Brigade Enterprises Ltd's Net Profit Crashes 56% At Rs 38 Cr For Q2FY20
New Delhi: Realty firm Brigade Enterprises Ltd’s consolidated net profit nosedived 56 percent at Rs 37.64 crore for the second quarter of the current fiscal as compared to Rs 86.94 crore in the corresponding period of the previous fiscal.
The consolidated total income of the company dropped 11 percent to Rs 751.60 crore in the second quarter of the ongoing financial year as compared to Rs 843.57 crore in the same period of the previous fiscal, the company said in a regulatory filing.
An analysis of the segment wise performance of the company reveals that the revenues of the ‘real estate’ segment stood at Rs 570.24 crore in the second quarter of 2019-20 while ‘hospitality’ segment clocked a revenue of Rs 84.10 crore. The ‘leasing’ segment of the company registered revenues of Rs 89.93 crore.