{"id":105884,"date":"2023-08-02T15:13:14","date_gmt":"2023-08-02T09:43:14","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=105884"},"modified":"2023-08-02T15:13:16","modified_gmt":"2023-08-02T09:43:16","slug":"godrej-properties-reports-3x-increase-in-q1-fy24-net-profit-sales-bookings-down-11","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/godrej-properties-reports-3x-increase-in-q1-fy24-net-profit-sales-bookings-down-11\/","title":{"rendered":"Godrej Properties Reports 3x Increase in Q1 FY24 Net Profit, Sales Bookings Down 11%"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2524856982\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p><a href=\"https:\/\/portal.tradebrains.in\/stock\/GODREJPROP\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Godrej Properties<\/strong><\/a> on Wednesday reported a nearly three-fold jump in consolidated net profit at Rs 124.94 crore for the first quarter of this fiscal, while sale bookings fell 11% annually in April-June period to Rs 2,254 crore.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2843530055\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Its net profit stood at Rs 45.55 crore in the year-ago period.<\/p><p>Total income rose to Rs 1,265.98 crore in April-June 2023-24 from Rs 426.40 crore in the corresponding period of the previous year, according to a regulatory filing.<\/p><p>On the operational front, Godrej Properties\u2019 sale bookings declined 11% to Rs 2,254 crore in the quarter from Rs 2,520 crore in the year-ago period. In terms of volumes, sale bookings dropped 20% to 2.25 million square feet from 2.83 million square feet.<\/p><div class=\"trade-content_5\" id=\"trade-1322307203\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company delivered 4.9 million square feet in Q1 FY24.<\/p><p>&#8220;While it was a muted start to the year from a bookings perspective, Godrej Properties saw strong traction in deliveries, business development, cash collections, and earnings in Q1 FY&#8217;24,&#8221; Godrej Properties Executive Chairperson Pirojsha Godrej said.<\/p><p>&#8220;With a robust launch pipeline, strong balance sheet, and resilient demand, we are on track to achieve our bookings target of Rs 14,000 crore in FY24 while also achieving our highest ever deliveries and collections performance,&#8221; he added.<\/p><p>During the last fiscal, Godrej Properties sold properties worth Rs 12,232 crore.<\/p><p>Of the total sale bookings of Rs 2,254 crore in April-June, the company registered booking value of Rs 656 crore in Mumbai Metropolitan Region (MMR), Rs 548 crore in Delhi-NCR, Rs 509 crore in Bengaluru and Rs 446 crore in Pune.<\/p><p>The company has a major presence in these four markets.<\/p><div class=\"trade-content-10\" id=\"trade-185031399\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Godrej Properties, a part of business conglomerate Godrej Group, is one of the leading real estate developers in the country.<\/p><div class=\"trade-after-content\" id=\"trade-479567331\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Godrej Properties on Wednesday reported a nearly three-fold jump in consolidated net profit at Rs 124.94 crore for the first quarter of this fiscal, while sale bookings fell 11% annually in April-June period to Rs 2,254 crore. Its net profit stood at Rs 45.55 crore in the year-ago period. Total income rose to Rs 1,265.98 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":22115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,31],"tags":[],"class_list":["post-105884","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-results","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Godrej Properties Reports 3x Increase in Q1 FY24 Net Profit, Sales Bookings Down 11% - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Godrej Properties on Wednesday reported a nearly three-fold jump in consolidated net profit at Rs 124.94 crore for the first quarter of this fiscal, while sale bookings fell 11% annually in April-June period to Rs 2,254 crore.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/godrej-properties-reports-3x-increase-in-q1-fy24-net-profit-sales-bookings-down-11\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Godrej Properties Reports 3x Increase in Q1 FY24 Net Profit, Sales Bookings Down 11%\" \/>\n<meta property=\"og:description\" content=\"Godrej Properties on Wednesday reported a nearly three-fold jump in consolidated net profit at Rs 124.94 crore for the first quarter of this fiscal, while sale bookings fell 11% annually in April-June period to Rs 2,254 crore.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/godrej-properties-reports-3x-increase-in-q1-fy24-net-profit-sales-bookings-down-11\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-02T09:43:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-02T09:43:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/Godrej-Consumers-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/Godrej-Consumers-Cover-Image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/godrej-properties-reports-3x-increase-in-q1-fy24-net-profit-sales-bookings-down-11\/\",\"url\":\"https:\/\/tradebrains.in\/features\/godrej-properties-reports-3x-increase-in-q1-fy24-net-profit-sales-bookings-down-11\/\",\"name\":\"Godrej Properties Reports 3x Increase in Q1 FY24 Net Profit, Sales Bookings Down 11% - 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