Godrej Properties Limited (GPL) reported robust Q3 FY25 results, with total income soaring to ₹1,222 crore from ₹524 crore in Q3 FY24, marking a 133% year-on-year (YoY) growth. Net profit after tax jumped 163% YoY to ₹163 crore from ₹62 crore in the corresponding quarter last year.
The company achieved a booking value of ₹5,446 crore from the sale of 4.07 million square feet, making it the sixth consecutive quarter with bookings exceeding ₹5,000 crore. Additionally, GPL added four new projects with an estimated saleable area of 5.9 million square feet and an expected booking value of ₹10,800 crore.
In Q3 FY25, Godrej Properties delivered projects aggregating 2.6 million square feet across two cities, bringing the year-to-date total to 11.9 million square feet. The company also raised ₹6,000 crore in equity growth capital through India’s largest-ever QIP by a real estate firm.
The stock gained momentum on the strong earnings performance, reflecting positive investor sentiment.
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