Godrej Properties net up 161 percent at Rs 163 crore in Q3
04-Feb-2025 04:51 PM 5832
New Delhi, Feb 4 (Reporter) Godrej Properties on Tuesday reported 161 percent year-on-year jump in net profit at Rs 163 crores in Q3 (October-December) period of current fiscal 2024-25. Booking value in Q3FY25 was Rs 5,446 crore from the sale of 4.07 million sq. ft. of area, a decline of 5 percent year-on-year and a growth of 5 percent quarter-on-quarter. This is the 6th consecutive quarter in which GPL has delivered more than Rs 5,000 crore of booking value GPL has achieved 71 percent of its annual guidance for booking value for FY25, the company said in a regulatory filing with the stock exchanges. Commenting on the performance of Q3 FY2025, Mr. Pirojsha Godrej, Executive Chairperson, Godrej Properties Limited, said “Godrej Properties delivered a record-breaking calendar year 2024 with its highest ever bookings, collections, operating cashflows, earnings and deliveries. The third quarter of financial year 2025 was the 6th consecutive quarter of more than Rs 5,000 crores bookings underlying the sectoral tailwinds for the residential real estate sector in India. With a robust launch pipeline, strong balance sheet, and resilient demand, we are on-track to surpass our bookings guidance of Rs 27,000 cores in FY25 while also achieving our highest ever cash collections, deliveries, earnings and operating cash flow. We remain focused on building scale through continued market share gains and margin expansion.” The company informed that it raised Rs 6,000 crore of equity for growth capital through largest ever QIP by a real estate company in India in Q3FY25. It delivered projects aggregating about 2.6 million sq. ft. across 2 cities in Q3FY25 taking the year-to-date total to about 11.9 million sq. ft...////...
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