Godrej Properties Ltd - 533150 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Dear Sir/Madam, Please find enclosed a copy of the press release the contents of which are self-explanatory. Please inform your members accordingly. Thank you.
Godrej Properties buys 27 acre land in Delhi for Rs 1,359cr
"With the land acquisition value at Rs 1,359 crore, this is one of the largest land transactions in India in recent times," Godrej Properties said. Godrej Properties Ltd - 533150 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Dear Sir/Madam, Please find enclosed a copy of the press release the contents of which are self-explanatory. Please inform your members accordingly. Thank you. Last 2 record years for Godrej Properties: Godrej
Adi Godrej, Chairman, Godrej Industries, says the last two years have been record years for Godrej Properties. The chemical business is doing well while the consumer company is under a little pressure as people's purchasing power has come down.
Godrej Properties to challenge NGT order quashing green nod for housing project in Bengaluru
The National Green Tribunal (NGT) quashed the environmental clearance (EC) granted to a high-rise residential project being built by Godrej in Bengaluru for raising construction in the buffer zone of Kaikondrahalli lake. Godrej Properties Ltd - 533150 - Announcement under Regulation 30 (LODR)-Acquisition
Dear Sir/Madam, Please note that the Company has acquired 20% issued and paid-up share capital of Vivrut Developers Private Limited (VDPL). Consequent to the said acquisition, VDPL has become an associate of the Company. We enclose herewith the details required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 in Annexure to this letter. You are requested to take the above on record. Thank You. Godrej Properties Earnings Call Transcript - Q3FY20
Full transcript of the earnings call/conference call with the Investors/ Analysts held on Tuesday, February 04, 2020. Opening Remarks by Management In the third quarter, our total revenue increased by4% to Rs. 491 crore. Our adjusted EBITDA increased by 22% to Rs. 177 crore, and net profit increased by 9% to Rs. 45 crore. For the 9 months of the financial year, our total revenue decreased by 21% to Rs. 1,569 crore. Our adjusted EBITDA increased by 11 % to Rs. 582 crore and our net profit increased by 72% to Rs. 166 crore. In terms of access to capital, while leading developers are in a relatively comfortable position, liquidity continues to remain severely constrained for the rest of the industry. We believe this is an opportune time for developers like us to maximize the opportunity to gain market share. With this in mind, we saw goad progress during the quarter on the business development front. We added 4 new residentid projects with a salable area of approximately 13 million square feet. This included 3 projects in the Mumbai metropolitan region micro market of Navi Mumbai, Arnbemath and Thane, and 1 new project in north Bangalore. Given the current business devetopment pipeline with a large number of deals at an advanced stage of discussion, we expect to have several additional positive new project announcements in the coming weeks. It has been a reasonably good quarter operationally with collections of Rs. 1,131 crore and net operating cash flow of Rs. 244 crore for the quarter. We expect this trend to continue going ahead as many of our newly launched projects start generating collection. The total value of bookings in the third quarter stood at Rs. 1,189 crore. During the quarter, we launched Godrej Nest in Mumbai and sold approximately 170,000 square feet with a booking value of Rs. 221 crore. While our overall sales number was moderate due to several launches getting delayed due to regulatory approval, we saw a strong uptick in sustenance sales during the quarter. For the 9 months of financial year '20, despite challenging market conditions, we've managed to sell about 5.2 million square feet, worth about Rs. 3,500 crore, which represents a year-on-year growth in booking value of 12%. With a strong launch pipeline for the current quarter, we hope to close the financial year on a very strong note. We also successfully delivered approximately 1.7 million square feet across all projects in 3 cities during the third quarter. In the second half of 2019, the Indian economy saw a sharp slowdown with nominal GDP sllpping to its lowest levels in nearly 2 decades, resulting in extremely weak consumer sentiment. While we believe the current weakness in the sector will persist for a few quarters, we remain extremely optimistic about the medium-term prospect of the sector, especially considering the residential real estate affordability is now the best it has been in almost 2 decades. click pdf to read full transcript
Godrej Properties rallies as debt falls
Godrej Properties also contained expenses as there were hardly any launches during the quarter and therefore outflows towards project-linked approvals were also lower.The focus was on completion of existing projects Godrej Properties Ltd - 533150 - Statement Of Deviation(S) Or Variation(S) Under Regulation 32 Of The Securities And Exchange Board Of India (Listing Obligation 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 Obligation and Disclosure Requirements) Regulations, 2015 for the quarter ended December 31, 2019, duly reviewed by the Audit Committee at its meeting held on February 03, 2020. Kindly take the same on records. Thank you. Godrej Properties Ltd - 533150 - Announcement under Regulation 30 (LODR)-Investor Presentation
Dear Sir/Madam, Please find enclosed the Investors' Presentation and the Press Release on the financial results for the quarter ended December 31, 2019. This is for your information and records. Thank you.