Brigade Enterprises reports 46% fall in Q1 net profit

Brigade Enterprises has reported results for first quarter ended June 30, 2012.

The company has reported a fall of 45.84% in its net profit at Rs 14.38 crore for the quarter under review as compared to Rs 26.55 crore for the same quarter in the previous year. The total income from operation of the company has decreased by 18.72% at Rs 138.59 crore for Q1FY13 as compared Rs 170.50 crore for the corresponding quarter previous year.

Brigade Enterprises is a flagship company of Brigade Group, which is one of South India's leading property developers. The company has completed 67 residential, commercial, retail and hospitality projects, covering over 6.74 million square feet of developable area.