Brigade Group announces financial results for FY 2016 17

Posted by: at 5/22/2017 11:46:00 pm

Bangalore, May 23, 2017:
Brigade Enterprises Limited’s Consolidated Revenues for the year ended 31st March, 2017 was Rs.2,058 crores, from Rs.2,071 crores recorded during the previous year. The Consolidated Net Profits stood at Rs.166 crores as against Rs.138 crores, witnessing an increase of 20% over previous year.
Commenting on the Company’s performance, Mr. M.R. Jaishankar, Chairman and Managing Director, Brigade Enterprises Limited, said “Despite the subdued market sentiments over the past 6 months, Our financial and operational performance have been good. The Government impetus to affordable housing segment with tax breaks  and  attractive interest rate  for home loan borrowers will see good momentum in  real estate sector  and overall growth in the economy. The Indian Real Estate is in a transitionary phase with the implementation of the Real Estate (Regulation and Development) Act, 2016 and GST implementation scheduled in the next few months. We are confident that the implementation of these initiatives will drive growth of the sector and organised developers like us. We are confident of improving our performance in FY18.”
Financial Highlights
Consolidated FY 2016-17 Vs  FY 2015-16 Performance
  • Total Revenues stood at Rs. 2,058 crores vis-a-vis Rs.2,071 crores, a decrease of 1%
  • EBITDA stood at Rs. 608 crores vis-a-vis Rs. 523 crores, an increase of 16%.
  • EBITDA margin stood at 30% vis-à-vis 25%.
  • PBT stood at Rs. 240 crores vis-a-vis Rs. 218 crores, an increase of 10%.
  • PAT stood at Rs. 166 crores vis-a-vis Rs. 138 crores, an increase of 20%.
Consolidated Q4 Performance (Q4 2016-17 Vs Q3 2016-17)
  • Total Revenues stood at Rs. 561 crores vis-a-vis Rs.572 crores, a decrease of 2%
  • EBITDA stood at Rs.205 crores vis-a-vis Rs. 141 crores, an increase of 45%.
  • EBITDA margin stood at 37% vis-à-vis 25%.
  • PBT stood at Rs.113 crores vis-a-vis Rs.46 crores, an increase of 146%.
  • PAT stood at Rs. 83 crores vis-a-vis Rs.32 crores, an increase of 159%.
Consolidated Q4 Performance (Q4 2016-17 Vs Q4 2015-16)
  • Total Revenues stood at Rs. 561 crores vis-a-vis Rs.507 crores, an increase of 11%
  • EBITDA stood at Rs.205 crores vis-a-vis Rs. 128 crores, an increase of 60%.
  • EBITDA margin stood at 37% vis-à-vis 25%.
  • PBT stood at Rs.113 crores vis-a-vis Rs.42 crores, an increase of 169%.
  • PAT stood at Rs. 82 crores vis-a-vis Rs.30 crores, an increase of 173%.
Standalone FY 2016-17 Vs  FY 2015-16 Performance
  • Total Revenues stood at Rs. 1,747 crores vis-a-vis Rs. 1,668 crores, an increase of 5%
  • EBITDA stood at Rs. 543 crores vis-a-vis to Rs.460 crores, an increase of 18%.
  • EBITDA margin stood at 31% vis-à-vis 28%.
  • PBT stood at Rs. 234 crores vis-a-vis Rs.212 crores, an increase of 10%.
  • PAT stood at Rs.165 crores vis-a-vis Rs.147 crores, increase by 12%.
Significant events during the Quarter
  • Brigade Pinnacle, Brigade’s first luxury residential project in Mangalore was completed and Inaugurated on 6thJanuary 2017.
  • The 4thedition of Brigade Mega Homefest, was successfully held at Northern Terrace, World Trade Centre, Bengaluru from 10-12 February 2017.
  • The First Handover Day for Brigade Real Estate Accelerator Program (REAP) was organized on 28thFebruary 2017. 4 startups graduated at the event.
  • The Debt Equity ratio of the Company on 31stMarch, 2017 is 0.85:1.
  • The Board has recommended a Dividend of Rs. 2.50 per equity share ( including a special dividend of Re. 0.50 per equity share) subject to approval of shareholders in the ensuing Annual  General  Meeting.
Awards and Recognitions
  • Brigade Orchards won the Order of Merit Award at the Businessworld Smart Cities Conclave & Awards.
  • Brigade Cosmopolis won the Best Residential project in Bangalore in the Luxury segment at the 11thCNBC Awaaz Awards 2016.
  • Brigade at No.7 won the Best Residential project in Hyderabad in the Ultra Luxury segment at the 11thCNBC Awaaz Awards 2016.
  • Brigade Group won the Integrated Township of the year- South and Developer of the Year- Mixed Use at the  Estate Awards 2017
  • Orion Mall won the Retail Property of the Year-South at the Estate Awards 2017


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