- Godrej Properties' Q4 profit surged 70.2% to Rs 650 crore from Rs 382 crore
- Consolidated revenue rose 63% quarter-on-quarter to Rs 3,458 crore in Q4
- Ebitda increased to Rs 522 crore with margin expanding to 15.1% from 5.2%
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 Q4 Results: Key Highlights (Cons, YoY)
- Revenue up 63% at Rs 3,458 crore versus Rs 2,122 crore.
- Ebitda rose to Rs 522 crore versus Rs 110 crore.
- Ebitda margin at 15.1% versus 5.2%.
- Net profit surges 70.2% at Rs 650 crore versus Rs 382 crore.
- Other income at Rs 348.5 crore versus Rs 559 crore.
Management expects fiscal 2027 customer collections at Rs 24,000 crore. It also sees delivery of 13.5 million square feet in fiscal 2027. The management expects fiscal 2027 booking value at Rs 39,000 crore and fiscal 2027 launch value at Rs 48,000 crore.
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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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