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Higher sales from existing projects has pushed Brigade Enterprises Ltd’s profits up by 87.50 per cent at Rs 38.70 crore on a consolidated basis in the second quarter (Q2) of 2015-16 as compared to Rs 20.64 crore during the same period last year.
However, the company’s revenues for Q2 were lower by 7.71 per cent at Rs 340.13 crore as against Rs 368.56 crore during the same period last year. EPS (basic) stood at Rs 3.43 (last year Rs 1.84).
Following is the segment revenues: real estate Rs 249.10 crore (last year Rs 280.69 crore); hospitality Rs 44.24 crore (Rs 40.09 crore); and leasing Rs 49.85 crore (Rs 49.07crore).
Commenting on the company’s performance, M R Jaishankar, CMD, said: “Despite various challenges faced by the real estate sector, our performance reflects a strong presence in the markets we operate in."
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