Brigade Group reported a steady financial performance for the third quarter of FY26, reflecting resilience across its diversified real estate, leasing, and hospitality businesses. For the quarter ended December 31, 2025, the Bengaluru-based developer recorded consolidated revenue of Rs. 1,623 crore, marking a 6 percent year-on-year increase compared to Rs. 1,530 crore in Q3 FY25.
Profit after tax for the quarter stood at Rs. 206 crore, underlining stable profitability despite a challenging macro environment. The company also reported strong quarterly collections of Rs. 1,760 crore, signalling sustained buyer confidence and healthy cash flows.
Real Estate Business Anchors Performance
The real estate segment remained the largest contributor to Brigade’s overall revenue during the quarter. Segment revenue stood at Rs. 1,133 crore in Q3 FY26, up 3 percent from Rs. 1,103 crore in the corresponding period last year. EBITDA from real estate operations came in at Rs. 170 crore.
Pre-sales momentum remained healthy, with Brigade recording net bookings of 1.33 million sq. ft during the quarter. These sales translated into a value of Rs. 1,750 crore, reflecting steady demand across residential projects in the company’s core southern markets. Real estate collections during the quarter stood at Rs. 1,258 crore, providing further visibility on cash flow stability.
Management attributed this performance to a disciplined approach to project launches, product positioning, and pricing, along with continued focus on execution and customer engagement.
Leasing Business Delivers Double-Digit Growth
Brigade’s leasing portfolio delivered one of the strongest performances in Q3 FY26, with segment revenue rising 16 percent year-on-year to Rs. 325 crore. EBITDA from leasing operations stood at Rs. 231 crore, highlighting the segment’s margin strength and recurring income profile.
Portfolio occupancy remained robust at 93 percent, with leased area of 8.61 million sq. ft out of a total leasable area of 9.29 million sq. ft. The strong occupancy levels reflect sustained demand for quality office spaces in key markets, even as occupiers remain selective in expansion decisions.
The leasing business continues to play a stabilising role in Brigade’s overall financials, providing predictable cash flows and supporting long-term balance sheet strength.
Hospitality Segment Maintains Growth Momentum
The hospitality business also reported steady growth during the quarter. Segment revenue increased 12 percent year-on-year to Rs. 165 crore, supported by improved occupancy levels and stable room rates across key properties. EBITDA from hospitality operations stood at Rs. 58 crore.
The performance reflects continued recovery in business travel and events, particularly in southern cities, as well as operational efficiencies implemented across Brigade’s hotel portfolio.
Consolidated Financial Snapshot
On a consolidated basis, Brigade Group reported EBITDA of Rs. 459 crore in Q3 FY26. While revenue growth remained moderate, profitability was supported by a balanced contribution from all three core segments.
For the nine months ended December 31, 2025, consolidated revenue grew 16 percent year-on-year to Rs. 4,386 crore, compared to Rs. 3,781 crore in the same period last year. EBITDA for the nine-month period rose 4 percent to Rs. 1,209 crore, while profit after tax increased 24 percent to Rs. 534 crore, underscoring the benefits of operating leverage and diversified revenue streams.
Focus on Land Bank and Long-Term Value
Commenting on the results, Pavitra Shankar, Managing Director of Brigade Enterprises Ltd, said the company continues to expand its land bank across key markets including Bengaluru, Chennai, and Hyderabad. The focus, she noted, remains on acquiring land parcels that meet Brigade’s quality standards and align with long-term value creation goals.
According to Shankar, the company is maintaining a disciplined approach to capital allocation, prioritising high-quality assets while responding to evolving demand across residential, commercial, and hospitality segments. This strategy is aimed at balancing growth with financial prudence, particularly in an environment where input costs and market conditions require careful management.
Outlook: Balanced Growth Strategy
Looking ahead, Brigade Group appears focused on steady, sustainable growth rather than aggressive expansion. Strong collections, healthy pre-sales, and high occupancy levels across leasing assets provide visibility on near-term performance.
With a diversified portfolio spanning real estate development, office leasing, and hospitality, Brigade is well positioned to navigate market volatility while continuing to invest selectively in opportunities across southern India. The company’s emphasis on disciplined capital deployment and asset quality is likely to remain central to its strategy as it moves into the next phase of growth.
