Page 2 - Godrej Properties Results

Godrej Properties Q2 profit rises 54% to Rs 54.96 crore on higher income

Realty firm Godrej Properties on Wednesday reported a 54 per cent increase in its consolidated net profit to Rs 54.96 crore for the quarter ended September on higher income. Its net profit stood at Rs 35.73 crore in the year-ago period. The total income also rose to Rs 369.20 crore in the second quarter of this fiscal from Rs 334.22 crore a year ago, according to a regulatory filing. Its sales bookings fell 6 per cent to Rs 2,409 crore in the July-September period against Rs 2,574 crore in the year-ago period. During the April-September period of this fiscal, the sales bookings rose 60 per cent to Rs 4,929 crore from Rs 3,072 crore in the corresponding period of the previous year. Pirojsha Godrej, Executive Chairman, of Godrej Properties Ltd, said: "While the global macroeconomic environment deteriorated in the second quarter, India's economy continues to outperform and residential real estate demand continues to remain robust". "At the halfway mark of the financial year, we are

Godrej Properties Q1 profit nearly triples to Rs 46 cr; bookings up 5 times

Gaurav Pandey will become the new MD and CEO of the Mumbai-based developer from January 1 next year

Godrej Properties' Q4 profit at Rs 260 cr; income triples to Rs 1,523 cr

Godrej Properties on Tuesday reported a consolidated net profit of Rs 260.47 crore for the quarter ended March 2022 on higher income. The company had posted a net loss of Rs 191.57 crore in the year-ago period. Total income increased to Rs 1,522.57 crore during January-March quarter of the last fiscal year from Rs 576.08 crore in the year-ago period, according to a regulatory filing. Mumbai-based Godrej Properties posted a net profit of Rs 352.37 crore during 2021-22 fiscal year as against a net loss of Rs 189.30 crore in the previous year. Total income increased to Rs 2,585.69 crore in the last fiscal year from Rs 1,333.09 crore in 2020-21. "The real estate sector has strengthened during FY22 and we expect strong growth for the sector over the next few years. We are pleased to close the financial year with our best ever annual sales, cash collections, and earnings. With a robust launch pipeline, strong balance sheet and sectoral tailwinds, we look forward to building on this mome

After deal cancellation, Q4 launches key driver for Godrej Properties

Godrej Properties had disappointed the Street with muted bookings in Q3.

Godrej Properties logs nearly three-fold jump in Q3 profit at Rs 39 cr

Total income increased to Rs 466.91 crore in the quarter from Rs 311.12 crore in the corresponding period of the previous year, according to a regulatory filing

Godrej Properties Q4 PBT falls 23% on five-fold spike in raw material cost

Revenue up 10%, firm claims it posted its best-ever quarterly performance in terms of value of real estate sold

We have a strong launch pipeline: Godrej Properties MD Mohit Malhotra

Mohit Malhotra, managing director of the company, tells Business Standard how the company is going ahead with its plans

New project sales boost growth prospects of Godrej Properties stock

Most of the firm's projects, to be launched in H2FY20 and FY21 in Mumbai, are in the luxury and premium segment

Facing liquidity issues, big realtors eye new development management models

Godrej signed a similar deal with a Bengaluru-based developer recently. In the new version of DM, Godrej may or may not charge a fee, as it's a 50 per cent partner in the project

No sluggishness in realty, suggest Godrej Properties' Q4 results

Company achieved its highest sales in FY18; future pipeline too remains strong