Q1FY24 Quarterly Result Announced for Godrej Properties Ltd.
Realty company Godrej Properties announced Q1FY24 results: Total income grew by 251% to Rs 1,315 crore and net profit grew by 174% to Rs 125 crore. Bookings declined by 11% to 2,254 crore with 2.25 million sq. ft. of area sold during Q1FY24. Added 4 new projects with a total estimated booking value of ~Rs 6,450 Crore in April-July 2023 Projects aggregating ~4.9 million sq. ft. delivered in Q1FY24 EBITDA grew by 98% to Rs 230 crore as compared to Rs 116 crore Net profit grew by 174% to Rs 125 crore as compared to Rs 46 crore EPS amounted to Rs 4.59 as compared to Rs 1.64 Commenting on the performance of Q1FY24, Pirojsha Godrej, Executive Chairperson, Godrej Properties, said: “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 Q1FY24. 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.” Result PDF02-08-2023
