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Godrej Properties to maintain growth; new launches treble in 6 years

Falling operating cash flows could make it difficult to meet return on equity target, say analysts

Topics
Godrej Properties | Compass | stocks

Ram Prasad Sahu  |  New Delhi 

Godrej Properties has been one of the better performing realty stocks with gains of 74 per cent on the back of standout June quarter (Q1) results and consolidation in the sector. Over the past five years, its market share in the National Capital Region, Pune, and Bengaluru has increased from below 1 per cent to over 3.5-4.1 per cent.

In Mumbai, its share has improved by 200 basis points to over 4.4 per cent. This is thanks to new launches and bookings, which have trebled over the last six years from 3 million square feet in financial year 2013-14 (FY14) to about 8.8 million square feet ...

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First Published: Fri, September 11 2020. 18:12 IST
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