Brigade Group Q2 FY26: Net Profit Rises 48%

Bengaluru-headquartered Brigade Group has closed the September quarter on a strong note. Brigade Group has reported a net profit of Rs 170.28 crore for the second quarter of the financial year 2026, ended September 30, 2025, up 47.96 per cent from Rs 115.08 crore in the same quarter last year. The numbers reflect a real estate business that is converting healthy demand on the ground into steady financial performance, even as the company continues to invest in new launches and its hospitality portfolio.

On the top line, Brigade Group recorded Rs 1,429.86 crore in Q2FY26 compared to Rs 1,138.13 crore a year earlier, marking a growth of 25.63 per cent, while revenue from operations rose 29.02 per cent to Rs 1,383.37 crore. This broad-based growth came from across the company's three core businesses—real estate, leasing, and hospitality—showing that the momentum wasn't limited to just one segment.

The residential business remained the primary growth engine for the quarter. Brigade Group reported net bookings in the real estate segment at 1.90 million square feet with a sales value of Rs 2,034 crore for Q2FY26, while collections during the quarter stood at Rs 2,003 crore. Segment revenue kept pace with this sales momentum, as real estate revenue rose 31 per cent to Rs 951 crore, compared with Rs 727 crore in Q2FY25. High collections alongside strong bookings is generally a good sign for buyers, since it points to healthy cash flows that developers typically channel back into construction.

The annuity businesses also contributed meaningfully to the quarter's performance. Revenue from leasing grew 17 per cent year-on-year to Rs 341 crore, while EBITDA stood at Rs 223 crore. On the hospitality side, the group's listed subsidiary added to the good news, with Brigade Hotel Ventures Ltd reporting a 57.97 per cent rise in net profit to Rs 10.6 crore for the second quarter of FY26, compared to Rs 6.71 crore in the same period last year, driven by steady growth in business and reduced finance and tax expenses.

Commenting on the results, Pavitra Shankar, Managing Director, Brigade Group, said the company is "entering the second half of the fiscal year with strong tailwinds," adding that the company has "a robust business development and launch pipeline across our key markets, as well as healthy leasing activity and growth in the hospitality business," and that "operational performance has also grown substantially since the prior year, and business sentiment remains positive."

Interestingly, the quarter's numbers were slightly softer than the preceding one, a pattern common in real estate where revenue recognition depends on project completion milestones. On a sequential basis, the company's net profit stood at Rs 157.95 crore, down 7.80 per cent, while revenue was down 7.27 per cent to Rs 1,332.86 crore. Looking ahead, the company isn't slowing down on new supply—Brigade Enterprises plans to launch approximately 11 million sq ft of projects across Bengaluru, Chennai, Hyderabad, and Mysuru in the next four quarters.

For homebuyers evaluating Brigade projects, this quarter's results offer reassurance on two fronts: the company's collections are keeping pace with sales, and its launch pipeline across South India's major cities remains active. Strong financials at the group level generally translate into more predictable construction timelines and fewer funding-related delays on ongoing projects—something every homebuyer watches closely before committing to an under-construction home.