Brigade Enterprises Limited · NSE:BRIGADE
Brigade Enterprises — Q2 FY26 Earnings Presentation
38 slides from Brigade Enterprises's earnings presentation, Oct 29, 2025
Slide 1: Exchange filing cover letter for Investor Presentation Q2 FY26
Ref: BEL/NSEBSE/IP/29102025 29th October, 2025 Listing Department Department of Corporate Services – Listing National Stock Exchange of India Limited BSE Limited Exchange Plaza, P. J. Towers Bandra Kurla Complex Dalal Street, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 Re.: Scrip Symbol: BRIGAD
Slide 2: Investor Presentation – Q2 FY26
Brigade Avalon Artist’s impression Investor Presentation – Q2 FY26 (CIN: L85110KA1995PLC019126)
Slide 3: Multiple Domains; Single-Minded Commitment
OFFICES RETAIL CLUBS Multiple Domains; HOTELS Single-Minded CONVENTION CENTRES Commitment Established in 1986, one of India’s leading and trusted property developers A multi-asset class developer with Residential, Office, SEZ, Retail, Hospitality, Senior Living, Schools and India’s first Real Estate A
Slide 4: Our Mission, Vision, Values
Our Mission, Vision, Values Our Shared Vision Our To be a World-class Organisation in our Shared Mission Products, Processes, People and Performance. To constantly endeavour to be the Preferred Developer of Residential, Commercial & Hospitality spaces in the markets in which we operate, without comp
Slide 5: Transforming City Skylines
Transforming City Skylines 300+ buildings 100+ Mn sq.ft. Delivered 27 Million sq.ft. Ongoing projects 15 Million sq.ft. Upcoming launches GIFT CITY License owners for SIX WORLD TRADE CENTERS IN SOUTH INDIA AMONG THE TOP 10 LISTED DEVELOPERS HYDERABAD in the country, by market capitalization BENGALUR
Slide 6: Segment Highlights - Q2 FY26
Segment Highlights - Q2 FY26 Real Estate - On Sale Basis Achieved presales of INR 2,034 Cr in Q2 FY26, a growth of 12% over Q2 FY25 Q2 FY26 - REVENUE SHARE % Presales volume for Q2 FY26 stood at 1.90 mn sft, a growth of 13% over Q2 FY25 10% Average realization stood at INR 12,236/sft during Q2 FY26
Slide 7: ESG Initiatives - Q2 FY26
ESG Initiatives - Q2 FY26 Sustainability Reporting & Rating: Integration of ESG elements in NetZero-C Target setting: The ESG report, aligned with GRI and Integrated Enterprise Risk Management: SBTi validation is in advanced stages. Reporting (IR) frameworks, has been successfully ESG elements have
Slide 8: Summary: Ongoing Projects
Summary: Ongoing Projects Area in mn sft Projects Project Area Co Share LO/JV Share TOTAL PROJECT AREA 12% Real Estate projects for sale 17.27 13.14 4.13 Brigade Orchards* 1.54 1.06 0.48 Brigade Cornerstone Utopia* 0.41 0.27 0.14 Real Estate Brigade Cherry Blossom* 0.45 0.26 0.19 27.08 MN SQ.FT Leas
Slide 9: Contents
Contents 1. Real Estate 2. Leasing 3. Hospitality 4. Financial Performance 5. Land Bank 6. Projects launched and upcoming launches 8
Slide 10: Highlights: Real Estate - H1 FY26
Real Estate Highlights: Real Estate - H1 FY26 Achieved presales of INR 3,152 Cr in H1 FY26, a growth of 8% over H1 FY25 Presales volume for H1 FY26 stood at 2.85 mn sft Average realization stood at INR 12,059/sft during H1 FY26 an increase of 17% over H1 FY25 (excl. plotted development) Upcoming pro
Slide 11: Group Sales Snapshot
Real Estate Group Sales Snapshot H1 FY26 on Q2 FY26 on Q2 FY26 on Particulars H1 FY26 H1 FY25 H1 FY25 Q2 FY26 Q1 FY26 Q2 FY25 Q1 FY26 Q2 FY25 Net Area Sales (’000 sft) Residential* 2,587 2,679 (3%) 1,686 902 1,556 87% 8% Commercial 261 147 77% 214 47 125 354% 71% Total 2,848 2,826 1% 1,899 949 1,681
Slide 12: Consolidated Synopsis of Real Estate Projects - Sep 25
Real Estate Consolidated Synopsis of Real Estate Projects - Sep 25 Ongoing BEL Ongoing SPV Particulars Stock Sales Total Projects Projects* Mn sft BEL SPV* Total super built-up area of launched projects on sale basis 22.27 1.54 0.50 0.31 24.62 Less: Landowner share 4.46 - - - 4.46 Company share of s
Slide 13: Contents
Contents 1. Real Estate 2. Leasing 3. Hospitality 4. Financial Performance 5. Land Bank 6. Projects launched and upcoming launches 12
Slide 14: Our Leasing Portfolio: Operating Assets - Sep 25
Leasing Our Leasing Portfolio: Operating Assets - Sep 25 Area in mn sft Retail 1.19 0.12 Leased Office 7.48 0.59 To be Leased Particulars Leasable Area Leased To be Transacted Brigade Tech Gardens* 3.00 2.98 0.02 WTC Chennai* 1.98 1.98 - WTC Kochi* 0.77 0.77 - Brigade Twin Towers - Towers A & C 0.66
Slide 15: Capex Commitment - Sep 25
Capex Commitment - Sep 25 (INR Cr) Project Estimated Cost Incurred Balance* Brigade Square, Thiruvananthapuram 76 58 18 Brigade Tech Boulevard, Chennai 402 139 263 Brigade Padmini Tech Valley - Towers A & B 474 121 353 Brigade Vantage, Mysuru 58 49 9 Arcadia @ Brigade Cornerstone Utopia 63 59 4 Brig
Slide 16: Contents
Contents 1. Real Estate 2. Leasing 3. Hospitality 4. Financial Performance 5. Land Bank 6. Projects launched and upcoming launches 15
Slide 17: Steady Growth with Improved Performance Indicators
Hospitality Steady Growth with Improved Performance Indicators Hospitality sector witnessed moderate demand due to seasonal softening and geo-political tensions Sector set for an accelerated growth with GST on room tariffs up to Rs, 7,500 is reduced from 12% to 5% Corporate and MICE travel continues
Slide 18: Contents
Contents 1. Real Estate 2. Leasing 3. Hospitality 4. Financial Performance 5. Land Bank 6. Projects launched and upcoming launches 17
Slide 19: Consolidated Financials: Snapshot
Consolidated Financials: Snapshot (INR Cr) Q2 FY26 Q2 FY26 H1 FY26 Particulars Q2 FY26 Q1 FY26 Q2 FY25 H1 FY26 H1 FY25 on Q1 FY26 on Q2 FY25 on H1 FY25 Revenue 1,430 1,333 1,138 7% 26% 2,763 2,252 23% EBITDA 375 375 358 - 5% 750 686 9% Finance cost 102 106 123 (4%) (17%) 208 274 (24%) Profit before d
Slide 20: Business Segment Performance - H1 FY26
Business Segment Performance - H1 FY26 (INR Cr) Particulars Real Estate Lease Rental Hospitality Total Revenue 1,843 641 279 2,763 Direct Expenses 1,302 37 28 1,367 Admin Expenses 103 99 86 288 Selling cost 97 17 17 131 Employee cost 128 41 58 227 EBITDA 213 447 90 750 EBITDA/Revenue % 12% 70% 32% 2
Slide 21: Consolidated Cash Flow
Consolidated Cash Flow (INR Cr) Particulars Q2 FY26 Q1 FY26 Q2 FY25 H1 FY26 H1 FY25 Operating Activities Total Collections 2,003 1,728 1,937 3,731 3,544 Direct Cost/ Construction Cost (851) (686) (582) (1,537) (1,200) Landowner Payments (197) (211) (266) (408) (496) Employee and Admin Expenses (167)
Slide 22: Capital Allocation: Segment-wise as of Sep 30, 2025
Capital Allocation: Segment-wise as of Sep 30, 2025 CAPITAL EMPLOYED (INR Cr) Operating Capital Capital Segment Equity (A) Debt (B) Employed D/E Ratio PBD*/ (INR Cr) EBITDA/ (B/A) Equity % Employed OCE % 30% (A+B) (OCE) Real Estate 3,651 48 3,699 0.01 18% 3,699 19% Hospitality 1,307 44 1,351 0.03 11
Slide 23: Consolidated Debt Profile
Consolidated Debt Profile (INR Cr) Particulars Sep-25 Jun-25 Sep-24 Segment-wise - Gross Debt Split Real Estate 48 138 192 1% 1% Hospitality 44 501 480 5% GOP Securitized - 378 414 Capex 44 123 66 Leasing 4,199 4,106 3,968 Gross Debt - INR 4,291 CR Securitized Lease Rental 3,977 3,833 3,739 Capex 222
Slide 24: Standalone Financial: Snapshot
Standalone Financial: Snapshot (INR Cr) Q2 FY25 Q2 FY26 Q2 FY26 H1 FY26 H1 FY25 H1 FY26 Particulars Q2 FY26 Q1 FY26 on Q1 FY26 on Q2 FY25 on H1 FY25 Turnover 743 496 516 50% 44% 1,239 1,093 13% EBITDA 113 108 167 5% (32%) 221 321 (31%) Finance cost 25 21 34 19% (26%) 46 82 (44%) Profit before depreci
Slide 25: Contents
Contents 1. Real Estate 2. Leasing 3. Hospitality 4. Financial Performance 5. Land Bank 6. Projects launched and upcoming launches 24
Slide 26: Land Bank
Land Bank LAND AREA (IN ACRES) AS ON SEP 30, 2025 20 7 37 26 Bengaluru Chennai Hyderabad Mysuru 136 Total Area - 571 acres Kochi Thiruvananthapuram 345 HYDERABAD BENGALURU CHENNAI MYSURU Total Land Area Cost of Land Amount Paid Balance Payable (Acres) (INR Cr) (INR Cr) (INR Cr) KOCHI THIRUVANANTHAPU
Slide 27: Developable Area Details
Developable Area Details Product Land Area Project Area (mn sft) BEL Share (mn sft) PROJECT AREA: PRODUCT MIX Residential 393 46 31 3% Commercial-Lease 65 10 9 3% Mixed Development 66 2 2 17% Hospitality 47 2 2 Total 571 60 44 Project Area - 60 mn sft Location Land Area (in acres) Project Area (mn s
Slide 28: Contents
Contents 1. Real Estate 2. Leasing 3. Hospitality 4. Financial Performance 5. Land Bank 6. Projects launched and upcoming launches 27
Slide 29: Projects Launched - H1 FY26
Projects Launched - H1 FY26 Project Area Brigade Interest Launch Project City Segment (mn sft) (mn sft) Quarter Brigade Morgan Heights Ph 1 Chennai Residential 1.09 0.82 Brigade El Dorado Commercial B Block Bengaluru Commercial 0.09 0.09 Q1 FY26 Brigade International Finance Center Ph 2 Gujarat Comm
Slide 30: Upcoming Projects
Upcoming Projects Total Area Brigade Economic Interest Segment (mn sft) (mn sft) Residential 10.95 8.22 Commercial 4.21 3.40 Total 15.16 11.62 Hospitality (No. of Keys) 1,700 Keys - Brigade Gateway Hyderabad Artist’s impression 29
Slide 31: Awards and Accolades - Q2 FY26
Awards and Accolades - Q2 FY26 Brigade Group was recognized under two Brigade Group was recognised at Brigade Enterprises Limited and Brigade Brigade Group has been categories: India’s Wealth Creators and the Global Real Estate Brand Awards Hospitality Services Limited have been named in the Forbes
Slide 32: Shareholding Pattern – Sep 30, 2025
20% Shareholding Pattern – Sep 30, 2025 20% 41% 19% Promoter Group FIIs and FPIs DIIs Others 31
Slide 33: Board of Directors
Board of Directors M R Jaishankar Pavitra Shankar Nirupa Shankar Amar Mysore Roshin Mathew Pradyumna Executive Chairman Managing Director Jt. Managing Director Executive Director Executive Director Krishnakumar Executive Director • Masters in Business • MBA, Real Estate & Finance, • Masters of Manag
Slide 34: Board of Directors
Board of Directors Lakshmi Pradeep Kumar Dr. Venkatesh V V Ranganathan Abraham Padmaja Debashis Venkatachalam Panja Panchapagesan Independent Director Stephanos Chunduru Chatterjee* Independent Director Independent Director Independent Director Independent Director Independent Director Independent D
Slide 35: Ongoing Residential Projects
Ongoing Residential Projects Brigade Eternia Brigade Insignia Artist’s impression Artist’s impression 34
Slide 36: Completed Residential Projects
Completed Residential Projects Brigade Xanadu Brigade Cornerstone Utopia Actual shot Actual shot 35
Slide 37: Ongoing Commercial Projects
Ongoing Commercial Projects Brigade Icon Brigade Tech Boulevard Artist’s impression Artist’s impression 36
Slide 38: Thank you
Thank you Disclaimer: The information in this presentation contains certain forward-looking statements. These include statements regarding outlook on future development schedules, business plans and expectations of Capital expenditures. These statements are based on current expectations that involve