Godrej Properties shares climbed over 3% after the company reported a strong Q2 FY25 performance. Revenue from operations jumped 218% year-on-year (YoY) to ₹1,093.23 crore, compared to ₹343 crore in Q2 FY24. However, on a quarter-on-quarter (QoQ) basis, revenue declined by 33.8% from ₹1,699.48 crore in Q1 FY25.
Net profit surged 360% YoY to ₹333.79 crore, up from ₹72.64 crore in Q2 FY24, although it saw a QoQ decline of 35.6%, compared to ₹518.80 crore in Q1 FY25. The total income for the quarter stood at ₹1,346.54 crore, up from ₹605.11 crore a year earlier.
Brokerage firms Jefferies and HSBC have maintained their buy ratings on Godrej Properties, raising their price targets to ₹3,750 and ₹3,700, respectively, signaling a significant upside from the current market price.
As of 9:30 am, the shares were trading 2.51% higher at ₹3,038.60 on NSE.
