Monday, May 16, 2016

Brigade Group's Q4 net jumps 20% to reach Rs. 41 cr.

Real Estate major Brigade Enterprises Limited’s consolidated revenues for the year ended 31st March, 2016 was Rs. 1700 crores, up from Rs. 1,331 crores recorded during the previous year. (28% growth) The Consolidated Net Profits stood at Rs. 147 crores as against Rs. 115 crores, witnessing an increase of 28% over previous year.

 Q4 result highlights:-

Total Revenues stood at Rs. 485 crores vis-a-vis Rs. 394 crores, an increase of 23%

EBITDA stood at Rs. 142 crores vis-a-vis Rs. 119 crores, an increase of 20%.

EBITDA margin stood at 29.3% vis-à-vis 30.1%.

PBT stood at Rs. 59 crores vis-a-vis Rs. 57 crores, an increase of 5%.

PAT stood at Rs. 41 crores vis-a-vis Rs. 34 crores, an increase of 20%

Commenting on the company’s performance, Mr. M.R. Jaishankar, Chairman and Managing Director, Brigade Enterprises Limited, said “FY 2015-16 has been a challenging year for the Real Estate Industry. However, on a positive note, our revenues, profits and EBITDA margins have continued to improve year on year. We will stay committed to build positive experiences for our customers and remain focussed on our core competencies.’