Reuters, Online, 13 Nov 2024
Traffic Projection (Monthly) : 38312220
Source/Reporter : Reuters

Nov 13 (Reuters) - India's Brigade Enterprises (BRIG.NS), opens new tab reported an 11% slide in second-quarter profit on Wednesday, hurt by muted property launches in key Bengaluru market.

The company's consolidated net profit dropped to 1.19 billion rupees ($14 million) in the quarter ended Sept. 30 from 1.34 billion rupees a year ago.

Revenue from operations fell 21.5% to 10.72 billion rupees, hit by a nearly 36% revenue slump in its mainstay real estate segment.

#Brigade Group #Real Estate