Godrej Properties announced unaudited financial results for the quarter and half-year ended September 30, 2024. The Board of Directors approved the results, which were reviewed by the Audit Committee and the Statutory Auditors.
Key Highlights –
- Revenue: Godrej Properties reported revenue from operations of ₹1,093.23 crore for Q2 FY25, marking a 218% year-on-year (YoY) growth compared to ₹343 crore in Q2 FY24. However, sequentially, the revenue decreased by -33.8% from ₹1,699.48 crore in Q1 FY25.
- Net Profit: The company posted a net profit of ₹333.79 crore, a 360% YoY increase from ₹72.64 crore in the same quarter last year (Q2 FY24). Quarter-on-quarter (QoQ), net profit fell by -35.6%, compared to ₹518.80 crore in Q1 FY25.
Additional Highlights:
- Godrej Properties’ total income for the quarter stood at ₹1,346.54 crore, up from ₹605.11 crore in Q2 FY24, indicating a robust performance despite the QoQ drop.
TOPICS:
Godrej Properties