Analysts, however, said the quarter's performance did not point to a structural weakening in housing demand, with customer response remaining healthy for projects launched during the quarter
Godrej Properties Ltd will generate more than Rs 20,000 crore of operating cash flow during the current and next fiscal, enabling the company to continue investing in business expansion, its executive Chairperson Pirojsha Godrej said. In an interview with PTI, Pirojsha highlighted that the company's operational performance was quite strong in the June quarter with sales bookings rising 22 per cent to Rs 8,651 crore. He noted that consistent sales growth is creating high visibility for both cash flows and earnings. "Actually, this was the sixth consecutive quarter where we had over Rs 7,000 crore of sales booking values". Pirojsha exuded confidence that the company is on track to meet or exceed guidance across all parameters -- sales bookings, launches, collections from customers and land acquisition. The company is also on track to achieve the guidance of 20 per cent ROE (return on equity) for the next financial year. "In addition, we think the operating cash flow of the company,
Among interest rate sensitives, Exide, Uno Minda, Bosch, Tata Motors CV, Ashok Leyland, Godrej Properties, DLF and Lodha Developers gained 3-5% in Wednesday's intra-day trade post RBI policy.
The real estate developer retained its FY27 guidance despite lower quarterly income, while booking value rose 22 per cent on strong demand across key markets
Realty firm Godrej Properties on Tuesday reported a 42 per cent decline in consolidated net profit to Rs 349.38 crore for the quarter ended June on lower income. Its net profit stood at Rs 598.40 crore in the year-ago period. Total income also fell to Rs 1,345.04 crore in the first quarter of this fiscal from Rs 1,620.34 crore in the corresponding period of the preceding year, according to a regulatory filing. On the operational front, Godrej Properties reported a 22 per cent increase in sales bookings to Rs 8,651 crore for the April-June quarter of 2026-27 fiscal. The company sold 3,738 units with a total area of 6.2 million sq ft during the June quarter. This is the 6th consecutive quarter in which booking value has exceeded Rs 7,000 crore. Pirojsha Godrej, Executive Chairperson of Godrej Properties, highlighted that the company has delivered another solid quarter for bookings, collections, business development and earnings. "We expect the sales momentum to continue for the re
Nifty 50 index needs to hold above 24,000 for an up move towards the 24,200 and 24,300 zones, while support can be seen at 23,900 then 23,800 zones.
According to Chandan Taparia of MOFSL, option data suggests a broader trading range between 23,800 and 24,600, while the immediate range is between 24,000 and 24,400
The Nifty Midcap 50 and Smallcap 50 have gained 21 per cent and 29 per cent thus far in FY27 led by strong gains in BHEL, Laurus Labs, Prestige Estates, Aegis Logistics and Welspun Corp.
The Nifty Realty index recouped its two-day loss on Thursday led by strong gains in Brigade Enterprises, Phoenix Mills, DLF and Godrej Properties.
The BSE Realty index turned positive on an YTD basis in July, having gained over 43% from its calendar year low. Analysts flag a positive bias in the short-term, but caution over long-term; here's why
Developers have become selective in launching new projects: Analysts
The real estate developer emerged as the highest bidder for a 4.95-acre residential plot in Sector 151, Noida, and plans a premium housing project with estimated revenue of Rs 2,000 crore
The developer will build plotted residential units on the site off Old Mahabalipuram Road, with the project expected to generate an estimated ₹500 crore in revenue
At 09:36 AM on Wednesday, the Nifty Realty index was the top sectoral loser, down nearly 1 per cent, as compared to 0.2 per cent rise in the Nifty 50.
Godrej Properties Ltd on Monday said it has acquired 23.2 acre land in Greater Noida via auction to develop a housing project with a revenue potential of more than Rs 7000 crore. In a regulatory filing, the company informed that it has "won the bid for a 23.2 acres (93,905 square metre) residential land parcel in DMIC integrated township, Greater Noida, through an e-auction". The auction was conducted by DMIC Integrated Industrial Township Greater Noida Ltd. Godrej Properties will develop a group housing project on the land parcel, "which is expected to offer an estimated revenue potential of over Rs 7,000 crore". Gaurav Pandey, MD and CEO, Godrej Properties, said, "We have witnessed consistent demand for our existing projects in Noida, and we remain bullish on this market. This will further strengthen our development portfolio in NCR (National Capital Region) and fits well with our strategy of deepening our presence in key micro markets across India's leading cities". Godrej ...
Tata Projects will execute construction work for three luxury residential developments by Godrej Properties along Gurugram's Golf Course Road
Godrej Properties is expecting to maintain its growth trajectory on strong consumer demand for homes and has set a target to achieve a 14 per cent increase in pre-sales this fiscal to Rs 39,000 crore, its executive chairperson Pirojsha Godrej said. In an interview with PTI, he highlighted that the company has performed very well during the last four years on key financial and operational metrics and said the company sees "no hindrance" in meeting the growth target for the current fiscal despite global uncertainties. However, Pirojsha said the company would remain "watchful" and "careful" to uncertainties caused by West Asia conflict for making any adjustment in its business plan. "We are feeling pretty good about the year ahead. Of course, we have to be a little bit careful with what happens globally. But, overall, feeling pretty good about where things stand at the moment. Demand continues to be quite strong," he said. Pirojsha noted that the Indian real estate market is witnessin
Godrej Properties reported a 73 per cent increase in its consolidated profit at ₹650 crore, as compared to ₹376 crore in the year-ago period
Strong bookings, higher revenues, and robust collections drive Godrej Properties' record quarterly profit, as the company outlines an aggressive growth and launch pipeline for FY27
Realty firm Godrej Properties on Monday reported a 70 per cent increase in consolidated net profit to Rs 649.88 crore for the quarter ended March on higher income. Its net profit stood at Rs 381.99 crore in the year-ago period. Total income rose to Rs 3,806.65 crore during January-March quarter of 2025-26 fiscal from Rs 2,681.06 crore in the corresponding period of the preceding year, according to a regulatory filing. During the full 2025-26 fiscal, the company's net profit grew to Rs 1,850.20 crore from Rs 1,399.89 crore in the preceding year. Total income rose to Rs 8,410.88 crore in the last fiscal from Rs 6,967.05 crore in the 2024-25 fiscal. Godrej Properties is one of the leading real estate developers in the country.