Brigade Enterprises Sees Nearly Threefold Profit Surge in Q4

29 May 2024 CW Team

Realty firm Brigade Enterprises Ltd reported a nearly three-fold increase in its consolidated net profit for the March quarter, reaching Rs 2.06 billion. This significant growth was attributed to a substantial rise in income, up from a net profit of Rs 692.5 million in the same period last year.

The company's total income surged to Rs 17.62 billion in the fourth quarter of the last fiscal, compared to Rs 8.72 billion in the corresponding quarter of the previous year.

For the entire 2023-24 fiscal year, Brigade Enterprises achieved a net profit of Rs 4.51 billion, up from Rs 2.91 billion the previous year. Additionally, the total income for the fiscal year increased to Rs 50.64 billion, compared to Rs 35.63 billion in the 2022-23 fiscal year.

The impressive financial performance highlights Brigade Enterprises' strong growth trajectory, driven by increased revenue and strategic initiatives in the real estate sector.

Infrastructure Transport

15 Oct 2025

BMC Gets CRZ Nod For Rs 40 Million Gorai Bridge Rebuild

The Brihanmumbai Municipal Corporation (BMC) has secured Coastal Regulation Zone (CRZ) clearance for the reconstruction of the Poisar River bridge in Gorai, located in Mumbai’s western suburbs. However, the proposed demolition of the existing 100-metre bridge has sparked opposition from local residents, who claim it serves as the only direct access route between the Lower and Upper Koliwada areas. The three-decade-old bridge, situated within the CRZ buffer zone, was recently declared structurally unsafe following a civic audit. The BMC has sanctioned its reconstruction at an estimated cost ..

NHAI Completes Rs 15.9 Billion Four-Lane Stretch On ECR

The National Highways Authority of India (NHAI) has completed the four-laning of the 38 km Puducherry–Poondiyankuppam stretch, ending near Cuddalore, in a development that will cut travel time by up to two hours, according to a report by The New Indian Express. The upgraded section, built at a cost of Rs 15.9 billion under the Bharatmala Pariyojana Phase I, marks a major milestone in the ongoing East Coast Road (ECR) widening programme. The project promises a smoother, faster drive for motorists travelling towards Cuddalore, Chidambaram, Sirkazhi, and Nagapattinam. With this completion, 22..

Encroachments Delay Rs 1 Billion Ghatkopar Bridge Project

The construction of a new cable-stayed rail overbridge at Ghatkopar and the widening of the Andheri–Ghatkopar Link Road (AGLR) have been delayed due to the presence of nearly 250 encroached structures on both sides of the road. In response, Municipal Commissioner Bhushan Gagrani has directed officials to carry out a structural audit of the existing bridge over the railway line and enforce temporary restrictions on heavy vehicles to ensure public safety. The bridge, which starts at the Golibar Road junction near LBS Marg and extends up to the Eastern Express Highway (EEH), serves as a critic..