Godrej Properties Ltd

Godrej Properties announced that the 40th Annual General Meeting(AGM) of the company will be held on 1 August 2025.Powered by Capital Market - Live

EBITDA declined by 2% to Rs 634 crore in the fourth quarter from Rs 649 crore posted in the same period last year. For FY25, Godrej Properties has reported net profit of Rs 1,400 crore (up 93% YoY) and total income of Rs 6,848 crore (up 57% YoY). The company said it remained India's largest residential real estate developer by both booking value and volume. Booking value grew by 29% to Rs 29,444 crore in FY25, compared to Rs 22,527 crore in FY24. Pirojsha Godrej, executive chairperson, Godrej Properties, said: 'Godrej Properties delivered a record-breaking financial year 2025 with its highest ever bookings, collections, operating cashflows, earnings and deliveries as well as a strong year for business development. It is the 8th consecutive year of booking value growth for the company indicating the resilience of the company to grow through various macroeconomic cycles. Our sales bookings over the last 3 years have compounded at an annual growth rate of 55%. Through this, GPL has completely reset the scale of its operations and for the second consecutive year is the largest real estate developer in India by booking value. The residential real estate sector in India has been strong over the past few years and we believe the sectoral tailwinds will continue over the next few years. Our business development additions with a future booking value of Rs 26,450 crore in FY25 will ensure that we continue to have a strong launch pipeline in the years ahead. Furthermore, the equity capital of Rs 6,000 crore we raised through a QIP in December 2024 combined with the record operating cash flow of Rs 7,484 crore we generated in FY25 will enable us to continue to invest for growth. In FY26, we plan to grow residential bookings to over Rs 32,500 crore through the launch of a large number of exciting new projects combined with strong sustenance sales. This combined with strong construction progress will allow us to maintain rapid growth in operating cash flows as well. With a robust launch pipeline, strong balance sheet, and sectoral tailwinds, we are confident of continuing the momentum in FY26.' Godrej Properties is a leading national real estate developer. It is a real estate arm of Godrej Group. The company currently operates in various cities and focuses on residential, commercial, and township development. Powered by Capital Market - Live

The Board of Godrej Properties at its meeting held on 02 May 2025 has approved raising of funds, by issue of Non-Convertible Debentures, Bonds and/ or other Debt Securities on a private placement basis, in one or more tranches, for an amount not exceeding Rs. 2,000 crore. Powered by Capital Market - Live

The board of Godrej Properties at its meeting held on 02 May 2024 has not recommended any dividend on equity shares of the company for the financial year 31 March 2025. Powered by Capital Market - Live

Net profit of Godrej Properties declined 18.94% to Rs 381.99 crore in the quarter ended March 2025 as against Rs 471.26 crore during the previous quarter ended March 2024. Sales rose 48.78% to Rs 2121.73 crore in the quarter ended March 2025 as against Rs 1426.09 crore during the previous quarter ended March 2024. For the full year,net profit rose 93.02% to Rs 1399.89 crore in the year ended March 2025 as against Rs 725.27 crore during the previous year ended March 2024. Sales rose 62.17% to Rs 4922.84 crore in the year ended March 2025 as against Rs 3035.62 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales2121.731426.09 49 4922.843035.62 62 OPM %3.528.61 --1.51-4.27 - PBDT587.95617.07 -5 1796.281044.55 72 PBT566.88600.99 -6 1722.62999.99 72 NP381.99471.26 -19 1399.89725.27 93 Powered by Capital Market - Live

Godrej Properties has granted 24,829 stock options under GPL ESGS. Each stock option entitles the holder to apply for 1 (one) equity share of the Company of face value of Rs 5 (Rupee Five Only) each. Powered by Capital Market - Live

Godrej Properties will hold a meeting of the Board of Directors of the Company on 2 May 2025.Powered by Capital Market - Live

The said growth was achieved through the sale of 3,703 homes with a total area of 7.52 million square feet. Sales in Q4 FY25 were driven by strong demand in several key new project launches including Godrej Riverine in Noida, which achieved a booking value of over Rs 2,000 crore, Godrej Astra in Gurugram, which achieved a booking value of over Rs 1,000 crore, and Godrej Madison Avenue, in Hyderabad, which achieved a booking value of over Rs 1,000 crore. In FY25, the realtor's booking value jumped 31% YoY to Rs 29,444 crore. The said growth was achieved through the sale of 15,302 homes with a total area of 25.73 million sq. ft., a YoY volume growth of 29%. NCR, MMR & Bengaluru contributed more than Rs 10,500 crore, Rs 8,000 crore and Rs 5,000 crore respectively to the booking value in FY25. The company has achieved 109% of its annual guidance for booking value for FY25. Gaurav Pandey, MD & CEO, Godrej Properties, said, 'We are delighted to have crossed INR 10,000 crore in sales bookings for the first time in Q4FY25. Our sales bookings over the last 3 years have compounded at an annual growth rate of 55%. Our business development additions with a future booking value of Rs 26,450 crore in FY25 will ensure that we continue to have a strong launch pipeline in the years ahead. Furthermore, the equity capital of Rs 6,000 crore we raised through a QIP in December 2024 combined with the record operating cash flow we generated in FY25 will enable us to continue to invest for growth.' Godrej Properties is a leading national real estate developer. It is a real estate arm of Godrej Group. The company currently operates in various cities and focuses on residential, commercial, and township development. The company's consolidated net profit surged 161.2% to Rs 162.64 crore in Q3 FY25 as compared with Rs 62.27 crore in Q3 FY24. Net sales soared 193.2% to Rs 968.88 crore in Q3 FY25 as against 330.44 crore in Q3 FY24. Powered by Capital Market - Live

The key equity indices traded with significant losses in the morning trade, mirroring a global market rout driven by escalating trade tensions and mounting recession fears in the United States. The Nifty dropped below the 21,950 mark. Metal shares extended losses for the third consecutive trading session. At 10:30 IST, the barometer index, the S&P BSE Sensex, slumped 2,932.17 points or 3.86% to 72,461.11. The Nifty 50 index tanked 958.70 points or 4.19% to 21,945.75. In the broader market, the S&P BSE Mid-Cap index dropped 4.77% and the S&P BSE Small-Cap index tumbled 6.28%. The market breadth was weak. On the BSE, 306 shares rose and 3,415 shares fell. A total of 145 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, climbed 56.10% to 21.47. Economy: India's foreign exchange (forex) reserves jumped $6.596 billion to $665.396 billion during the week ended March 28, according to the latest data from the RBI. For the week ended March 28, foreign currency assets, a major component of the reserves, increased by $6.158 billion to $565.014 billion, the RBI data released on Friday showed. Gold reserves increased by $519 million to $77.793 billion during the week ended March 28. The special drawing rights (SDRs) were down by $65 million to $18.176 billion, the RBI said. India's reserve position with the IMF was also down by $16 million at $4.413 billion in the reporting week, the apex bank data showed. Buzzing Index: The Nifty Metal index tanked 7.93% to 7,747.20. The index plummeted 14.67% in three consecutive trading sessions. Lloyds Metals & Energy (down 13.76%), Tata Steel (down 9.27%), Hindustan Copper (down 9.19%), National Aluminium Company (down 9.04%), Steel Authority of India (down 7.34%), Vedanta (down 7.32%), JSW Steel (down 6.79%), Hindalco Industries (down 6.48%), NMDC (down 6.47%) and Hindustan Zinc (down 6.23%) declined. Stocks in Spotlight: Godrej Properties dropped 6.86%. The company has entered into an agreement for development of a prime land parcel in Versova, Mumbai. This project is estimated to have a developable potential of approximately 4.4 lakh square feet of saleable area, with an estimated revenue potential of nearly Rs 1,350 crore. Bajel Projects lost 7.09%. The company's board of directors has appointed Nitesh Bhandari as chief financial officer (CFO) & joint president of the company, effective from 1 May 2025. KSB fell 5.28%. The company has received letter of award for a solar water project worth Rs 14 crore from Tripura Renewable Energy Development Agency. It secured another letter of award for a solar water project worth Rs 49 crore from Maharashtra State Electricity Distribution. Powered by Capital Market - Live

This project is estimated to have a developable potential of approximately 4.4 lakh square feet of saleable area, comprising primarily of premium residential development of various configurations, with an estimated revenue potential of nearly Rs 1,350 crore. Versova remains a highly desirable location in the Western suburbs, offering good connectivity via the Versova Metro, Western Express Highway, and Link Road. The proposed 'Bandra-Versova Sealink' (BVSL) will further enhance connectivity to Bandra and South Mumbai. Its robust social infrastructure includes top schools, hospitals, and entertainment hubs. Proximity to business districts and ongoing infrastructure development further enhance the area's appeal for homebuyers. Gaurav Pandey, MD & CEO, Godrej Properties, said: 'This is our first land acquisition in Versova and reflects our confidence in the area's potential. It further strengthens our presence in Mumbai and aligns with our growth strategy, which focuses on delivering high-quality developments in high-demand micro-markets.' Godrej Properties is the real estate arm of the Godrej Group. It is a subsidiary of Godrej Industries, which holds 44.77% of the company's equity shares as of 31 December 2024. The company currently operates in various cities and focuses on residential, commercial, and township development. On a consolidated basis, the real estate major's net profit surged 161% to Rs 163 crore while total income jumped 133% to Rs 1,222 crore in Q3 December 2024 over Q3 December 2023. The scrip had declined 3.86% to end at Rs 2069.45 on the BSE on Friday. Powered by Capital Market - Live