Shares of Godrej Properties rose over 3%, trading at Rs 2,469.45 in early session, following the announcement of a significant surge in its Q3FY25 financial results. The company reported a consolidated net profit of Rs 163 crore, reflecting a 163% year-on-year (YoY) growth compared to Rs 62 crore in the same period last year.
Revenue Highlights:
The real estate firm’s consolidated revenue from operations jumped 194% YoY to Rs 969 crore, up from Rs 330 crore in Q3FY24. During the quarter, the company delivered 2.6 million square feet of projects across two cities, with collections rising 27% YoY to Rs 3,069 crore.
Booking and Business Developments:
- The company achieved a booking value of Rs 5,446 crore for the quarter, a slight 5% decline YoY but a 5% increase over the previous quarter.
- Godrej Properties met 71% of its booking guidance for FY25, targeting Rs 27,000 crore for the fiscal year.
- Business development exceeded the FY25 target of Rs 20,000 crore, with Rs 23,450 crore achieved in the April-December period.
- The company added four new projects during Q3 with a saleable area of 5.9 million sq ft and an estimated booking value of Rs 10,800 crore.
Pirojsha Godrej, executive chairperson, commented that the company remains on track to surpass its booking guidance, supported by sectoral tailwinds, a strong balance sheet, and sustained demand.
Updated stock details:
- Current Price: Rs 2,469.45
- Previous Close: Rs 2,389.85
- Market Cap: Rs 74,227 crore
- Day’s Range: Rs 2,442.10 – Rs 2,522.00
- 52-Week Range: Rs 2,080.10 – Rs 3,402.70
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
