Monday, November 2, 2015

#Brigade Group Q2 net profit increase by Rs.21 cr.

Bangalore headquartered Brigade Group has reported an increase of Rs.21 cr. in net profit on consolidated basis for Q2FY 2015-16 over the same quarter last year.

Other Highlights of the Q2 results:

Ø  Total Revenues stood at Rs 346 crores vis-a-vis Rs 374 crores, a decrease of 7%

Ø  EBITDA stood at Rs 136 crores vis-a-vis Rs 96 crores, an increase of 41%.

Ø  EBITDA margin stood at 39% vis-à-vis 26%.

Ø  PBT stood at Rs. 65 crores vis-a-vis Rs. 38 crores, an increase of 71%.

 Consolidated Revenues for the half year ended 30th September 2015 was Rs. 703 crores, up from Rs. 569 crores recorded during the half year ended of the previous year.  The Consolidated Net Profits stood at Rs. 66 crores as against Rs. 27 crores, witnessing an increase of 146%.
M.R. Jaishankar, Chairman and Managing Director, Brigade Enterprises Limited, said “The growth in the consolidated revenues and profits, despite the various challenges faced by the Real Estate Industry,    reflects our robust performance and strong presence in the markets the Group operates in. The cut in interest rates announced by the Reserve Bank of India recently is a step in the right direction. This coupled with the festive season would provide the required fillip for Real Estate demand across the country.”