Godrej Properties Results

India's 26 major realty firms sell Rs 35,000 cr worth properties in Q2

India's 26 major listed real estate firms have sold properties worth nearly Rs 35,000 crore during the September quarter with Godrej Properties reporting highest sales bookings. According to the data compiled from regulatory filings, the 26 major listed realty firms have reported a combined sales bookings of Rs 34,985 crore in the second quarter of the current fiscal year. Bulk of pre-sales (sales bookings) came from residential segment. In terms of sales bookings, Godrej Properties emerged as the largest listed player during July-September quarter with pre-sales of Rs 5,198 crore. Mumbai-based Macrotech Developers Ltd, which sells properties under the Lodha brand, reported sales bookings of Rs 4,290 crore during the quarter under review. Delhi-NCR-based Max Estates sold properties worth Rs 4,100 crore, while Bengaluru-based Prestige Estates Projects Ltd clocked sales bookings of Rs 4,022.6 crore during the quarter. Delhi-NCR based Signature Global achieved sales bookings of Rs 2

Godrej Properties Q2 results: Profit zooms fivefold to Rs 335 crore

Company's revenue from operations for the quarter stood at Rs 1,093.23 crore, 3.2x from year-ago period

Godrej Properties Q2FY25 result: PAT jumps 5-fold to Rs 335.21 crore

Realty firm Godrej Properties on Wednesday reported a five-fold jump in its consolidated net profit to Rs 335.21 crore for the quarter ended September on higher income. Its net profit stood at Rs 66.80 crore in the year-ago period. Total income more than doubled to Rs 1,346.54 crore in the second quarter of this fiscal from Rs 605.11 crore in the corresponding period of the previous year, according to a regulatory filing. Pirojsha Godrej, Executive Chairperson, Godrej Properties Ltd, said the company delivered a robust second quarter with its highest-ever Q2 and H1 bookings, collections, operating cashflows, and deliveries. "With bookings growth of 56 per cent in FY23, 84 per cent in FY24 and 90 per cent in H1 FY25, Godrej Properties has reset its scale," he added. The benefit of this is visible in the company's cash flows with collections growth of 68 per cent and operating cash flow growth of 125 per cent in the September quarter, Pirojsha said. "With a robust launch pipeline,

Godrej Properties sales jump four-fold in June quarter to Rs 8,637 crore

Godrej Properties clocked a four-fold jump in consolidated net profit to Rs 520.05 crore year-on-year

Godrej's Bengaluru launch sells over 2,000 homes, nets Rs 3,150 crore

This achievement is the second instance in the past three months where Godrej Properties has reached sales of Rs 3,000 crore

Godrej Properties reduces net debt by 10% in Q4 on strong cash flow

Realty firm Godrej Properties has reduced its net debt by 10 per cent in the latest March quarter to nearly Rs 6,200 crore on strong sales and collections of funds from customers, its executive chairperson Pirojsha Godrej has said. In an interview with PTI, Pirojsha said, "We have reduced our net debt by Rs 700 crore during Q4 (January-March quarter of 2023-24) because of strong operating cash flow." The company's net debt stood at Rs 6,198 crore as on March 31, 2024 as against Rs 6,903 crore at the end of the preceding quarter. Pirojsha attributed the reduction in the net debt to strong cash collections from customers. "We have reduced net debt even as we continue to acquire land parcels for future development," he observed. Asked about the guidance for net debt in the current 2024-25 fiscal, Pirojsha said, "Our debt equity ration was 0.62 at the end of the March quarter. We would like to keep our gearing ratio between 0.5 to 1:1." The net debt level may increase or decline in

Godrej Properties Q4FY24 results: Profit rises 14% to Rs 471.26 crore

Total income rose to Rs 1,914.82 crore in the fourth quarter of last fiscal from Rs 1,838.82 crore in the corresponding period of the previous year, the company informed in a regulatory filing

Godrej Properties buys plots with Rs 20K cr revenue potential this fiscal

To expand business amid strong housing demand, realty firm Godrej Properties Ltd has acquired multiple land parcels so far this fiscal that have the potential to generate revenue of around Rs 20,000 crore. Godrej Properties has surpassed the guidance for the 2023-24 fiscal to achieve Rs 15,000 crore worth new business development, which means adding land parcels through outright purchases and partnerships with landowners. With the acquisition of two land parcels earlier this week, Godrej Properties Managing Director and CEO Gaurav Pandey said the company has already achieved the annual guidance of new business development of Rs 15,000 crore. "We added new projects worth Rs 8,425 crore in the first nine months of this fiscal," Pandey said. In the current quarter, the company has done two outright land purchases in Hyderabad and Noida, while entering into a joint venture in Bengaluru. These three new acquisitions will help generate cumulative revenue of around Rs 11,500 crore, takin

'Godrej Properties to beat FY24 guidance, sale bookings to hit Rs 18k cr'

Godrej Properties' sale bookings are likely to rise 50 per cent annually to over Rs 18,000 crore this fiscal year, beating the annual guidance on strong demand for its residential projects. In an interview with PTI, Executive Chairperson Pirojsha Godrej said the company is hopeful of selling properties of more than Rs 5,000 crore during January-March period of this fiscal year, repeating the performance of the previous two quarters. The real estate arm of Godrej Group had sold properties worth Rs 12,232 crore in 2022-23 and had given sales guidance of Rs 14,000 crore for the current fiscal. "We have crossed last year bookings number already in the first nine months of this fiscal and expect to go well past our full-year guidance. Overall we are happy with what is going from an operational perspective and hoping for a strong end to this fiscal year," said Pirojsha. "We have done Rs 5,000 crore plus sales bookings in the last two quarters. We hope to do that again in the fourth ...

Godrej Properties Q2FY24 result: Net profit at Rs 72 cr; revenue up 107%

The revenue from operations for Q2FY24 came in at Rs 343 crore, compared to Rs 165.09 crore year-on-year

From Adani Wilmar to Havells India: Q4 results to watch out for today

Q4 results: Godrej Properties, Reliance Power, Bajaj Consumer, Chola Investment, JK Agri Genetic, Petronet LNG, Sula Vineyards, Sonata, and Tata Chemicals will also announce their results today

Godrej Properties logs record sales booking of Rs 12,232 cr in FY23, up 56%

Godrej Properties on Monday said its sales booking rose 56 per cent last fiscal year to an all-time high of Rs 12,232 crore on strong demand for residential properties. In a regulatory filing, Godrej Properties informed that the company achieved its highest ever sales bookings in the fourth quarter as well as the entire 2022-23 financial year. In the fourth quarter, the company clocked sales bookings of Rs 4,051 crore. Its sales bookings stood at Rs 7,861 crore in 2021-22. When contacted, Godrej Properties Executive Chairman Pirojsha Godrej said: "The reason we were able to deliver strong growth in FY23 is that we had a strong portfolio of projects across the country." "For the first time, we sold over Rs 2,000 crore of real estate in each of our four focus markets of Mumbai, NCR, Bengaluru and Pune," he told PTI. Of the total sales bookings last fiscal year, Pirojsha said the housing segment's contribution was 99 per cent. "Our teams on the ground did very well to capitalize on

Godrej Properties net profit up 54% to Rs 55 cr, net income grows 13%

Company says it has added 6 new projects with a total saleable area of 6.34 million sq ft

Godrej Properties Q2 profit rises 54% to Rs 54.96 crore on higher income

Realty firm Godrej Properties on Wednesday reported a 54 per cent increase in its consolidated net profit to Rs 54.96 crore for the quarter ended September on higher income. Its net profit stood at Rs 35.73 crore in the year-ago period. The total income also rose to Rs 369.20 crore in the second quarter of this fiscal from Rs 334.22 crore a year ago, according to a regulatory filing. Its sales bookings fell 6 per cent to Rs 2,409 crore in the July-September period against Rs 2,574 crore in the year-ago period. During the April-September period of this fiscal, the sales bookings rose 60 per cent to Rs 4,929 crore from Rs 3,072 crore in the corresponding period of the previous year. Pirojsha Godrej, Executive Chairman, of Godrej Properties Ltd, said: "While the global macroeconomic environment deteriorated in the second quarter, India's economy continues to outperform and residential real estate demand continues to remain robust". "At the halfway mark of the financial year, we are

Godrej Properties Q1 profit nearly triples to Rs 46 cr; bookings up 5 times

Gaurav Pandey will become the new MD and CEO of the Mumbai-based developer from January 1 next year

Godrej Properties' Q4 profit at Rs 260 cr; income triples to Rs 1,523 cr

Godrej Properties on Tuesday reported a consolidated net profit of Rs 260.47 crore for the quarter ended March 2022 on higher income. The company had posted a net loss of Rs 191.57 crore in the year-ago period. Total income increased to Rs 1,522.57 crore during January-March quarter of the last fiscal year from Rs 576.08 crore in the year-ago period, according to a regulatory filing. Mumbai-based Godrej Properties posted a net profit of Rs 352.37 crore during 2021-22 fiscal year as against a net loss of Rs 189.30 crore in the previous year. Total income increased to Rs 2,585.69 crore in the last fiscal year from Rs 1,333.09 crore in 2020-21. "The real estate sector has strengthened during FY22 and we expect strong growth for the sector over the next few years. We are pleased to close the financial year with our best ever annual sales, cash collections, and earnings. With a robust launch pipeline, strong balance sheet and sectoral tailwinds, we look forward to building on this mome

After deal cancellation, Q4 launches key driver for Godrej Properties

Godrej Properties had disappointed the Street with muted bookings in Q3.

Godrej Properties logs nearly three-fold jump in Q3 profit at Rs 39 cr

Total income increased to Rs 466.91 crore in the quarter from Rs 311.12 crore in the corresponding period of the previous year, according to a regulatory filing

Godrej Properties Q4 PBT falls 23% on five-fold spike in raw material cost

Revenue up 10%, firm claims it posted its best-ever quarterly performance in terms of value of real estate sold

We have a strong launch pipeline: Godrej Properties MD Mohit Malhotra

Mohit Malhotra, managing director of the company, tells Business Standard how the company is going ahead with its plans