Brigade Group and global hospitality company Accor announced the launch of ibis Styles Mysuru on KRS Road. ibis Styles is the fourth hotel between Brigade Group and Accor, and their second in Mysuru after Grand Mercure Mysuru. ibis Styles Mysuru seeks to redefine hospitality with its fusion of contemporary design and cultural nuances. The hotel's interiors draw inspiration from the vibrant birds of Ranganathittu Bird Sanctuary, creating a welcoming atmosphere for guests. With 130 well-designed rooms, ibis Styles Mysuru caters to a variety of needs, offering comfortable accommodation for travelers. The hotel's 30 suites feature designated kitchenettes, private balconies, spacious living areas, and family-friendly rooms. The hotel also houses a dedicated children's play area. Powered by Capital Market - Live

Brigade Enterprises announced that the Board of Directors of Mysore Projects (MPPL) Unlisted Material Subsidiary of the Company, at their meeting held today i.e 16 August, 2024 have approved the appointment of Mr. Abraham George Stephanos (DIN: 06618882) Independent Director of the Company, as an Independent Director on the Board of MPPL w.e.f. 16 August 2024. Powered by Capital Market - Live

Brigade Group has partnered with abCoffee, grab-and-go specialty coffee, to establish outlets across its commercial office spaces in Bengaluru. Through this partnership, abCoffee will open 6 outlets within Brigade properties, enhancing the caf' experience for tenants and visitors alike. We partnered with abCoffee in order to enhance the F&B offerings at our office parks. abCoffee is able to retro fit into operational buildings without requiring additional water or gas points. We find the brand youthful, and relevant, providing high quality F&B at reasonable prices. We are excited to take another step towards enhancing the experience across our campuses.' said Arvind Rao, Vice President - Commercial Business, Brigade Enterprises. Powered by Capital Market - Live

The domestic equity benchmarks pared some gains and traded with modest gains in afternoon trade. The Nifty traded below the 24,200 level. Realty, media and metal shares advanced while banking shares declined. At 13:30 IST, the barometer index, the S&P BSE Sensex, was up 336.90 points or 0.43% to 79,096.30. The Nifty 50 index added 103.70 points or 0.43% to 24,159.30. The broader market outperformed the headline indices. The S&P BSE Mid-Cap index advanced 0.99% and the S&P BSE Small-Cap index gained 0.92%. The market breadth was strong. On the BSE, 2,399 shares rose and 1,421 shares fell. A total of 134 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tumbled 10.07% to 18.32. Gainers & Losers: Britannia Industries (up 3.85%), Adani Enterprises (up 3.04%), JSW Steel (up 2.66%), Tech Mahindra (up 2.32%) and Larsen & Toubro (up 2.09%) were major Nifty gainers. HDFC Life Insurance Company (down 2.03%), Bharti Airtel (down 2.03%), SBI Life Insurance Company (down 1.45%), Shriram Finance (down 0.86%) and UltraTech Cement (down 0.41%) were major Nifty losers. Stocks in Spotlight: Oil and Natural Gas Corporation (ONGC) rose 0.66%. The company reported 15.09% decline in standalone net profit to Rs 8,938.10 crore in Q1 FY25 as compared with Rs 10,526.78 crore in Q1 FY24. Revenue from operations increased 4.29% YoY to Rs 35,266.38 crore in Q1 FY25. Tata Chemicals rose 0.53%. The company's consolidated net profit from continuing operations declined 69.72% to Rs 175 crore in Q1 FY25 as compared to Rs 578 crore posted in Q1 FY24. The company's revenue from operations fell 10.17% year-on-year (YoY) to Rs 3,789 crore for the quarter ended 30 June 2024. Brigade Enterprises rallied 3.85% after the company's consolidated net profit surged 117.29% of Rs 83.72 crore in Q1 FY25 as compared with Rs 38.53 crore reported in Q1 FY24. Revenue from operation jumped 64.8% year on year (YoY) to Rs 1,077.72 crore in the quarter ended 30 June 2024. BEML slipped 3.59%. The company's consolidated net loss narrowed to Rs 70.47 crore in Q1 FY25 as compared with Rs 75.01 crore reported in Q1 FY24. Revenue from operations grew by 9.91% to Rs 634.08 crore in Q1 FY25 as against Rs 576.91 crore posted in corresponding quarter last year. BLS International Services surged 11.32% after the company's consolidated net profit jumped 70.16% to Rs 120.78 crore in Q1 FY25 as compared with Rs 70.98 crore in Q1 FY24. Revenue from operations jumped 28.47% YoY to Rs 492.66 crore during the quarter Axiscades Technologies jumped 5.11% after the company reported a net profit of Rs 17 crore in Q1 FY25, which is nearly three times as compared with the PAT of Rs 6 crore recorded in Q1 FY24. Revenue from operations amounted to Rs 223 crore for the quarter, up 4.5% YoY. Cupid hit an upper circuit of 5% after the company reported a net profit of Rs 8.26 crore in Q1 FY25, steeply higher than Rs 2.16 crore posted in Q1 FY24. Revenue from operations jumped 16.18% year on year (YoY) to Rs 39.13 crore during the quarter. V-Mart Retail rallied 4.65% after the company reported a net profit of Rs 12.14 crore in Q1 FY25 as against net loss of Rs 21.94 crore posted in Q1 FY24. Revenue from operations jumped 15.85% year on year (YoY) to Rs 786.08 crore in the quarter ended 30 June 2024. Bharti Hexacom's shed 0.85%. The company's standalone net profit surged to Rs 511.2 crore during the quarter as compared with Rs 253.2 crore in Q1 FY24. Revenue from operations increased 13.61% YoY to Rs 1,910.6 crore during the quarter. Global Markets: Most European stocks advanced while Asian stocks traded mixed on Tuesday, recovering from steep losses in the previous session. Japanese markets led the rally, bouncing back after plunging into bear market territory. Bargain hunting also fueled gains, as investors snapped up discounted stocks with solid fundamentals. US stocks tumbled on Monday, triggered by recession fears. The Dow dropped 1,033.99 points, or 2.6%, to end at 38,703.27. The Nasdaq Composite lost 3.43% and closed at 16,200.08, while the S&P 500 slid 3% to end at 5,186.33. Friday's disappointing US jobs report intensified concerns about a potential recession. Investors are growing increasingly frustrated with the Federal Reserve's reluctance to cut interest rates despite slowing economic growth. The central bank opted to maintain rates at a 22-year high during its last meeting. Adding to market volatility, the unwinding of the yen carry trade is gaining momentum. After the Bank of Japan raised interest rates last week, narrowing the interest rate differential with the US, the yen strengthened against the dollar. This has forced investors to unwind positions that involved borrowing in yen to invest in higher-yielding assets.Powered by Capital Market - Live

Revenue from operation jumped 64.8% year on year (YoY) to Rs 1,077.72 crore in the quarter ended 30 June 2024. Profit before tax stood at Rs 108.44 crore in June 2024 quarter, significantly higher from Rs 30.04 crore posted in same quarter last year. The company's revenue from real estate segment was at Rs 707.20 crore (up 105.28% YoY); income from leasing stood at Rs 259.42 crore (up 23.35% YoY) while revenue hospitality stood at Rs 118.03 crore (up 11.79% YoY) during the period under review. EBITDA stood at Rs 328 crore in the first quarter of 2024. Pre-sales bookings in the real estate segment of Q1 FY25 stood at 1.15 million sft, with a sale value of Rs 1,086 crore. Average realisation stood at Rs 9,483 per sft. Pavitra Shankar, managing director, Brigade Enterprises, said, 'Real estate segment continued to be the primary driver of our growth, while other segments made healthy contributions. We believe that our diverse portfolio will help us capitalize on emerging opportunities. We will be holding the 17th edition of our annual event Brigade Showcase from the 9 to 11 August 2024. With the focus largely on sustainability, visitors can expect to learn about our eco-friendly practices, energy-efficient designs, and commitment to creating sustainable living spaces. It is an opportunity for prospective homebuyers to explore over 20 exceptional Brigade projects, including integrated townships, apartments, villas, and plots, ranging from Rs. 49 lakhs to Rs. 21 crores in the cities of Bengaluru, Chennai and Hyderabad.' Meanwhile, Brigade Group, through its wholly owned subsidiary, Brigade Tetrarch, has entered into a Limited Liability Partnership (LLP) agreement to develop a 1.4 million square feet leasable office space. The proposed commercial development is expected to generate an annual lease income close to Rs 100 crore per year, with an investment of close to Rs 750 crore. Brigade Enterprises is one of India's leading property developers. The company has developed properties in cities like Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Gift City-Gujarat, Thiruvananthapuram, Mangaluru and Chikkamagaluru with developments across residential, office, retail and hotels. Powered by Capital Market - Live

Revenue from operation jumped 64.8% year on year (YoY) to Rs 1,077.72 crore in the quarter ended 30 June 2024. Profit before tax stood at Rs 108.44 crore in June 2024 quarter, significantly higher from Rs 30.04 crore posted in same quarter last year. The company's revenue from real estate segment was at Rs 707.20 crore (up 105.28% YoY); income from leasing stood at Rs 259.42 crore (up 23.35% YoY) while revenue hospitality stood at Rs 118.03 crore (up 11.79% YoY) during the period under review. EBITDA stood at Rs 328 crore in the first quarter of 2024. Pre-sales bookings in the real estate segment of Q1 FY25 stood at 1.15 million sft, with a sale value of Rs 1,086 crore. Average realisation stood at Rs 9,483 per sft. Pavitra Shankar, managing director, Brigade Enterprises, said, 'Real estate segment continued to be the primary driver of our growth, while other segments made healthy contributions. We believe that our diverse portfolio will help us capitalize on emerging opportunities. We will be holding the 17th edition of our annual event Brigade Showcase from the 9 to 11 August 2024. With the focus largely on sustainability, visitors can expect to learn about our eco-friendly practices, energy-efficient designs, and commitment to creating sustainable living spaces. It is an opportunity for prospective homebuyers to explore over 20 exceptional Brigade projects, including integrated townships, apartments, villas, and plots, ranging from Rs. 49 lakhs to Rs. 21 crores in the cities of Bengaluru, Chennai and Hyderabad.' Meanwhile, Brigade Group, through its wholly owned subsidiary, Brigade Tetrarch, has entered into a Limited Liability Partnership (LLP) agreement to develop a 1.4 million square feet leasable office space. The proposed commercial development is expected to generate an annual lease income close to Rs 100 crore per year, with an investment of close to Rs 750 crore. Brigade Enterprises is one of India's leading property developers. The company has developed properties in cities like Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Gift City-Gujarat, Thiruvananthapuram, Mangaluru and Chikkamagaluru with developments across residential, office, retail and hotels. Powered by Capital Market - Live

Brigade Enterprises Ltd gained 5.79% today to trade at Rs 1189.55. The BSE Realty index is up 1.37% to quote at 7828.37. The index is down 10.44 % over last one month. Among the other constituents of the index, Godrej Properties Ltd increased 4.17% and Prestige Estates Projects Ltd added 3.51% on the day. The BSE Realty index went up 80.32 % over last one year compared to the 19.75% surge in benchmark SENSEX. Brigade Enterprises Ltd has lost 11.53% over last one month compared to 10.44% fall in BSE Realty index and 1.27% drop in the SENSEX. On the BSE, 7078 shares were traded in the counter so far compared with average daily volumes of 17268 shares in the past one month. The stock hit a record high of Rs 1451.9 on 25 Jun 2024. The stock hit a 52-week low of Rs 551 on 09 Aug 2023.Powered by Capital Market - Live

Net profit of Brigade Enterprises rose 117.29% to Rs 83.72 crore in the quarter ended June 2024 as against Rs 38.53 crore during the previous quarter ended June 2023. Sales rose 64.80% to Rs 1077.72 crore in the quarter ended June 2024 as against Rs 653.97 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1077.72653.97 65 OPM %27.1526.73 - PBDT176.3698.15 80 PBT108.4430.04 261 NP83.7238.53 117 Powered by Capital Market - Live