Godrej Properties posted a net profit of Rs. 158.20 crore in Q3 FY25, marking a 152.23% rise from Rs. 62.72 crore in the corresponding quarter last year. The company’s net consolidated total income surged 126.41% year-on-year to Rs. 1,239.97 crore, compared to Rs. 548.31 crore in Q3 FY24, according to its BSE filing.
The company recorded its sixth consecutive quarter of over Rs. 5,000 crore in bookings, supported by strong residential real estate demand. It remains on track to exceed its FY25 bookings guidance of Rs. 27,000 crore, while also achieving its highest-ever cash collections, deliveries, earnings, and operating cash flow.
During the quarter and the nine months ending December 31, 2024, Godrej Properties raised Rs. 6,000 crore through a Qualified Institutions Placement (QIP), allotting 23.12 million equity shares. As of December 31, 2024, its net worth stood at Rs. 16,934.26 crore, with a gross debt-equity ratio of 0.88. The company’s operating margin was reported at 5.76%, while the net profit margin stood at 12.95%.
Booking value rose by 69% year-on-year to Rs. 28,800 crores, driven by the sale of 26.38 million sq ft, representing a 54% volume growth. Collections reached Rs. 14,779 crore, reflecting a 40% increase, while operating cash flow surged 52% year-on-year to Rs. 6,043 crore.
Godrej Properties delivered projects spanning 18 million sq ft across seven cities during the quarter and added 16 new projects with an estimated saleable area of 29.1 million sq ft and an expected booking value of ?36,250 crore. The company also raised ?6,000 crore of equity for growth capital through QIP in Q3 FY25.