Brigade Enterprises Limited · NSE:BRIGADE
Brigade Enterprises — Q2 FY27 Earnings Presentation
41 slides from Brigade Enterprises's earnings presentation, Oct 29, 2026
Slide 1: Exchange filing cover letter
Ref: BEL/NSEBSE/IP/29102026 October 29, 2026 Listing Department Department of Corporate Services – Listing National Stock Exchange of India Limited BSE Limited Exchange Plaza, P. J. Towers Bandra Kurla Complex Dalal Street, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 Re.: Scrip Symbol: BRIGADE/
Slide 2: Investor Presentation – Q2 & H1 FY27
Brigade Barcelona Artist's impression Investor Presentation – Q2 & H1 FY27 (CIN: L85110KA1995LC019126) 1
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Brigade Enterprises Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any s
Slide 4: Multiple Domains; Single-Minded Commitment
OFFICE RETAIL CLUBS Multiple Domains; HOTELS CONVENTION Single-Minded CENTRES Commitment ▪ Established in 1986, one of the leading and trusted property developers with nearly four decades of experience. ▪ A multi-asset class developer with Residential, Office, SEZ, Retail, Hospitality, Industrial, S
Slide 5: Our Mission, Vision, Values
Our Mission, Vision, Values Our Shared Vision To be a World-class Organisation in our Our Products, Processes, People and Performance. Shared Mission To constantly endeavour to be the Preferred Developer of Residential, Commercial & Hospitality spaces in the markets in which we operate, Our without
Slide 6: Transforming City Skylines
Transforming City Skylines 300+ buildings • 110+ Mn sq.ft. Delivered 34 Million sq.ft. Ongoing projects 17 Million sq.ft. Ahmedabad Upcoming launches GIFT City License owners for EIGHT WORLD TRADE CENTERS IN SOUTH INDIA Hyderabad AMONG THE TOP 10 LISTED DEVELOPERS in the country, by market capitaliz
Slide 7: Segment Highlights: Q2 FY27
Segment Highlights: Q2 FY27 Real Estate: REVENUE MIX ▪ Strong Q2 momentum: Pre-sales of ₹1,827 Cr across 1.3 Mn sq. ft., value up 72% QoQ and volume up 78% QoQ. ▪ Launch momentum picking up: 2.4 Mn sq. ft. launched during the quarter, supporting sales growth. 13% ▪ Healthy growth visibility: Planned
Slide 8: ESG Initiatives Update: Q2 FY27
ESG Initiatives Update: Q2 FY27 Industry Leadership ▪ Achieved a GRESB Real Estate ESG score of 93.71 and a 4-Star rating for FY 2025–26, alongside industry recognition for Brigade’s ESG initiatives at the CII Karnataka ESG Summit ▪ Strengthened Brigade’s ESG thought leadership through active partic
Slide 9: Ongoing Projects Summary
Ongoing Projects Summary Area in mn sft Project Project Area Brigade Share Lo/JV Share Real Estate 27 22 5 Leasing 7 5 2 Total 34 27 7 TOTAL PROJECT AREA BRIGADE’S SHARE OF PROJECT AREA 21% 19% 34 Mn sq.ft 27 Mn sq.ft 79% 81% Residential Leasing 8
Slide 10: Contents
Contents 1. Real Estate 2. Leasing 3. Hospitality 4. Financial Performance 5. Land bank 6. Projects launched and upcoming launches 9
Slide 11: Real Estate Highlights: H1 FY27
Real Estate Highlights: H1 FY27 ▪ Achieved pre-sales of ₹2,888 Cr in H1 FY27 with sales volume of 2.06 Mn sq. ft. ▪ Average realization in H1FY27 was higher by 27% YoY to ₹14,019/sq. ft., supported by a diversified project mix and premium housing positioning. ▪ Upcoming launches and land bank in Che
Slide 12: Group Sales Snapshot
Real Estate Group Sales Snapshot Q2 FY27 on Q2 FY27 on H1 FY27 on Particulars Q2 FY27 Q1 FY27 Q2 FY26 H1 FY27 H1 FY26 Q1 FY27 Q2 FY26 H1 FY26 Net Area Sales (Mn sft) Residential 1.21 0.74 1.69 64% (28%) 1.95 2.59 (25%) Commercial 0.11 0.01 0.21 1000% (48%) 0.11 0.26 (58%) Total 1.32 0.74 1.90 78% (3
Slide 13: Key Performance Metrics (Residential)
Real Estate Key Performance Metrics (Residential) Q2 FY27 BY TICKET SIZE BY STATE BY LAUNCHES 8% 34% 34% 32% 52% 60% <1.5Cr Karnataka Sustenance 66% 1.5Cr to 3Cr Tamil Nadu 14% New Launch >3Cr Telangana H1 FY27 BY TICKET SIZE BY STATE BY LAUNCHES 11% 20% 26% 52% 54% 37% <1.5Cr Karnataka Sustenance 1
Slide 14: Consolidated Synopsis of Real Estate Projects – Sep 26
Real Estate Consolidated Synopsis of Real Estate Projects – Sep 26 Particulars Ongoing Stock Sales Total Mn sft BEL SPV* BEL SPV* Total super built-up area of launched projects on sale basis 25.09 1.52 0.33 0.29 27.23 Less: Landowner share 3.86 - - - 3.86 Company share of saleable area 21.23 1.52 0.
Slide 15: Contents
Contents 1. Real Estate 2. Leasing 3. Hospitality 4. Financial Performance 5. Land bank 6. Projects launched and upcoming launches 14
Slide 16: Our Leasing Portfolio: Operating Assets - Sep 26
Leasing Our Leasing Portfolio: Operating Assets - Sep 26 Area in mn sft Retail 1.27 0.08 Leased Office 7.34 0.93 To be Leased Particulars Leasable Area Leased To be leased Brigade Tech Gardens* 3.00 2.99 0.01 WTC Chennai* 1.98 1.98 - WTC Kochi* 0.77 0.77 - WTC Bangalore 0.62 0.33 0.29 Brigade Twin T
Slide 17: Capex Commitment
Leasing Capex Commitment Project Area Brigade Share Estimated Project Cost Incurred* Balance Cost* (mn sft) (mn sft) Cost Mn Sft INR Cr World Trade Centre and Orion Mall, Hyderabad 1.72 1.72 1,809 341 1,468 Brigade HRC Atrium 1.44 0.96 846 112 734 Brigade Padmini TechValley-Tower A & B 1.04 0.53 474
Slide 18: Contents
Contents 1. Real Estate 2. Leasing 3. Hospitality 4. Financial Performance 5. Land bank 6. Projects launched and upcoming launches 17
Slide 19: Healthy Growth Momentum with Improved Operating Performance
Hospitality Healthy Growth Momentum with Improved Operating Performance ▪ Sustained Growth: Hospitality portfolio maintained healthy growth momentum in Q2 FY27, supported by strong room revenues, disciplined pricing and operating efficiencies. ▪ Portfolio Premiumization: Continued focus on asset upg
Slide 20: Hospitality Geography wise Performance
Hospitality Geography wise Performance Q2 FY27 Q2 FY27 H1 FY27 Portfolio Level Q2FY27 Q1FY27 Q2FY26 H1FY27 H1FY26 on Q1 FY27 on Q2 FY26 on H1 FY26 1. Average Room Rate (₹) Bengaluru 9,422 8,435 8,738 12% 8% 8,921 8,481 5% Others 6,282 5,921 5,558 6% 13% 6,105 5,444 12% Combined 7,876 7,241 7,106 9%
Slide 21: Contents
Contents 1. Real Estate 2. Leasing 3. Hospitality 4. Financial Performance 5. Land bank 6. Projects launched and upcoming launches 20
Slide 22: Consolidated Financial Snapshot (IndAS) – Q2 & H1 FY27
Consolidated Financial Snapshot (IndAS) – Q2 & H1 FY27 (INR Cr) Q2 FY27 on Q2 FY27 on H1 FY 27 on Particulars Q2 FY27 Q1 FY27 Q2 FY 26 H1 FY 27 H1 FY 26 Q1 FY27 Q2 FY 26 H1 FY 26 Total income 1,250 1,179 1,430 6% (13%) 2,429 2,763 (12%) EBITDA 478 425 375 12% 28% 903 750 20% Finance costs 111 109 10
Slide 23: Business Segment Performance – H1 FY27
Business Segment Performance – H1 FY27 (INR Cr) Particulars Real Estate Commercial Hospitality Total Total Income 1,468 657 304 2,429 Expenses 796 4 30 830 Admin Expenses 106 118 92 316 Selling cost 86 9 17 112 Employee cost 152 55 61 268 EBITDA 328 471 104 903 EBITDA/Total Income % 22% 72% 34% 37%
Slide 24: Consolidated Cash Flow- H1 FY27
Consolidated Cash Flow- H1 FY27 (INR Cr) Particulars Q2 FY27 Q1 FY27 Q2 FY26 H1 FY27 H1 FY26 Operating Activities Total Collections 1,633 1,856 2,003 3,489 3,731 Direct Cost/Construction Cost (717) (763) (851) (1,480) (1,537) Landowner Payments (143) (207) (197) (350) (408) Employee and Admin Expens
Slide 25: Capital Allocation: Segment-wise as of Sep 30, 2026
Capital Allocation: Segment-wise as of Sep 30, 2026 (INR Cr) CAPITAL EMPLOYED Operating Capital D/E Ratio PBDT*/ Capital EBITDA/ Segment Equity (A) Debt (B) Employed (B/A) Equity % Employed OCE % 10% (A+B) (OCE) Real Estate 4,232 590 4,822 0.14 12% 4,822 13% 34% Hospitality 1,256 183 1,439 0.15 16%
Slide 26: Consolidated Debt Profile as of Sep 30, 2026
Consolidated Debt Profile as of Sep 30, 2026 (INR Cr) Particulars Sep-26 Jun-26 Sep-25 Segment-wise Real Estate 590 516 48 Gross Debt Split 3% 1% 2% Hospitality 183 37 44 GOP Securitized 134 - - Capex 49 37 44 11% Leasing 4,666 4,752 4,199 Securitized Lease Rental 4,489 4,576 3,977 Capex 177 176 222
Slide 27: Standalone Financial Snapshot – Q2 & H1 FY27
Standalone Financial Snapshot – Q2 & H1 FY27 (INR Cr) Q2 FY27 Q2 FY27 H1 FY27 Particulars Q2 FY27 Q1 FY27 Q2 FY26 H1 FY27 H1 FY26 on Q1 FY27 on Q2 FY26 on H1 FY26 Total income 601 683 743 (12%) (19%) 1,284 1,240 4% EBITDA 195 205 113 (5%) 72% 400 221 81% Finance costs 39 37 25 4% 55% 76 46 66% Depre
Slide 28: Contents
Contents 1. Real Estate 2. Leasing 3. Hospitality 4. Financial Performance 5. Land bank 6. Projects launched and upcoming launches 27
Slide 29: Land Bank
Land Bank LAND AREA ( IN ACRES) AS ON SEP 30, 2026 7 20 5 49 17 (Rs in Crs) Total Land Area (Acres) 602 Total Area 602 Cost of Land 5,935 133 Amount Paid 3,587 Balance Payable 2,348 371 Bangalore Chennai Hyderabad Mysore Kochi Thiruvananthapuram Coimbatore 28
Slide 30: Developable Area Details
Developable Area Details Land Area Project Area BEL Share Product PROJECT AREA: PRODUCT MIX (in acres) (mn sft) (mn sft) Residential 448 55 39 3% Commercial-Lease 48 7 5 4% Mixed Development 62 3 3 10% Hospitality 44 2 1 Total 602 66 48 Land Area Project Area BEL Share 66 Mn sq.ft Location (in acres
Slide 31: Contents
Contents 1. Real Estate 2. Leasing 3. Hospitality 4. Financial Performance 5. Land bank 6. Projects launched and upcoming launches 30
Slide 32: Projects Launched – H1FY27
Projects Launched – H1FY27 Project Area BEL Interest Project Type City Quarter (Mn sft) (Mn sft) Brigade HRC Atrium 1.44 0.96 Brigade Industrial Park : Block -1 0.30 0.30 Bengaluru Brigade United Commercial 0.32 0.18 Q1 Brigade Cauvery 0.23 0.14 World Trade Centre and Orion Mall, Hyderabad Hyderabad
Slide 33: Upcoming Projects – next 12 months
Upcoming Projects – next 12 months Brigade Economic Interest Segment Total Area (mn sft) (mn sft) Residential 12.65 8.16 Commercial 4.18 2.72 Total 16.83 10.88 Hospitality (No. of Keys) ~1,700 Keys Brigade Misty Greens, Mysore Artist's impression 32
Slide 34: Awards and Accolades – Q2 FY27
Awards and Accolades – Q2 FY27 • Freedom Fighters Memorial, • Brigade Foundation was honoured • Brigade Cornerstone Utopia has • Brigade Enterprises Limited was Chikkamagaluru has been with the CSR Award in the won the Best Architectural Project recognised for its initiatives under honoured with the
Slide 35: Shareholding Pattern - Sep 30, 2026
18% 41% Shareholding Pattern 27% - Sep 30, 2026 14% Promoter Group FIIs & FPIs DIIs Others 34
Slide 36: Board of Directors
Board of Directors M R Jaishankar Pavitra Shankar Nirupa Shankar Amar Mysore M R Jaishankar Pradyumna Executive Chairman Managing Director Jt. Managing Director Executive Director Executive Director Krishnakumar Executive Director • Masters in Business • MBA, Real Estate & Finance, • Masters of Mana
Slide 37: Board of Directors
Board of Directors Pradeep Kumar Panja Dr. Venkatesh V V Ranganathan Abraham Stephanos Padmaja Chunduru Debashis Chatterjee Independent Director Panchapagesan Independent Director Independent Director Independent Director Independent Director Managing Director • Masters in Science • MBA, Real Estate
Slide 38: Ongoing Projects
Ongoing Projects Brigade Altius, Chennai Brigade Insignia, Bangalore Artist's impression Artist's impression 37
Slide 39: Completed Residential Projects
Completed Residential Projects Photo Brigade El Dorado Actual shot 38
Slide 40: Completed Commercial Projects
Completed Commercial Projects Photo Brigade Twin Towers Actual shot 39
Slide 41: Thank you
Thank you Disclaimer: The information in this presentation contains certain forward-looking statements. These include statements regarding outlook on future development schedules, business plans and expectations of Capital expenditures. These statements are based on current expectations that involve