We've had strong bookings since March despite Covid crisis: Pirojsha Godrej

In a Q&A, the chairman of Godrej Properties says collections, which are linked to construction milestones, have also improved

Godrej Properties posted a loss before tax of Rs 14.69 crore in the June quarter of FY21, as compared to a profit before tax of Rs Rs 140 crore in Q1FY20. Though the firm’s collections from customers and cashflows have declined in Q1FY21, Pirojsha Godrej, chairman of the company, tells Raghavendra Kamath that the business metrics are improving due to improvement in construction. Excerpts.

Your collections from customers were about 40 per cent of pre-covid levels. What is the position in the current quarter? Is it improving?

Collections are better now. They are linked to the achievement of construction milestones