Godrej Properties Q4 Results: Revenue Up 49%, Expects FY26 Bookings Of Rs 32,500 Crore
Godrej Properties Ltd.'s profit was down 18.9% in the quarter ending in March. The real estate developer's profit declined 18.9% year-on-year to Rs 382 crore for the January-March period, from Rs 471 crore in the corresponding quarter in the year-ago period.
Its revenue from operations rose 49% to Rs 2,122 crore, as compared with Rs 1,427 crore during the same quarter last year.
Godrej Properties Q4 Results Highlights (Consolidated, YoY):
Revenue up 48.77% to Rs 2,122 crore versus Rs 1,427 crore
Ebitda down 10.42% to Rs 110 crore versus Rs 123 crore
Margin contracted 342 basis points to 5.18% versus 8.6%.
Net profit down 18.94% to Rs 382 crore versus Rs 471 crore
Q4FY25 Key Operational Highlights
Booking value grew 7% YoY to Rs 10,163 crore.
Sales volume down 8% YoY to 7.52 mn sq ft
Collections up 48% to Rs 6,961 crore
Operating cash flow up 55% to Rs 4,047 crore
Performance Against FY25 Guidance
Launch value stood at Rs 36,600 crore vs Rs 30,000 crore guidance.
Booking value stood at Rs 29,444 crore vs Rs 27,000 crore guidance.
Customer collections stood at Rs 17,047 crore vs Rs 15,000 crore guidance.
Deliveries stood at 18.4 mn sq ft vs 15 mn sq ft guidance.
Business Development stood at Rs 26,450 crore vs 20,000 crore guidance.
The company exceeded launch guidance by 22%, booking value guidance by 9%, collections guidance by 14%, delivery guidance by 23% and business development guidance by 32% in FY25.
FY26 Guidance
Expect launches worth Rs 40,000 crore vs Rs 36,600 crore.
Booking value expected of Rs 32,500 crore vs Rs 29,444 crore
Customer collections expected of Rs 21,000 crore vs Rs 17,047 crore
Deliveries expected of 10 mn sq ft vs 18.4 mn sq ft
Business development is expected at 20,000 crore vs Rs 26,450 crore.
Shares of Godrej Properties were trading 1% higher at Rs 2,183.60 apiece on the NSE, as compared with a 0.2% fall in the benchmark Nifty 50 after the results were announced.
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