Brigade Enterprises share price added nearly 2 percent in the opening trade on August 25 following a launch of residential project in Bengaluru with revenue potential of over Rs 950 crore.
At 09:18am, Brigade Enterprises was quoting at Rs 978.30, up Rs 16.90, or 1.76 percent, on the BSE.
Brigade Group has announced the launch of its latest residential offering, Brigade Lakecrest in Bengaluru.
The project will be developed under a joint development model, with a total development area of approximately 9.33 lakh square feet and a projected revenue potential of over Rs 950 crore.
The project is RERA approved with 604 premium 1, 2, and 3 BHK residence and scheduled to be completed in March 2030.
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In another development, the company's Chief Financial Officer (CFO) Jayant B Manmadkar has resigned due to personal reasons. Further, the company board approved to designate Pradyumna Krishna Kumar, executive director of the company, as the interim chief financial officer and key managerial personnel with effect from October 10,2025.
Also Read - Brigade Enterprises targets 15–20% growth in FY26
Also, the company entered into a long-term lease agreement for a prime site of about 7-acres located on Old Mahabalipuram Road (OMR) in Chennai.
The site will be developed into a landmark mixed-use destination that will feature a Grade A office space of over 1 million square feet and a 5 Star Deluxe Hotel of about 225 keys.
For the first quarter of the current fiscal, the company had reported a consolidated revenue of Rs 1,333 crore, up 20 percent from Rs 1,113 crore in Q1FY25 and profit after tax rose 95 percent year-on-year to Rs 158 crore from Rs 81 crore in the same quarter last year.
The Earnings before interest, taxes, depreciation and amortisation stood at Rs 375 crore, up 40 percent from a year earlier.
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