Brigade Enterprises Limited reported audited standalone earnings results for the fourth quarter and year ended March 31, 2013 and consolidated earnings results for the year ended March 31, 2013. For the quarter, on a standalone basis, the company reported total income from operations of INR 2,986.1 million against INR 1,320.2 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 526.0 million against INR 149.9 million a year ago. Profit from ordinary activities before tax was INR 338.9 million against INR 2.7 million a year ago. Net profit was INR 283.9 million against INR 80.3 million a year ago. The company has reported 254% increase in fourth quarter of fiscal 2013. Basic and diluted profit per share before and after extraordinary items was INR 2.53 against INR 0.72 a year ago. Total revenue was INR 2,994 million against INR 1,332 million a year ago. EBITDA was INR 720 million against INR 296 million a year ago. Net sales rose 125% over the year-ago period to INR 299.0 million. For the year, on a standalone basis, the company reported total income from operations of INR 7,787.1 million against INR 6,011.1 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 1,334.9 million against INR 1,203.4 million a year ago. Profit from ordinary activities before tax was INR 600.2 million against INR 681.5 million a year ago. Net profit was INR 642.5 million against INR 581 million a year ago. Basic and diluted profit per share before and after extraordinary items was INR 5.72 against INR 5.18 a year ago. Total revenue was INR 7,881 million against INR 6,093 million a year ago. Revenue jumped by 29%, while Net Sales were at INR 642 million as against INR 581 million for fiscal 2013. EBITDA was INR 2,151 million against INR 1,778 million a year ago. For the year, on a consolidated basis, the company reported total income from operations of INR 8,226.9 million against INR 6,439.9 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 1,316.3 million against INR 1,193.3 million a year ago. Profit from ordinary activities before tax was INR 536.6 million against INR 672.9 million a year ago. Net profit was INR 600.7 million against INR 569.4 million a year ago. Basic and diluted profit per share before extraordinary items was INR 5.35 against INR 5.07 a year ago. Basic and diluted profit per share after extraordinary items was INR 5.46 compared to INR 5.07 a year ago. In the fiscal 2013-14, the company planned to launch 8 million sq. ft. Of this residential launches will be 6.70 million sq. ft. and commercial space will be 1.30 million sq. ft.

Brigade Enterprises Limited announced that the board of directors of the company at its meeting held on May 07, 2013, has recommended a dividend of INR 1.50 per equity share.

Brigade Enterprises Limited, Board Meeting, May 07, 2013. Agenda: To consider the audited results and the dividend.