Brigade Enterprises Reports Q2 Profit Decline

Brigade Enterprises Ltd reported an 11% decline in consolidated net profit for the September 2024 quarter, totaling Rs 118.98 crore, down from Rs 133.50 crore a year prior. The company's total income also fell to Rs 1,138.13 crore, compared to Rs 1,407.92 crore in the same period last year. Additionally, revenue from operations decreased by 21.6%, leading to a net profit increase of 2.3% from the previous quarter. The company's stock experienced a 3.90% drop in trading, reflecting investor concerns amid market fluctuations, with a 'Sell' call issued by MarketsMojo. Brigade continues to focus on strategic initiatives to maintain profitability despite current challenges. The overall market sentiment remains cautious as investors await further insights into the real estate sector's performance.