Brigade Enterprises acquires land in Chennai, announces Q4 results; stock trades lower

Brigade Enterprises

Brigade Enterprises share price was trading lower in the early trade on May 15 despite the company reported jump in its fourth quarter net profit and acquired a land parcel in Chennai.

At 09:23am, Brigade Enterprises was quoting at Rs 1,071.25, down Rs 20.20, or 1.85 percent on the BSE.

".... has acquired a 5.41-acre land parcel on Velachery Road, Chennai, which will have a gross development value (GDV) of approximately Rs 1,600 crore, with a development potential of about 0.8 million square feet. The transaction value of the acquisition is about Rs 441.70 crore," company said in its press release.

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The company also came out with its Q4FY25 earnings, in which its net profit jumped 19.7 percent to Rs 246.82 crore from Rs 206.09 crore in the same quarter of previous year.

The revenue of the company decreased by 14.2 percent at Rs 1,460.39 crore versus Rs 1,702.37 crore, YoY

The earnings before interest, taxes, depreciation, and amortisation (EBITDA) was down 3.8% at RS 416 crore, while margin was jumped to 28.5 percent.

The company board has recommended a final dividend of Rs 2.50 per equity share (25 percent) of Rs 10 each.

Earlier in this month, the Brigade Group has acquired a 11-acre land parcel opposite ITPL in Whitefield, Bengaluru. The land will be developed into a premium commercial project with a gross leasable area of approximately 1.5 million square feet and a Gross Development Value (GDV) of over RS 2,000 crore, company said.

The share touched a 52-week high of Rs 1,451.90 and a 52-week low of Rs 812.85 on 25 June, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 26.22 percent below its 52-week high and 31.79 percent above its 52-week low.

The market capitalisation of the company stands at Rs 26,184.30 crore.