Brigade Enterprises Ltd. reported consolidated net profit of ₹218.82 crore for the quarter ended September, up 28% from ₹170.82 crore a year earlier.
Total income fell to ₹1,249.99 crore from ₹1,429.86 crore in the corresponding period last year.
Managing Director Pavitra Shankar said residential demand remained resilient, particularly in the mid and premium segments, with customers prioritizing quality and larger homes.
Prabhudas Liladhar maintained its BUY rating on the stock with a target price of ₹700. The brokerage cited a strong H2 launch pipeline despite muted Q2 pre-sales.