This real estate large-cap multibagger anticipates Rs 2000 crore revenue; reported a staggering 400 per cent profit growth and more than 538 per cent returns

The long-term trajectory of stock is noteworthy, with an impressive 280.99 per cent increase over three years and given a multibagger returns of 538.81 per cent over five years.

Brigade Enterprises, a leading real estate developer in India, has announced the launch of Brigade Sanctuary, a prestigious residential project designed to integrate contemporary living with the serenity of natural surroundings. The project is spread across 14 acres on the Whitefield-Sarjapur Road and comprises 1,275 units with 1, 3 & 4 bedroom homes. It has a gross revenue potential of Rs. 2,000 Crore and the total development area will be around 2 million sq. ft.

The development is strategically located with convenient access to Sarjapur, Varthur, Whitefield, and the outer ring road. It is also uniquely situated amidst renowned international educational institutions and is close to the upcoming Dommasandra metro station.

Brigade Sanctuary has been designed with meticulous attention to comfort, functionality, and aesthetics. The project is committed to retaining over 500 trees within the project, preserving the landscape's natural beauty. It will also have over 80 per cent of open spaces, and provide a diverse range of recreational and wellness options for residents including a 32,000 sqft clubhouse, and over 35 modern amenities catering to residents of all age groups. The RERA date for completion is December 2028.

For Q2FY24 the revenue has surged impressively by 109.02 per cent quarter-over-quarter (QoQ), reaching a total of Rs 1,367 crore. Operating profit also witnessed a significant uptick, showing an 85.71 per cent increase from the previous quarter, reaching Rs 325 crore. Moreover, net profit has seen an extraordinary surge of 409.09 per cent on a quarter-over-quarter basis, reaching Rs 112 crore, reflecting a remarkable bottom-line improvement. The company's earnings per share (EPS) in Rs have increased by an impressive 246.11 per cent, reaching 5.78.

In the short term, the stock has achieved a notable 13.68 per cent increase in just one week. Over one month, the stock exhibited even stronger gains, soaring by 34.79 per cent, indicating sustained upward movement. Looking at a broader horizon, the one-year performance stands out at 67.18 per cent. Furthermore, the long-term trajectory is particularly noteworthy, with an impressive 280.99 per cent increase over three years and given a multibagger returns of 538.81 per cent over five years.

About Company

Brigade Group is one of India’s leading property developers with over three decades of expertise in building positive experiences for all stakeholders. Instituted in 1986, the company has developed many landmark buildings and transformed the skyline of cities across South India, namely – Bengaluru, Mysuru, Hyderabad, Chennai and Kochi with developments across the Residential, Commercial, Retail, Hospitality and Education sectors. Since its inception, Brigade has completed 275+ buildings amounting to over 80 million sq. ft of developed space across a diverse real estate portfolio.

Disclaimer: The article is for informational purposes only and not investment advice.