in

Brigade Enterprises posts net loss of Rs 86 crore in Q1 FY22, Real Estate News, ET RealEstate

Brigade Enterprises posts net loss of Rs 86 crore in Q1 FY22, Real Estate News, ET RealEstate
NEW DELHI: Realty firm Brigade Enterprises on Thursday reported a consolidated net loss of Rs 85.89 crore for the quarter ended June despite rise in income. Its net loss stood at Rs 63.90 crore in the year-ago period.

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.

Follow and connect with us on , Facebook, Linkedin


What do you think?

Written by Realty Beat

Leave a Reply

Your email address will not be published. Required fields are marked *

Jitendra Awhad urges Thane civic body chief to conduct audit for illegal buildings, Real Estate News, ET RealEstate

Jitendra Awhad urges Thane civic body chief to conduct audit for illegal buildings, Real Estate News, ET RealEstate

Thirty-three states, UTs adopt rainwater harvesting under model building bye laws, Real Estate News, ET RealEstate

Thirty-three states, UTs adopt rainwater harvesting under model building bye laws, Real Estate News, ET RealEstate