Godrej Properties Ltd, one of India’s leading real estate developers, announced its financial results for the second quarter of FY2025, reporting a strong rise in profitability even as revenue and operating margins came under pressure.
The company’s consolidated net profit jumped 21% year-on-year to ₹405 crore, compared to ₹335 crore in the same quarter last year. However, revenue from operations fell 32% to ₹740 crore, down from ₹1,093 crore a year ago, indicating slower project recognition during the quarter.
Operationally, Godrej Properties reported an EBITDA loss of ₹513 crore, against an EBITDA profit of ₹32 crore in Q2FY24.
In the meantime, Godrej Properties shares dropped 2% after the Q2 announcement. As of 12:15 PM, the shares were trading 2.59% lower at Rs 2,233.80.
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