Brigade Enterprises Limited has released the transcript of its conference call held on February 02, 2026, discussing the company's financial and operational performance for Q3 FY 2025-26. During the call, management highlighted a steady and well-rounded quarter with contributions from all business segments. The company has focused on deepening its presence in key micro-markets by acquiring land parcels with strong long-term development potential. In the first 9 months of FY '26, Brigade incurred approximately ₹2,100 crores for its land bank, covering 14 million square feet with a Gross Development Value (GDV) of ₹16,000 crores, with a significant portion in Bengaluru and Hyderabad. The residential segment achieved presales of ₹1,750 crores and a volume of 1.33 million square feet in Q3 FY '26, with an average realization of ₹13,142 per square foot, reflecting a 16% growth over Q3 FY '25. The company plans approximately 12 million square feet of launches over the next 4 quarters. Luxury and premium housing now constitute over one-fourth of the national supply, and about 85% of Brigade's presales are above the ₹1 crore ticket size. The commercial office portfolio delivered stable performance with cumulative leasing of 0.66 million square feet and a healthy occupancy rate of around 93%. Brigade plans to launch an additional 4.2 million square feet in the next 4 quarters. The retail segment's Orion malls collectively generated about 1 lakh square feet of leasable area, with footfalls growing 5% and sales by 16% in FY '26. Brigade Hotels showed steady growth, with revenue and RevPAR increasing by 14% and 17% respectively. The company is developing 1,700 keys across 9 hotels. Consolidated revenue for Q3 FY '26 stood at ₹1,623 crores, a 6% increase over Q3 FY '25, with an EBITDA of ₹459 crores. Consolidated Profit After Tax (PAT) was ₹206 crores. For the 9-month period of FY '26, consolidated revenue increased by 16% to ₹4,386 crores, with EBITDA at ₹1,209 crores and PAT at ₹534 crores (an increase of 24%). The company maintains adequate liquidity and has reduced its average cost of debt to 7.61%. Net debt outstanding as of December 31, '25, was ₹1,887 crores.
