Brigade Enterprises Ltd (BOM:532929)
₹ 1325.3 -35.9 (-2.64%) Market Cap: 323.62 Bil Enterprise Value: 364.42 Bil PE Ratio: 61.79 PB Ratio: 8.39 GF Score: 87/100
Back to the Transcripts List

Q1 2025 Brigade Enterprises Ltd Earnings Call Transcript

Aug 07, 2024 / 09:00AM GMT
Release Date Price: ₹1174.5 (+1.39%)

Key Points

Positve
  • Real estate segment saw sales of 1.15 million square feet and revenue of INR1,086 crores.
  • Overall price realization reached INR9,483 per square foot, the highest to date.
  • Strong demand for new launches and under-construction properties in key markets.
  • Leasing portfolio stands at 8.7 million square feet with consistent office rental collections.
  • Hospitality segment reported a profit of INR118 crores with high occupancy rates in key markets.
Negative
  • ARR (Average Room Rate) in the hospitality segment remained stagnant year-on-year.
  • Dry days due to nationwide elections hampered restaurant, lounge, and catering revenue.
  • Fewer weddings across the country due to fewer auspicious days impacted hospitality revenue.
  • Debt levels remain high with a term loan of INR707 crores in the real estate segment.
  • Q1 typically shows lower performance compared to Q4, affecting overall quarterly comparisons.
Operator

Ladies and gentlemen, good day, and welcome to Q1 FY25 earnings conference call of Brigade Enterprises Limited. We have with us on the call today the management of Brigade Enterprises. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mrs. Pavitra Shankar, Managing Director. Thank you, and over to you mam.

Pavitra Shankar
Brigade Enterprises Ltd - Managing Director, Executive Director

Hi, good afternoon, everybody. Welcome to the Brigade Enterprises Q1 FY25 earnings call. I'm joined by our Joint Managing Director, Mrs. Nirupa Shankar, our Executive Directors, Mr. Roshin Mathew; Mr. Amar Mysore; and Mr. Pradyumna Krishna Kumar; our CFO, Jayant Manmadkar and Members of the Senior Management Team.

The Real Estate segment continued to be the primary driver of our performance. While other segments made healthy contributions, we believe that our multi-domain accomplished cable continuing to capitalize the switching. In Q1 FY25, the real estate segment saw sales of 1.15 million square feet

Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2024 GuruFocus.com, LLC. All Rights Reserved.