The shares of this Leading real estate development company are in focus after the company’s quarterly bookings crossed Rs.10,000 crores for the first time in Q4 FY25 marking its highest-ever Quarterly and full yearly bookings through the sale of 3,703 homes.
Price movement:
With a market capitalization of Rs.58,012 crores, at 10.30 a.m., the shares of Godrej Properties Limited surged up by 2 percent on Tuesday trading from the previous closing of Rs.1923.65. The stock is 42.1 percent down from its 52-week high of Rs.3402.70.
What’s the News:
In the recent filing to the stock regulators, the company informed that it has delivered its highest-ever quarterly and full-year bookings where the company’s quarterly bookings crossed RS. 10,163 crore for the first time in Q4 FY25 showing a staggering growth of 87 percent QoQ and 7 percent YoY.
Key performance Highlights:
- The value of the bookings in the Q4 grew by 87 percent QoQ and 7 percent YoY to Rs.10,163 crores through the sale of 3,703 homes with a total area of 7.52 million sq.ft marking the company’s highest-ever quarterly booking value
- The company has delivered more than Rs.5000 crore booking value straight 7 consecutive quarters
- The booking value grew by 31% YoY to Rs 29,444 crores in FY25. The company sold around 15,302 homes with a total area of 25.73 million sq. ft marking it a YoY volume growth of 29%. This is the highest-ever full-year booking value and volume announced by any real estate developer in India to date.
- The company has achieved 109 percent of its annual guidance for booking value for FY25. FY 25 was the 8th consecutive financial year of booking value growth for Godrej properties.
- NCR, MMR & Bengaluru contributed more than Rs. 10,500 crores, Rs 8,000 crore, and Rs 5,000 crore respectively to the booking value in FY25.
About the company:
Godrej Properties Limited (GPL) is the real estate development arm of the Godrej Group, which was started in 1897 and is today one of India’s most successful conglomerates. In FY 2024, Godrej Properties emerged as the largest developer in India by the value of residential sales achieved. The company operates in 13 Indian cities, including Mumbai, Pune, Bengaluru, Delhi-NCR, Hyderabad, Kolkata, and others, developing residential, commercial, retail, and IT projects.
Financials:
The company’s revenue from operations has surged by 126.14 percent from Rs.548.31 Crores in Q3FY24 to Rs.1239.97 Crores in Q3FY25, with the net profits of the company growing about 161 percent from Rs 62.27 Crores in Q3FY24 to Rs. 162.64 Crores in the Q3 FY25.
Written by – LIKESH BABU S
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