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.

Infrastructure Transport

17 Oct 2025

Sonowal Unveils Eight Projects at NMPA’s Golden Jubilee

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, inaugurated the Curtain Raiser Ceremony of the Golden Jubilee Celebrations of the New Mangalore Port Authority (NMPA) at Bharat Mandapam. To commemorate the milestone, he unveiled eight major maritime infrastructure projects designed to strengthen India’s port network, enhance logistics performance, and promote sustainability. These include a modern cruise terminal, new covered storage facilities, a 150-bed multi-speciality hospital, expanded truck terminals, and improved port access infrastructure aimed at enhancing..

India To Boost US LPG Imports, Cut Middle East Reliance

India is planning to reduce imports of liquefied petroleum gas (LPG) from the Middle East as state-owned refiners prepare to ramp up purchases from the United States, according to sources familiar with the matter. The move aligns with New Delhi’s efforts to expand energy cooperation and secure a broader trade deal with Washington. State refiners have already notified their traditional LPG suppliers in Saudi Arabia, the United Arab Emirates, Kuwait and Qatar of the potential reduction in imports. Although the exact size of the supply cut was not disclosed, earlier reports suggested that Indi..

UK Sanctions Nayara Energy in Crackdown on Russian Oil

The United Kingdom has announced fresh sanctions on 90 entities, including Indian refiner Nayara Energy Limited, in its latest bid to curb Russian oil revenues and weaken President Vladimir Putin’s war funding. The sanctions, unveiled jointly by the Foreign, Commonwealth and Development Office (FCDO) and the UK Treasury, aim to disrupt networks supporting Moscow’s crude exports amid the ongoing war in Ukraine. According to the FCDO, the new restrictions are intended to “strike at the heart of Putin’s war funding” by targeting firms and assets that enable Russia’s energy trade. “..