Launch trajectory key for Godrej Properties to regain lost glory
Godrej Properties' management expects to cross over Rs10,000 crore of sales bookings in FY23. While this target looks achievable, given the usually low inventory with Godrej Properties, supply will be a constraint, analysts
Godrej Properties Ltd - 533150 - Disclosure Of Related Party Transactions - March 31, 2022
Dear Sir/Madam, In terms of Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the disclosure on Related Party Transactions for the half-year ended March 31, 2022. This is for your information and records. Q4FY22 Quarterly Result Announced for Godrej Properties Ltd.
Godrej Properties announced Q4FY22 results: GPL’s best ever quarter for sales - booking value stood at Rs 3,248 crore in Q4FY22, up 23% YoY and 111% QoQ Booking value grew by 17% to Rs7,861 crore in FY22 Highest ever quarterly and annual residential collections with Rs 2,678 crore residential collections in Q4 FY22 and Rs 6,907 crore in FY22 Highest ever quarterly and annual net profit of Rs 260 crore and Rs 352 crore for Q4 FY22 and FY22, respectively Consolidated overview Q4FY22: Total Income grew by 191% to Rs 1,476 crore as compared to Rs 508 crore EBITDA grew to Rs 403 crore as compared to Rs (79) crore Net Profit grew to 260 crore as compared to Rs (192) crore EPS amounted to Rs 9.37 as compared to Rs (-7.57) Consolidated overview FY22: Total Income grew by 97% to Rs 2,397 crore as compared to Rs 1,217 crore EBITDA grew by 494% to Rs 705 crore as compared to Rs 119 crore Net Profit grew to Rs 352 crore as compared to Rs (189) crore EPS amounted to Rs 12.68 as compared to Rs (7.48) Commenting on the performance of Q4 FY2022, Mr. Pirojsha Godrej, Executive Chairman, Godrej Properties Limited, said: “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 momentum in FY23.” Result PDF
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 Godrej Properties Ltd - 533150 - Statement Of Deviation(S) Or Variation(S) Under Regulation 32 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015.
Dear Sir/Madam, Please find enclosed herewith the Statement of Deviation(s) or Variation(s) under Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019, for the quarter ended March 31, 2022, duly reviewed by the Audit Committee at its meeting held on May 03, 2022. We hereby confirm that there has been no deviation or variation in the use of proceeds of funds raised through Qualified Institutional Placement. Kindly take the same on records. Godrej Properties Ltd - 533150 - Update On Godrej Properties Limited Employees Stock Grant Scheme, 2011 (GPL ESGS)
Dear Sir/ Madam, Please note that at the meeting of Nomination & Remuneration Committee ("Committee") of the Board of Directors of the Company held on May 03, 2022, the Committee granted 29,771 stock grants to the Eligible Employee(s) under GPL ESGS and noted lapse of 6,414 options on account of cessation in employment of the employees of the Company. Kindly take the same on records. Godrej Properties Ltd - 533150 - Outcome Of The Board Meeting Held On May 03, 2022
Dear Sir/Madam, The Board of Directors of the Company at its meeting held on May 03, 2022, have decided to hold the 37th Annual General Meeting of the Company on Tuesday, August 02, 2022, at 02.30 p.m. The Board of Directors has not recommended any dividend on equity shares of the Company for the financial year ended March 31, 2022. We hereby declare that the Company''s Statutory Auditors M/s. B S R & Co LLP., have issued audit reports with an unmodified opinion on the standalone and consolidated financial results for the financial year ended on March 31, 2022. We further confirm that the compliance pertaining to disclosures as required under Chapter XII of SEBI Operational Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021 has been done by virtue of the same having been filed with the stock exchanges vide our letters dated April 20, 2022. The Board meeting commenced at 11 :30 a.m. and concluded at 01:15 p.m. Kindly take the same on records. Godrej Properties Ltd - 533150 - Announcement under Regulation 30 (LODR)-Change in Management
Dear Sir/Madam, Please note that the Board of Directors of the Company has at its meeting held today i.e. May 03, 2022, based on the recommendation of the Nomination and Remuneration Committee of the Board of Directors, appointed Dr. Indu Bhushan (DIN: 09302960) as an Additional Independent Director for a period of 5 years from May 03, 2022 to May 02, 2027, subject to approval of the Members of the Company. Dr. Indu Bhushan will be a Non-Executive, Independent Director and fulfills the criteria of Independence as required under the provisions of the Companies Act, 2013 and the Rules framed thereunder and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kindly take the same on records Godrej Properties Ltd - 533150 - Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
Dear Sir/Madam, Please note that the Board of Directors of the Company has, based on recommendations of the Audit Committee at their respective meetings held on May 03, 2022, recommended the re-appointment of M/s. B S R & Co. LLP, Chartered Accountants (Firm Registration No.101248W/W-100022) as the Statutory Auditors of the Company for a second term of five consecutive years i.e. from the conclusion of37th Annual General Meeting till the conclusion of the 42nd Annual General Meeting of the Company to be held in year 2027, subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company. Kindly take the same on records.