Godrej Properties on Monday has announced its highest ever dividend since its listing of Rs 10 per equity share for the fiscal 2026. The company announced distribution of nearly Rs 301.20 crore to shareholders. This is the first dividend since 2015.
The record date for ascertaining entitlement of final dividend for fiscal 2026 has been set at July 28. According to the exchange filing the final dividend is subject to approval of the Members of the company at the ensuing annual general meeting. The dividend will be paid to eligible shareholders before Sept. 3, 2026.
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The company on July 27, 2015 had given a final dividend of Rs 2 per share.
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Godrej Properties Q4 Result
Godrej Properties Ltd.'s profit surges 70.2% at Rs 650 crore in the fourth quarter of the previous fiscal. This is in comparison to profit of Rs 382 crore in the previous quarter, according to its stock exchange notification on Monday.
Consolidate revenue of the realty firm advanced by 63% quarter-on-quarter for the three months ended March, reaching Rs 3,458 crore in comparison to Rs 2,122 crore. Operating income, or earnings before interest and taxes rose to Rs 522 crore. The margin expanded to 15.1% from the earlier 5.2% in the previous quarter.
Godrej Properties Share Price Today
The scrip rose as much as 6.36% to Rs 1,951 apiece on Monday, highest level since Jan. 13. It pared gains to trade 2.63% higher at Rs 1,883.40 apiece, as of 1:02 p.m. This compares to a 0.42% advance in the NSE Nifty 50 Index
It has fallen 16.66% in the last 12 months and 6.46% year-to-date. Total traded volume so far in the day stood at 1.86 times its 30-day average. The relative strength index was at 56.66.
Out of 23 analysts tracking the company 19 maintain a 'buy' rating, two maintain a 'hold' rating and two have a 'sell' rating, according to Bloomberg data. The average 12-month consensus price target stands at Rs 2,253 indicating an upside of 19.7%.
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