Brigade Enterprises Limited consolidated revenues at Rs 698 crores

Brigade Enterprises Limited consolidated revenues at Rs 698 crores
06/02/2019 , by , in News/Views

Brigade Enterprises Limited’s Consolidated Revenues for the third quarter ended 31st December, 2018 stood at Rs. 698 crores and consolidated net profits (after Minority Interest) is Rs. 49 crores. Residential sales aggregating to 0.78 million sq. ft. with a total value of Rs. 446 crores was sold during Q3 FY19 which is 12% higher as compared to Q2 FY19. The average price realisation was   Rs. 5,741 per sq. ft.

Commenting on the company’s performance, Mr. M.R. Jaishankar, Chairman and Managing Director Brigade Enterprises Limited said:  “Despite tough market and liquidity conditions that was prevalent in the third quarter, our residential sales bookings has been encouraging and has performed better than the previous quarters. In fact, sales bookings over the past 9 months is significantly higher than the sales of the entire financial year 2018.”

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