Brigade Enterprises Ltd.EBITDA margin 38%, PAT up 29%, ₹9,000 Cr presales guide held

Brigade Enterprises' Q2 FY27 call, held on 30 October 2026, reported consolidated revenue of ₹1,250 crore, EBITDA of ₹478 crore at a 38% margin, up 1,200 basis points from 26% a year earlier, and profit after tax of ₹219 crore, up 29%.

Real Estate EBITDA margin doubled to 24%, and net sales were ₹1,827 crore on 1.32 million square feet, with average realisation up 29% to ₹13,841 a square foot. Presales were 10% below Q2 FY26 because launches came late, but management reiterated its ₹9,000 crore FY27 presales guide on 7 million square feet and ₹7,600 crore of H2 launches. Collections were ₹1,633 crore as a ₹250 crore to ₹260 crore milestone fell due after quarter end.

Net debt to equity was 0.31, expected to stay under 0.5 by March. Operational leasing area reached 9.6 million square feet at 90% occupancy, hotel EBITDA rose 41%, and management expects about ₹1,700 crore of rental income in FY29 and about ₹5,000 crore of residential revenue in FY27. Two Bengaluru launches may slip to Q4 and a Chennai launch may move into the next year.