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Home > Forum > Real estate News > Brigade Enterprises Review

Brigade Enterprises Review

Q: Hi heard that real estate developer Brigade Enterprises has reported a 9% fall in quarterly profit. Kindly discuss on this news.

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Replies (5)
1
Due to increase in construction costs, developers had to increase the selling price which resulted to decreased sales. so to boost this sales they decided to decrease their profits by decreasing the selling price.
Damodar


2
Hey guys the profit for the December quarter fell by 6% to Rs 14.8 crore as compared with Rs 16.2 crore a year ago, on account of higher provisioning for a new method of tax calculation. Profit before tax grew by over 200% to Rs 26.55 crore.
Vivek Kulkarni


3
@Vivek Also the company added that revenue recognition from 1-million sqft of residential space launched in the October to December quarter would be realized in the second half of the next fiscal.
Puneet Laskar


4
It has reported revenues of Rs 183.5 crore in the just concluded December quarter, a marginal growth of 2%, over Rs 180.8 crore reported in the same period a year ago.
Vivek Kulkarni


5
Yes Srinivas, Bangalore-based real estate developer Brigade Enterprises has reported a 9% fall in quarterly profit and therefore dragged down by higher income tax provision, and said it expects to do better in the next quarter.
Puneet Laskar


6

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