Brigade Enterprises declines on reporting 70% fall in Q4 net profit

Brigade Enterprises is currently trading at Rs. 55.00, down by 0.30 points or 0.54% from its previous closing of Rs. 55.30 on the BSE.

The scrip opened at Rs. 54.30 and has touched a high and low of Rs. 56.40 and Rs. 54.30 respectively. So far 2178 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 92.45 on 09-May-2011 and a 52 week low of Rs. 38.10 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs. 56.95 and Rs. 52.85 respectively. The current market cap of the company is Rs. 624.68 crore.

The promoters holding in the company stood at 57.58% while Institutions and Non-Institutions held 5.95% and 36.47% respectively. 

Brigade Enterprises has reported results for fourth quarter ended March 31, 2012.

The company has posted a fall of 70.48% in its net profit at Rs 8.04 crore for the quarter ended March 31, 2012 as compared to Rs 27.24 crore for the same quarter in the previous year. However, total income has increased by 28.75% at Rs 132.02 crore for quarter under review as compared Rs 102.54 crore for the quarter ended March 31, 2011.

For the full year ended March 31, 2012, on the consolidated basis the company has posted a fall of 52.76% in its net profit at Rs 56.93 crore for the year ended March 31, 2012 as compared to Rs 120.52 crore for the same period in the previous year. However, total income has increased by 31.85% at Rs 643.99 crore for year under review as compared to Rs 488.43 crore for the period ended March 31, 2011.