Total income increased to Rs 391.52 crore in the first quarter of this fiscal year from Rs 213.82 crore in the corresponding period of the previous year, according to a regulatory filing.
During the June quarter, Brigade said in a statement that it has raised Rs 500 crore through QIP (Qualified Institutional Placement) route.
“Proceeds will be utilised for Capex – Acquisition of land or land developmental rights, working capital requirements, repayment of debt and general corporate purposes,” it added.
Bengaluru-based Brigade has completed 250+ buildings amounting to over 71 million sq. ft of developed space across a diverse real estate portfolio.