Brigade Enterprises Share Price Increase 4% Following Launch of New Residential Project in Chennai

Market Performance

On March 7, 2025, during morning trade, shares of Brigade Enterprises rose by approximately 4 per cent to Rs 995. This increase followed the company's announcement of a new residential project launch. Despite this recent gain, the company's share price has declined by nearly 22 per cent so far in 2025.

Main News

Brigade Enterprises announced the launch of Brigade Altius, a premium residential project located in Sholinganallur, within Chennai's IT corridor. The project spans 6.5 acres and consists of three towers, each rising 43 floors to a height of 143 meters, making it one of the tallest developments in the region.

The company estimates a revenue potential of Rs 1,700 crore from this project. Brigade Altius is designed to provide enhanced living spaces with unique features such as:

• Apartments with no shared walls offer improved privacy.
• A sky bridge connecting the towers adds to the architectural design.
• Approximately 50,000 square feet of amenities catering to recreation, wellness, and leisure activities.

The project's location provides direct access to essential business districts, making it suitable for professionals working within Chennai's IT hub.

Company Details

Brigade Enterprises has identified Chennai as an essential market for future development. While Bengaluru remains the company's main area of focus, expansion plans are underway in Chennai across multiple sectors, including:

• Residential
• Commercial
• Retail
• Hospitality

The company has previously delivered key projects in Chennai, such as the World Trade Center Chennai and Brigade Icon on Mount Road.

Financial Performance (Q3 FY25)

For the quarter ending December 31, 2024, Brigade Enterprises reported the following results:

• Revenue: Rs 1,463.9 crore, up 24.7% from Rs 1,173.8 crore in Q3 FY24.
• EBITDA: Rs 413.7 crore, an increase of 57.8% from Rs 262 crore year-on-year.
• Net Profit: Rs 236.2 crore, a rise of 221.36% from Rs 73.5 crore in the same period of the previous year.

Summary

In summary, Brigade Enterprises witnessed a rise in its share price following the launch of Brigade Altius, a high-rise residential project in Chennai's Sholinganallur area. The company continues to focus on strengthening its presence in Chennai alongside its core operations in Bengaluru. Recent financial results reflect substantial growth in revenue, operating profits, and net profit during the third quarter of FY25.