Brigade Enterprises Limited announced its unaudited consolidated and standalone financial results for the third quarter and nine months ended December 31, 2025, alongside significant leadership and governance changes approved by the Board of Directors on January 30, 2026.

Financial Performance Overview

The company reported strong consolidated financial performance for Q3FY26, with revenue from operations reaching ₹1,57,511 lakhs compared to ₹1,46,394 lakhs in the corresponding quarter of the previous year. Net profit for the quarter stood at ₹20,583 lakhs, with ₹18,652 lakhs attributable to owners of the holding company and ₹1,931 lakhs to non-controlling interests.

For the nine months ended December 31, 2025, consolidated revenue from operations increased to ₹4,23,962 lakhs from ₹3,61,382 lakhs in the corresponding period of the previous year, representing a growth of 17.32%.

Segment-wise Performance

The company's business segments showed varied performance during the quarter:

The leasing segment demonstrated the strongest growth at 19.26%, while real estate and hospitality segments also posted positive growth rates.

Leadership Transition

The Board approved significant changes in the company's leadership structure. Yogesh Patel has been appointed as Chief Financial Officer and Key Managerial Personnel effective February 2, 2026, based on recommendations from the Nomination & Remuneration Committee and Audit Committee approval.

Yogesh Patel brings over 25 years of finance experience, including 10 years in CFO roles with listed companies. His expertise spans corporate finance, M&A, risk management, and organizational transformation. He previously worked with Tata Advanced Systems Ltd, Mahindra Logistics Ltd, Healthcare Global Enterprises Limited, and other prominent organizations.

Auditor Appointments

The company strengthened its governance framework by appointing new auditors for the financial year 2026-27:

Deloitte Touche Tohmatsu India LLP, established as a Limited Liability Partnership since October 1, 2015, is recognized as one of India's leading professional services firms. Murthy & Co. LLP, established in 2012, specializes in cost audit, management audit, and indirect tax compliance across multiple sectors.

Board Committee Reconstitution

Following the completion of Ms. Lakshmi Venkatachalam's second term as Independent Director on January 31, 2026, the Board reconstituted several committees including Risk Management Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, and Corporate Social Responsibility Committee with new member compositions and leadership structures.

Exceptional Items and Legal Matters

The company reported exceptional items of ₹1,910 lakhs in the consolidated results, primarily related to the impact of new Labour Codes notified on November 21, 2025. The company continues to monitor developments regarding Central/State Rules and government clarifications on various aspects of the Labour Codes.

Additionally, the company disclosed ongoing legal proceedings including a Public Interest Litigation filed in the Madras High Court regarding a residential project in Chennai, and an Income Tax survey conducted in December 2025 at various business premises.

Brigade Enterprises Limited has announced a significant land acquisition in Secunderabad, marking another strategic expansion in its residential development portfolio. The company has signed an agreement to acquire a prime 2.25-acre land parcel through outright purchase, positioning itself for substantial growth in the Telangana market.

Strategic Land Acquisition Details

The acquisition represents a carefully planned expansion into high-growth corridors, with the land parcel selected based on Brigade's stringent standards for location potential and development viability. The company disclosed this material information under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Development Vision and Strategy

The acquired land parcel will be developed as a premium residential project featuring high-quality living spaces. According to Amar Mysore, Executive Director of Brigade Enterprises Ltd., this acquisition reinforces the company's commitment to delivering residential spaces that enhance the urban landscape of the region. The development will align with Brigade's strategic growth plans to expand its footprint across Telangana.

Project Features and Philosophy

The residential development will be executed in line with Brigade's established philosophy of creating holistic living environments. Key aspects of the planned development include:

• Premium living spaces designed for modern urban lifestyles
• Specifically curated selection of modern amenities
• High-quality construction standards consistent with Brigade's reputation
• Integration with the regional urban landscape enhancement goals

Company Background and Market Position

Established in 1986, Brigade Group brings close to four decades of expertise in property development across India. The company has built a strong reputation for creating positive experiences for stakeholders and maintaining customer trust. Brigade's development portfolio spans multiple sectors including residential, office, retail, hospitality, and education across major Indian cities including Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram, and GIFT City.

Strategic Significance

This Secunderabad acquisition represents Brigade's continued focus on identifying and acquiring land in high-growth corridors. The project's estimated Gross Development Value of ₹650 crores demonstrates the company's confidence in the region's real estate potential and its commitment to substantial investment in quality residential development. The strategic location and development approach align with Brigade's standards for creating landmark buildings that transform urban skylines.