Brigade Enterprises Limited · NSE:BRIGADE
Brigade Enterprises — Q3 FY26 Earnings Presentation
38 slides from Brigade Enterprises's earnings presentation, Jan 30, 2026
Slide 1: Filing cover letter to exchanges
Ref: BEL/NSEBSE/IP/30012026 January 30, 2026 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: BRIGADE/
Slide 2: Investor Presentation – Q3 FY26
Brigade Gateway, Hyderabad Artist’s impression Investor Presentation – Q3 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 17 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 - Q3 FY26
Segment Highlights - Q3 FY26 Real Estate - On Sale Basis Achieved presales of INR 1,750 Cr, with a presales volume of 1.33 mn sft for Q3 FY26 Q3 FY26 - REVENUE SHARE % Average realization stood at INR 13,142/sft during Q3 FY26, a growth of 16% over Q3 FY25 10% Launched Brigade Gateway, Hyderabad Ph2
Slide 7: ESG Initiatives - Q3 FY26
ESG Initiatives - Q3 FY26 Sustainability Reporting & Rating: NetZero-C Target setting: Awards & Recognition: Secured a score of 92 with a 3-Star rating in Received validation from Awarded with “Global Sustainability Leadership GRESB ESG assessment FY 2024-25, a significant Science based target initia
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 17.50 13.76 3.74 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 27.31 MN SQ.FT Lease
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 - 9M FY26
Real Estate Highlights: Real Estate - 9M FY26 Achieved presales of INR 4,903 Cr in 9M FY26 Presales volume for 9M FY26 stood at 4.18 mn sft Average realization stood at INR 12,495/sft during 9M FY26 an increase of 15% over 9M FY25 (excl. plotted development) Upcoming projects planned to be launched:
Slide 11: Group Sales Snapshot
Real Estate Group Sales Snapshot 9M FY26 on Q3 FY26 on Q3 FY26 on Particulars 9M FY26 9M FY25 9M FY25 Q3 FY26 Q2 FY26 Q3 FY25 Q2 FY26 Q3 FY25 Net Area Sales (’000 sft) Residential* 3,762 4,806 (22%) 1,176 1,686 2,127 (30%) (45%) Commercial 417 213 96% 156 214 66 (27%) 137% Total 4,179 5,019 (17%) 1,
Slide 12: Consolidated Synopsis of Real Estate Projects - Dec 25
Real Estate Consolidated Synopsis of Real Estate Projects - Dec 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 22.50 1.54 0.50 0.30 24.84 Less: Landowner share 4.07 - - - 4.07 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 - Dec 25
Leasing Our Leasing Portfolio: Operating Assets - Dec 25 Area in mn sft Retail 1.20 0.11 Leased Office 7.41 0.57 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 - WTC Bengaluru 0.62 0.62 - Brigade Twin T
Slide 15: Capex Commitment - Dec 25
Capex Commitment - Dec 25 (INR Cr) Project Estimated Cost Incurred Balance* Brigade Square, Thiruvananthapuram 76 67 9 Brigade Tech Boulevard, Chennai 402 176 226 Brigade Padmini Tech Valley - Towers A & B 474 167 307 Brigade Vantage, Mysuru 58 51 7 Arcadia at Brigade Cornerstone Utopia 63 61 2 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 India’s hotel industry demonstrated strong growth, driven by robust corporate and retail demand along with MICE* Various events and tech summits played a significant role in increasing ARR while maintaining stable occupancies Domestic tou
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) Q3 FY26 Q3 FY26 9M FY26 Particulars Q3 FY26 Q2 FY26 Q3 FY25 9M FY26 9M FY25 on Q2 FY26 on Q3 FY25 on 9M FY25 Revenue 1,623 1,430 1,530 13% 6% 4,386 3,781 16% EBITDA 459 375 479 22% (4%) 1,209 1,166 4% Finance costs 90 102 114 (12%) (21%) 298 389 (23%) Profit
Slide 20: Business Segment Performance - 9M FY26
Business Segment Performance - 9M FY26 (INR Cr) Particulars Real Estate Lease Rental Hospitality Total Revenue 2,976 966 444 4,386 Direct Expenses 2,113 39 47 2,199 Admin Expenses 142 160 133 435 Selling cost 142 26 26 194 Employee cost 195 63 91 349 EBITDA 384 678 147 1,209 EBITDA/Revenue % 13% 70%
Slide 21: Consolidated Cash Flow
Consolidated Cash Flow (INR Cr) Particulars Q3 FY26 Q2 FY26 Q3 FY25 9M FY26 9M FY25 Operating Activities Total Collections 1,760 2,003 1,777 5,491 5,321 Direct Cost/ Construction Cost (762) (851) (660) (2,300) (1,860) Landowner Payments (205) (197) (231) (614) (726) Employee and Admin Expenses (180)
Slide 22: Capital Allocation: Segment-wise as of Dec 31, 2025
Capital Allocation: Segment-wise as of Dec 31, 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 % 31% (A+B) (OCE) Real Estate 3,651 286 3,937 0.08 15% 3,937 16% Hospitality 1,308 1 1,309 - 12% 1
Slide 23: Consolidated Debt Profile
Consolidated Debt Profile (INR Cr) Particulars Dec-25 Sep-25 Dec-24 Real Estate 286 48 154 Segment-wise - Gross Debt Split Hospitality 1 44 487 2% GOP Securitized - - 402 6% Capex 1 44 85 Leasing 4,217 4,199 3,890 Securitized Lease Rental Gross Debt - 4,132 3,977 3,704 INR 4,504 CR Capex 85 222 186 G
Slide 24: Standalone Financial: Snapshot
Standalone Financial: Snapshot (INR Cr) Q3 FY25 Q3 FY26 Q3 FY26 9M FY26 9M FY25 9M FY26 Particulars Q3 FY26 Q2 FY26 on Q2 FY26 on Q3 FY25 on 9M FY25 Turnover 778 743 607 5% 28% 2,018 1,700 19% EBITDA 172 113 171 52% 1% 393 492 (20%) Finance costs 26 25 28 4% (7%) 71 109 (35%) Profit before depreciati
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 DEC 31, 2025 20 7 Bengaluru 37 Chennai 28 Hyderabad Mysuru Kochi Thiruvananthapuram 131 Total Area - 568 acres 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 390 46 32 3% Commercial-Lease 65 10 9 3% Mixed Development 66 2 2 17% Hospitality 47 2 2 Total 568 60 45 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 - 9M FY26
Projects Launched - 9M FY26 Project Area BEL 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 12.45 7.96 Commercial 4.21 3.40 Total 16.66 11.36 Hospitality (No. of Keys) 1,700 Keys - Upcoming Commercial Project Artist’s impression 29
Slide 31: Awards and Accolades - Q3 FY26
Awards and Accolades - Q3 FY26 Best Workplaces™ for Women INDIA 2025 Brigade Group was awarded the Pavitra and Nirupa Shankar have Brigade Citadel won ‘Residential Brigade Group was recognized Brigade Group was recognised Rotary Midtown CSR Award 2025 been recognised by Business Project of the Year’
Slide 32: Shareholding Pattern – Dec 31, 2025
17% Shareholding Pattern – Dec 31, 2025 24% 41% 18% 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 Citrine Brigade Insignia Artist’s impression Artist’s impression 34
Slide 36: Completed Residential Projects
Completed Residential Projects Brigade Citadel Brigade Cornerstone Utopia Actual shot Actual shot 35
Slide 37: Completed Commercial Projects
Completed Commercial Projects Brigade Twin Towers Brigade Deccan Heights Actual shot Actual shot 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