects approvals are at advanced stage.
Highlights of the result
- Quarterly performance on a year-on-year basis (Q1 of FY 2014-15 Vs Q1 of FY 2013-14)
- Total Revenues stood at Rs. 1682 million vis-a-vis Rs.1573 million, Increased by 7 %.
- EBITDA stood at Rs. 480 million vis-a-vis to Rs. 469 million, Increased by 2 %.
- EBITDA margin stood at 29% vis-a-vis 30%.
- PAT stood at Rs. 74 million vis-a-vis Rs. 67 million.
- EPS was Rs. 0.66 /- per share vis-a-vis Rs. 0.59/- per share.
Lease Rental and Hospitality segments contributed Rs. 378 million and Rs. 272 million respectively to the revenues for the first quarter ended 30th June, 2014.
Debt equity Ratio of the Company was at 0.65:1. The major portion of debts aggregating to around 55% is towards office, retail and Hospitality assets which are income yielding assets to service their debts.
During this quarter credit rating agency ICRA has upgraded the Credit Rating of the Company from [ICRA]A- (Minus) to [ICRA] A for the line of credit facilities of the Company. The outlook on the long term rating is stable.
Launching about 7.23 million sq. ft. (Co's Economic Interest about 4.82 Million sq. ft.) during 9 months (July to March) in the Financial Year 2014-15 across all segments, where projects approvals are at advanced stage.
