Brigade Enterprises Limited — Earnings Release 2021

Nov 12, 2020

Corporate Identitu Number (C!N) : L85110KA1995PLC019126

BRIGADE Building Positive Experiences

Brigade Enterprises Limited

Registered Office 29th g 30th Floor, World Trade Center Brigode Gateway Campus. 26/1, Dr Rajkumar Road Mollesworom • Rajojinagor. Bengaluru - 560 055, India T: •91 SO 4137 9200 E : enquiry@brigodeqroup.com W : wnww.brigadegroup.com

Ref: BEL/NSEBSE/PR/12112020

12 th November, 2020

Listing Department National Stock Exchange of India Limited Excharge Plaza, Bandra Kurla Complex, Bandra (East) Mumbai - 400 051

Department of Corporate Services - Listing BSE Limited P. J. Towers balal Street, Mumbai - 400 001

Re-: scrip Symbol: BRIGADE/Scrip Code: 532929

Dear Sir/Madam.

Sub. : Press Release - Corrigendum

11 8 November, 2020 relating to press release for the financial results for the second quarter and half year ended 30th September, 2020. In the press release the financial numbers in the table mentioned in the second page was inadvertently mentioned as "INR Millions" instead of nINR Crore."

This intimation is pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The corrected press release is enclosed.

Kindly take the same on your records,

Thankirg you,

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Yours faithfully,
For Briga erprise Limite
P. 0m P
Company Secretary Complimce Officer
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Encl.: a/a

BRIGADE Budding Positive Espervences

PRESS RELEASE

For Immediate Release

Brigade Group Announces Q2 FY21 Financial Results

• Residential pre-sales of 1 mn sqft back at pre-Covid levels

• Total collections at Rs. 536 crores

Bengaluru, India — November 12, 2020: Brigade Group, a leading property developer in India, announced its financial results for the second quarter and half year ended September 30, 2020.

Operational Highlights (Q2 FY21):

Real Estate

• Achieved pre-sales of 1 mn sq ft in Q2 FY21 despite global pandemic. Back to preCovid levels. Sales value up 9% YOY at Rs. 576 Crore

• Realization per sft has gone up 10% compared to the previous year

• Collections at Rs. 400 Crore in Q2' 21 as compared to Rs. 277 Crore in QI' 21

• Increased demand for larger homes in the price segment of Rs. 1.5 Crore and above Strong pipeline of ongoing projects of 15.93 mn sq ft

• Upcoming projects of 3.12 mn sft planned for launch in coming quarters

Lease rental

• Leased 0.04 mn sq ft. of new office area in Brigade Tech Gardens, Phase I Leasing segment for offices remains stable and positive with —99% collections Growth of 62% in Office rental revenue in HI'21 as compared to HI'20 Improved traction in enquiries and healthy pipeline of 1.4 mn sft Witnessed month on month increase in footfalls and occupancy in malls

Hospitality

• Average occupancy increased to 15% vs 11% in the previous quarter

• Witnessing better traction in F &B and banquet business

• Hospitality business impacted because of the COVID-19 travel restrictions in place. However, we are modestly optimistic with respect to the hospitality business.

BRIGADE

Financial Highlights:

Consolidated Performance:

			Yearly
Finatciöls		HI FY21	FY20	Yoy	FY21			QZ	Q2FT21 QIFY21	Q2FY21
Revenue		536				214	L	752
		157	397
EBITDA
Profit / (Loss)
Before Tax		-125		-190%
PAT/LAT after •	Tar	-70 LAT— Lass	79		-17

Commenting on the results, Chairman & MD Mr. M-R- Jaishankar gucrter to witness uncertainty cround the COVE-IS pandemic, however, we wvlt f-ccus cn cur Susinesses which deliver growth cnidst this chc/lenging Cesgi2 we have seen c bcurce back jn our residential segment, with scles Hue Scck gre-Ccvid Cur corrections for the gucrter Rs- SBS Croe cashflcws cre pcsitivegain in the coming quarters enquiries u; cur cfc zile—crs cre st±let'%th the ;rcducl opering cf the eccrcmy, we mcdestiy age—isaiz hospitality cod retail business— atl efforts cre being positive that even these Susiræses Wii! normcfize

Awards and Recognitions during 02 FY21:

Briga± was recognized and a•nrded as India's Top Suiders 2CÜ Et Architects are Buiders Awards in August 2020.

About Brigade Enterprises

Brigade is one cf India's leading property deve{apers with deczdes ci building positive experienæs for their stakeholders End winning Brigade has developed many lat-dc-nark Bui}dit-j€s trzrsizrrned the Ecrzss Sc•d India in the cit±s of Bensaluru, %tysuru, Chennai ccdi 'Sid across ResZentZi, Offce, Retaile Haspit2Et•/ and Educztcn Sectzrs. Est2&ts.Sea Jr Brigade Enterprises is headquartered in Sent—cru, and has a zi zgcra3,361cr as of September 30th, 2020-

For informatzn on Brigade Group, please visit Brig±eGrcug-cn cc

us at

For mare information. pie—e correct:

Miriam Macwana. S%äde Enterprises Ltd.. Sr. DGM- Corporate Comrnuniations, Phone: 91 SO 41379200 E-maai: com