Brigade Enterprises Ltd

Purpose-Led

Growth in a Transforming India

Dear Stakeholders,

It gives me great pride to present Brigade Enterprises Limited's first ever Integrated Annual Report for FY 2024-25. This year has been one of strong performance, purposeful growth and expanding impact.

FY24-25 unfolded against the backdrop of a recovering global economy. While inflationary pressures and geopolitical uncertainties continue to pose challenges, India remains a beacon of resilience and growth. The Indian real estate sector, supported by robust demand and evolving consumer preferences, has seen significant momentum, particularly in residential and premium asset classes. Government policies favouring infrastructure development, urbanisation and sustainability have further reinforced this trend.

Brigade has delivered a year of record-breaking performance. We achieved our highest ever presales of 57,847 Crore, a remarkable 31% growth over FY23-24, with a volume of 7.05 Million sq. ft. launched across 11 projects, the largest in our history. The average realisation stood at 511,138 per sq. ft., up by 40%, driven by a focused strategy on premium residential offerings.

On the commercial front, we launched 2 Million sq. ft. of office space, with our flagship properties like Brigade Twin Towers witnessing robust demand from flex spaces, retail and manufacturing sectors. Mall consumption also grew by 4% Y-O-Y, underscoring the strength of our mixed-use ecosystem.

Our total revenue increased by 5% Y-O-Y to 55,314 Crore, while EBITDA grew 21% to 51,654 Crore. Profit after tax rose significantly to 5680 Crore, highlighting our focus on execution, margin optimisation and operational efficiency. It is also noteworthy that our residential segment continues to be debt-free, reflecting financial prudence and healthy cash flows.

We launched over 9.5 Million sq. ft. across 11 projects, our highest ever and expanded into mixed-use and plotted developments. Our commercial leasing portfolio now spans 9 Million sq. ft., with demand driven by marquee tenants across manufacturing, flex and IT sectors. Orion Malls continue to lead with high footfalls and trading density, supported by green operations powered by 80% renewable energy.

The hospitality vertical, now comprising 9 operating hotels and ~1,600 keys, posted strong profitability with branded assets under global operators. Our clubs and convention centres continue to be benchmarks in experiential service.

Brigade is advancing confidently on its net zero by 2045 roadmap. FY25 saw a 3X increase in renewable energy usage, an 8.8% reduction in energy consumption and a 17.5% drop in operational emissions compared to the previous year. We have now planted over 1 lakh trees, with another 1 lakh scheduled and have cumulative 16.35 Million sq.ft. of Certified Green Space and it is a a testament to our environmental stewardship.

Our ESG monitoring tech platform went live this year, improving transparency and accountability across projects. Climate and biodiversity risks have also been integrated into our enterprise risk management framework.

Our purpose extends beyond commercial success. The Brigade Foundation continues to uplift communities through education, health and skill development initiatives. The Indian Music Experience Museum, India's first hi-tech interactive music museum, remains a proud symbol of cultural investment.

Workplace inclusion and diversity are progressing steadily, with 33% of our Board now represented by women, moving towards our 50% goal by 2028. Recognised for 14 consecutive years as a Great Place to Work, Brigade remains an employer of choice in the real estate sector.

Looking ahead to FY25-26, we have a strong launch pipeline of ~15 Million sq. ft., including key projects in fast-growing metros. The planned IPO of Brigade Hotel Ventures Ltd. will unlock value and support further scale in our hospitality business. Simultaneously, tech- led platforms such as Brigade REAP and initiatives like Here4You and Brigade Plus will continue to enhance customer and partner experiences.

With an investment-grade balance sheet, a pan-South India presence and a diversified portfolio, Brigade is well-positioned to sustain momentum. Our focus remains clear: responsible growth, innovation-driven execution and lasting value creation.

We are not just building structures, we are shaping experiences, environments and futures. I extend sincere thanks to our shareholders, employees, customers and partners for their continued trust and support. Together, we will keep transforming city skylines and lives.

Warm regards,

Brigade Enterprises Limited