Godrej Properties Ltd. (GPL) delivered strong financial results for the third quarter of FY25, reporting a remarkable 161% year-on-year (YoY) jump in net profit. The company’s consolidated net profit surged to ₹163 crore, compared to ₹62 crore in the same quarter last year. The company’s total income also saw a significant boost, increasing by 133% YoY to ₹1,222 crore from ₹525 crore.
Strong Revenue and Profit Growth
The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 84% YoY, reaching ₹309 crore. This growth underscores GPL’s successful project execution and consistent sales momentum, despite minor challenges in booking values.
During Q3 FY25, Godrej Properties recorded a booking value of ₹5,446 crore from the sale of 4.07 million square feet of property. Although this represented a slight 5% decline compared to the same period last year, it marked a 5% increase compared to the previous quarter. The company has already achieved 71% of its annual booking guidance for FY25.
New Projects Boost Future Potential
The company introduced four new projects during the quarter, adding approximately 5.9 million square feet of saleable area with an estimated booking value of ₹10,800 crore. Over the past nine months, Godrej Properties has launched 12 projects with a total saleable area of 16.9 million square feet, surpassing its full-year guidance of ₹20,000 crore by securing a potential booking value of ₹23,450 crore.
Pirojsha Godrej, Executive Chairperson of Godrej Properties, highlighted the company’s success, saying, “2024 was a record-breaking year for us with the highest-ever bookings, collections, and deliveries. This was our sixth consecutive quarter with over ₹5,000 crore in bookings, reflecting positive momentum in India’s residential real estate market.”
Stock Performance
Following the strong earnings report, Godrej Properties’ stock price rose by 4.3% during intraday trading, reaching ₹2,420 on the Bombay Stock Exchange (BSE).
With robust project additions, consistent sales, and a booming real estate sector, Godrej Properties continues to strengthen its market position and exceed its growth targets.
