Brigade Enterprises clocks Rs 20 cr net profit in Q4Fy21, net loss of Rs 96 cr in last fiscal
New Delhi: Brigade Enterprises’s has clocked Rs 20 crore consolidated net profit in the fourth quarter of the last fiscal as compared to a loss of Rs 11 crore in the same quarter of the previous fiscal.
Its consolidated net income jumped 28 percent at Rs 821 crore in the fourth quarter of the last fiscal as compared to Rs 643 crore in the same quarter of the previous fiscal, the company said in a regulatory filing.
“Despite businesses taking a hit due to the COVID-19 pandemic, Brigade has witnessed robust sales driven by our residential business along with continued stability in the commercial business. Our residential projects in Hyderabad and Chennai continue to deliver consistently high results, along with our projects in Bangalore," said M R Jaishankar, CMD, Brigade Enterprises.
For the whole of last fiscal, the company suffered net loss of Rs 96 crore as compared to a net profit of Rs 114 crore in the previous fiscal. The revenues from operations went down to Rs 1949 crore in the last fiscal as compared to Rs 2,632 crore in the previous fiscal.
The board of the company recommended a dividend of Rs 1.20 per equity share of Rs 10 each for the last fiscal.