Underrated Gem- Capture 5% dividend

Brigade Enterprises
Mega Dividend Expected: 20rs-25rs, Announcement Date: 9 December

Revenue in Q2 grew 141 per cent to Rs 776 crore from Rs 322 crore in the corresponding quarter last year. Brigade saw Rs 831 crore in sales value in Q2, up 73 per cent year-on-year, with net area sales of 1.3 million sq ft. The residential business, with contributions from the Bengaluru, Chennai and Hyderabad markets, continued to drive the performance of the group.
The firm registered overall collections of Rs 937 crore in Q2. Furthermore, cash flows from operating activities for the quarter was Rs 213 crore, which is 37 per cent higher than the preceding quarter. In the office business, Brigade leased 170,000 square feet during Q2 with an active pipeline of 10 lakh square feet.

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