Q4FY21 Result Update - Brigade Enterprises - ICICI Direct

Key highlight of Brigade Enterprises' (BEL) Q4FY21 result was lifetime high sales volume of ~1.7 million sq feet (msf) worth Rs. 1018 crore, up 58% YoY and 56% YoY, respectively, driven by strong traction of newly launched project in along with ongoing projects. On the financial numbers, reported revenues grew 24.4% YoY to Rs. 791.2 crore, on account of strong revenue recognition in the residential segment. Reported EBITDA margins were up 260 bps YoY to 23.9%. BEL reported a loss of Rs. 39.6 crore.

For details, click on the link below: Link to the report

Shares of BRIGADE ENTERPRISES LTD. was last trading in BSE at Rs.259.15 as compared to the previous close of Rs. 249.3. The total number of shares traded during the day was 124969 in over 3611 trades.

The stock hit an intraday high of Rs. 283.4 and intraday low of 255. The net turnover during the day was Rs. 33186710.

Source : Equity Bulls

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