Brigade Hotel Ventures Limited, a Bengaluru-based hospitality company that recently completed an Initial Public Offering on July 31, 2025, reported a basic and diluted earnings per share of 0.38 for the quarter ended June 30, 2026. The company, which raised Rs. 75,960 lakhs through its IPO and an additional Rs. 12,600 lakhs via a preferential allotment, currently holds Rs. 21,925 lakhs in temporarily invested proceeds. Brigade Hotel Ventures is currently embroiled in a property tax dispute totaling Rs. 2,874 lakhs, having already paid Rs. 4,603 lakhs under protest, and is litigating the matter with confidence in a favorable outcome. Additionally, the company reversed a Rs. 3,000 lakhs impairment loss on a subsidiary, SRP Prosperita Hotel Ventures Limited, and complied with a December 2025 income tax survey.
