Brigade Enterprises Posts Net Profit of Rs 1.125 Bn in Q2 FY24

09 Nov 2023 CW Team

intro: Brigade Enterprises reports a net profit of Rs 1.125 billion in Q2 FY24 Brigade Enterprises has reported a net profit of Rs 1.125 billion in Q2 FY24, an increase of 117.39% from Rs 517.5 million in the corresponding quarter of the previous fiscal. The company's net consolidated total income stood at Rs 1407.92 billion in Q2 FY24, a growth of 54.35% from Rs 9.12 billion it recorded in the similar quarter last year. The company's growth was driven by strong revenue growth from its residential and commercial segments. The residential segment revenue grew by 99% to Rs 1077.89 billion, while the commercial segment revenue grew by 23% to Rs 2.80 billion. Brigade Enterprises is a leading real estate developer with a portfolio of residential, commercial, retail, and hospitality projects. The company's projects are located in major Indian cities such as Bengaluru, Chennai, Hyderabad, and Mumbai. The company's strong financial results are a reflection of its strong brand, its focus on innovation, and its commitment to providing a superior customer experience. The company is well-positioned for continued growth in the years to come. In addition to its financial results, Brigade Enterprises also announced that it has acquired a 1.26 lakh sq ft office space in BKC, Mumbai for over Rs 601 million. The company has also acquired over 68,195 sq ft of office space in Andheri, Mumbai for Rs 36.1 million. These acquisitions will strengthen the company's commercial portfolio and help it to expand its presence in the Mumbai market. The company is also planning to launch new projects in the near future.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..