Brigade Enterprises Limited Latest Updates

Major Commercial Leasing Milestone On March 3, 2026, Brigade Group announced the successful leasing of approximately 156,000 square feet of Grade A office space at Brigade Twin Towers in Yeswanthpur, Bengaluru. The space has been taken up by two global entities: MANN+HUMMEL, a German filtration technology leader, and Labcorp, a prominent global life sciences company. This deal underscores sustained demand for premium workspace in the North Bengaluru corridor. Large-Scale Residential Launch in Chennai On February 27, 2026, the company officially launched Brigade Stellaris, a premium residential project on Velachery Road, Chennai. With an estimated Gross Development Value (GDV) of ₹1,700 crore, the project spans 5.19 acres and is designed to connect the city's Central Business District with the IT corridor. This marks a significant expansion of Brigade's footprint in the Tamil Nadu market. Q3 FY26 Financial Performance For the quarter ended December 31, 2025, Brigade reported consolidated revenue of ₹1,623 crore, a 6% year-on-year (YoY) increase. While revenue grew, Net Profit (PAT) stood at ₹206 crore, representing a decline compared to the previous year's quarter (roughly 12–21% depending on standalone vs. consolidated metrics). However, the Leasing segment showed strong momentum with 19% YoY growth, and the Hospitality segment grew by 12%. Management and Governance Changes The company underwent a key leadership transition effective February 2, 2026, with the appointment of Yogesh Patel as Chief Financial Officer (CFO). He succeeds Pradyumna Krishna Kumar, who served as the interim CFO and continues in his role as Executive Director. Additionally, the company recently received a Platinum certification from WiredScore for its World Trade Center facility, making it the first of its kind in India.