Brigade Group announced it would develop a third tower of the World Trade Center (WTC) at Infopark Kochi. The company signed a land lease agreement today. The Rs 150-crore project will be developed by Brigade Group. The new tower will be 16 storeys high with a car-park of six decks; it will come up on the non-SEZ plot with a built-up space of 2.6 lakh square feet. This new tower of WTC will generate around 2700 direct jobs and the project is expected to complete in three years. Powered by Capital Market - Live News

Brigade Group announced the launch of Brigade Icon Residences, part of an exquisite high-end mixed-use development located in the heart of Chennai`s historic Mount Road. The company has planned an investment of over Rs 8,000 crore by 2030 in Chennai to expand its business in the city, with a strong pipeline of projects across the spectrum of residential, office, retail and hospitality for over 15 mn. sqft. The Gross Development Value (GDV) of the Residential Projects alone is estimated to be over Rs 13,000 crore. Brigade Icon will be a mixed-use development, offering a blend of residential, retail, and office spaces, and will set a new benchmark in urban living. The project is designed by the globally renowned architect SOG Design based out of Singapore. The Residences will be G +38 floors, featuring three, four and five bed apartments from 2,500 sqft onwards and GDV will be over Rs 1800 crore. The design of Brigade Icon reflects the evolving cultural identity of the city, positioning the structure as a contemporary development that mirrors the rich heritage of Chennai. In Chennai, Brigade Group has already completed over 5 mn sqft across residential, office, hospitality and retail real estate. Brigade`s flagship project, World Trade Center Chennai in Perungudi, OMR is over 90% leased and houses marquee tenants. Brigade Group has a pipeline of over 15 mn sqft across all the segments, with the residential segment comprising over 12 mn sqft. In FY25, Brigade plans to launch over 3 mn sqft of residential projects and about 1 mn sqft of commercial development in Chennai. Powered by Capital Market - Live News

Brigade Enterprises announced that the Board of Directors of the Company at its meeting held on 28 May 2024, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 20%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Brigade Enterprises rose 197.60% to Rs 206.09 crore in the quarter ended March 2024 as against Rs 69.25 crore during the previous quarter ended March 2023. Sales rose 102.04% to Rs 1702.37 crore in the quarter ended March 2024 as against Rs 842.57 crore during the previous quarter ended March 2023.For the full year,net profit rose 54.97% to Rs 451.61 crore in the year ended March 2024 as against Rs 291.41 crore during the previous year ended March 2023. Sales rose 42.16% to Rs 4896.69 crore in the year ended March 2024 as against Rs 3444.61 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales1702.37842.57 102 4896.693444.61 42 OPM %25.4223.97 -24.3924.94 - PBDT355.00131.52 170 870.77547.56 59 PBT278.8348.14 479 568.68232.98 144 NP206.0969.25 198 451.61291.41 55 Powered by Capital Market - Live News

Brigade Enterprises has allotted 36,054 equity shares under ESOP on 28 May 2024. The paid-up share capital of the Company has increased from Rs. 2,31,09,97,470/- to Rs. 2,31,13,58,010/- due to the aforesaid allotment. Powered by Capital Market - Live News