Godrej Properties Share Price Jumps On Posting Highest Quarterly Bookings

Shares of Godrej Properties Ltd. rose nearly 7% on Tuesday after the company posted its highest quarterly and full year bookings.

Booking value rose 7% year-on-year to Rs 10,163 crore in the quarter ended March. This was after the sales of 3,703 homes with a total area of 7.52 million sq. ft. This, according to the company, is the highest ever quarterly booking value by the real estate firm.

This is also the seventh consecutive quarter where the company has delivered over Rs 5,000 crore of booking value.

In financial year 2025, booking value rose 31% year-on-year to Rs 29,444 crore. This is the highest ever full year booking value, according to the company. Godrej Properties sold 15,302 homes with a total area of 25.73 million sq. ft., a volume growth of 29%.

Godrej Properties has achieved 109% of its annual guidance for the booking value for financial year 2025. "Our sales bookings over the last three years have compounded at an annual growth rate of 55%," added Gaurav Pandey, managing director and chief executive officer at Godrej Properties.

Shares of Godrej Properties rose as much as 6.53% to Rs 2,052.95 apiece, the highest level since April 4. It pared gains to trade 5.05% higher at Rs 2,024 apiece as of 9:41 a.m. This compares to a 1.36% advance in the NSE Nifty 50.

The stock has fallen 23.37% in the last 12 months and 28.67% year-to-date. Total traded volume so far in the day stood at 2.2 times its 30-day average. The relative strength index was at 40.

Out of 20 analysts tracking the company, 17 maintain a 'buy' rating, one recommends a 'hold' and two suggest 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 51.1%.