Godrej Properties Q3 Results: Profit Surges 2.6 Times, Surpasses Business Development Guidance

Godrej Properties Ltd.'s profit surged more than 2.6 times in the quarter-ended December. The real estate developer's profit rose 161.6% year-on-year to Rs 163 crore for the October-December period, from Rs 62 crore in the corresponding quarter of the previous fiscal.

Its revenue from operations rose to Rs 969 crore, as compared with Rs 330 crore during the same quarter last year.

Godrej Properties Q3 Results Highlights (Consolidated, YoY):

• Revenue rose 2.9 times to Rs 969 crore versus Rs 330 crore.

• Ebitda stood at Rs 27.6 crore vs Ebitda loss of Rs 41.6 crore.

• Margins stood at 2.84%.

• Net profit rose 2.6 times to Rs 163 crore versus Rs 62.3 crore.

Other Key Operational Highways In Q3 FY25

• Area sold down 6% to Rs 4.07 million sq ft.

• Pre-sales down 5% to Rs 5,446 crore.

• Customer collections rose 27% to Rs 3,069 crore.

Performance Against FY25 Guidance

• Achieved 71% booking value guidance of Rs 27,000 crore.

• Achieved 67% cash collections guidance of Rs 15,000 crore.

• Achieved 79% of deliveries guidance of 15 million sq ft.

• Surpassed business development guidance of 20,000 crore at Rs 23,450 crore.

In the first nine months of fiscal 2025, GPL added 12 new projects with a total estimated saleable area of 16.9 million sq. ft. and a total estimated booking value potential of ~Rs 23,450 crore, surpassing its full-year guidance of Rs 20,000 crore.

The company also raised Rs 6,000 crore of equity for growth capital QIP in Q3FY25.

Shares of Godrej Properties were trading 1.67% higher at Rs 2,358.50 apiece on the NSE, as compared with a 1.34% rise in the benchmark Nifty 50 after the results were announced.