Brigade reports Rs144.23 cr income in Q3 FY10-11
Bangalore-based Brigade Enterprises Ltd has reported 121% increase in income in Q3 FY10-11 which stood at Rs144.23 crore as compared to Rs65.31 crore in Q3 FY09-10. EBIDTA for Q3 FY10 – 11 stood at Rs94.28 crore; registering an increase of 580% as compared to Rs13.88 crore in the corresponding period last year.
The company’s Profit Before Tax (PBT) was Rs84.82 crore as compared to Rs5.07 crore in Q3 FY09-10, an increase of 1573%.
MR Jaishankar, Chairman and Managing Director, Brigade Enterprises Limited said, “Brigade Enterprises will continue to create shareholder value as has been our constant endeavor. Being at the forefront of real estate development in South India, Brigade will cater to the growing demands in the residential, commercial and hospitality sectors and continue to set new performance benchmarks and create landmarks.”
The company said its Profit After Tax (PAT) for Q3 FY 2010-11 improved to Rs58.12 crore as against Rs5.93 crore in Q3 FY 2009 -10, an increase of 880%. The earnings per share (EPS) for Q3 FY 2010 – 11 stood at Rs 5.18 per share.