Net profit of Godrej Properties rose 401.81% to Rs 335.21 crore in the quarter ended September 2024 as against Rs 66.80 crore during the previous quarter ended September 2023. Sales rose 218.73% to Rs 1093.23 crore in the quarter ended September 2024 as against Rs 343.00 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1093.23343.00 219 OPM %2.63-27.78 - PBDT237.51118.81 100 PBT219.25111.42 97 NP335.2166.80 402 Powered by Capital Market - Live

Revenue from operations zoomed to Rs 1,093.23 crore in the quarter ended 30 September 2024 as compared to Rs 343 crore reported in the corresponding quarter previous year. Profit before tax stood at Rs 219.25 crore in Q2 FY25, registering a growth of 96.77% from Rs 111.42 crore recorded in Q2 FY24. EBITDA grew by 68.86% to Rs 282 crore in the quarter ended 30 September 2024 as compared to Rs 167 crore posted in the same period a year ago. The company reported a collection of Rs 4,005 crore for Q2 FY25, reflecting a year-on-year growth of 68%. The company has achieved its highest booking value in Q2 FY25, with a YoY increase of 3% to Rs 5,198 crore from the sale of 5.15 million square feet (sq. ft.) of area. GPL has achieved 51% of its annual guidance for booking value for FY25. The company had launched seven new projects and phases during the quarter across four cities. GPL has added 10 new projects in year-to-date FY25 with a total estimated saleable area of approximately 13.9 million sq. ft. and total estimated booking value potential of around Rs 17,450 crore. This included 6 new projects with an expected booking value of Rs 9,650 crore in Q2 and 2 new projects with an expected booking value of Rs 4,800 crores post-Q2. GPL has achieved 87% of its annual guidance for business development, the company stated in exchange filing. On half year basis the company's consolidated net profit zoomed to Rs 855.26 crore in H1 FY25 as against Rs 191.74 crore posted in H1 FY24. The company's revenue from operation jumped 43.24% YoY to Rs 1,832.23 crore in H1 FY25. Pirojsha Godrej, executive chairperson, Godrej Properties, said, 'Godrej Properties delivered a robust quarter with its highest ever Q2 and H1 bookings, collections, operating cashflows, and deliveries. With bookings growth of 56% in FY23, 84% in FY24 and 90% in H1 FY25, GPL has reset its scale. The benefit of this is clearly visible in our cash flows with collections growth of 68% and operating cash flow growth of 125% in Q2. With a robust launch pipeline, strong balance sheet, and resilient demand, we are on-track to significantly surpass our bookings target of Rs 27,000 crore in FY25 while also achieving our highest ever deliveries and collections. The sectoral tailwinds for the residential real estate sector in India will continue over the next few years and we remain focused on building scale through continued market share gains and margin expansion.' Godrej Properties is the real estate arm of the Godrej Group. It is subsidiary of Godrej Industries, which holds 58.48% of the company's equity shares as on 30 September 2024. The company currently operates in various cities and focuses on residential, commercial, and township development. Powered by Capital Market - Live

The development on this land is estimated to have a potential of ~0.9 million square feet of saleable area comprising primarily of premium residential apartments of various configurations with an estimated booking value of nearly Rs 1,300 crore. This land parcel is strategically located in Vastrapur, a premium residential locality in West Ahmedabad offering good social infrastructure and excellent connectivity to key areas of the city. Gaurav Pandey, MD & CEO, Godrej Properties said: 'We are happy to add our second project in Ahmedabad. This will further strengthen our presence in Ahmedabad and complement our strategy of deepening our presence in key micro-markets across India's leading cities.' Godrej Properties is the real estate arm of the Godrej Group. It is subsidiary of Godrej Industries, which holds 58.48% of the company's equity shares as on 30 June 2024. The company currently operates in various cities and focuses on residential, commercial, and township development. The company reported its highest ever consolidated net profit of Rs 520.05 crore in Q1 FY25, steeply higher than Rs 124.94 crore posted in Q1 FY24. Revenue from operations declined 21.05% year on year to Rs 739 crore in Q1 FY25 from Rs 936.09 crore recorded in the same period a year ago. Powered by Capital Market - Live

Godrej Properties announced that it has acquired ~3 acres of land in Vastrapur, Ahmedabad. The development on this land is estimated to have a potential of ~0.9 million square feet of saleable area comprising primarily of premium residential apartments of various configurations with an estimated booking value of Rs 1,300 crore. This acquisition is in line with GPL's strategy of developing high-quality residential projects across India's leading real estate markets. This land parcel is strategically located in Vastrapur, a premium residential locality in West Ahmedabad offering good social infrastructure and excellent connectivity to key areas of the city. The area is wellserved by top schools and healthcare facilities. Renowned landmarks, including IIM Ahmedabad, Vastrapur Lake Garden, Sabarmati Riverfront Project, and Nexus Ahmedabad One Mall, further enhance its appeal. Additionally, Vastrapur's proximity to business hubs like Navratna Business Park and Pinnacle Business Park makes it a prime location for residents seeking convenience, modern living, and accessibility. Powered by Capital Market - Live

The benchmark indices traded with modest losses in mid-morning trade. The Nifty traded near the 24,950 mark after hitting day's high of 25,093.40 in morning trade. Auto shares extended loss for the second consecutive trading session. At 11:30 IST, the barometer index, the S&P BSE Sensex, declined 342 points or 0.42% to 81,478.12. The Nifty 50 index lost 104.50 points or 0.42% to 24,952.85. In the broader market, the S&P BSE Mid-Cap index fell 0.40% and the S&P BSE Small-Cap index lost 0.28%. The market breadth was negative. On the BSE, 1,844 shares rose and 1,877 shares fell. A total of 143 shares were unchanged. IPO Update: The initial public offer (IPO) of Hyundai Motor India received bids for 2,18,65,193 shares as against 9,97,69,810 shares on offer, according to stock exchange data at 11:15 IST on Wednesday (16 October 2024). The issue was subscribed 0.22 times. The issue opened for bidding on Tuesday (15 October 2024) and it will close on Thursday (17 October 2024). The price band of the IPO is fixed between Rs 1,865 to Rs 1,960 per share. An investor can bid for a minimum of 7 equity shares and in multiples thereof. Buzzing Index: The Nifty Auto index fell 1.66% to 25,807.15. The index declined 2.48% in the two trading sessions. Mahindra & Mahindra (down 2.41%), Samvardhana Motherson International (down 1.87%), Eicher Motors (down 1.5%), Hero MotoCorp (down 1.45%), Exide Industries (down 1.43%), Maruti Suzuki India (down 1.2%), Ashok Leyland (down 1.07%), Bosch (down 1%), TVS Motor Company (down 0.94%) and Tata Motors (down 0.84%) edged lower. Stocks in Spotlight : Godrej Properties added 1.42% after the company said that it has emerged as the highest bidder to develop a group housing project at a premium location in Sector 5-A, Kharghar, according to e-auction portal of City and Industrial Development Corporation of Maharashtra (CIDCO). G R Infraprojects gained 1.40% after the company informed that it has received Letter of Acceptance (LoA) from Maharashtra State Road Development Corporation aggregating to Rs 1,885.63 crore. Global Markets: Most Asian stocks traded higher on Wednesday, primarily due to a weak outlook from ASML, a leading chipmaker. Cooling optimism about Chinese stimulus measures also contributed to the market's downturn. Regional markets followed Wall Street's lead, where a drop in chipmaking stocks pulled U.S. benchmarks from record highs. At the close in NYSE, the Dow Jones Industrial Average lost 0.75%, while the S&P 500 index fell 0.76%, and the NASDAQ Composite index lost 0.98%. ASML, a major supplier of chipmaking equipment, provided disappointing sales guidance for 2025, citing softer demand in non-AI sectors. Its U.S. shares plummeted 16% overnight. NVIDIA, a market darling, fell 4.5%, while AMD and Intel declined by 5.2% and 3.3%, respectively. All three stocks stabilized after the market closed. Powered by Capital Market - Live

Godrej Properties announced that it has emerged as the highest bidder to develop a group housing project at a premium location in Sector 5-A, Kharghar according to e-auction portal of City and Industrial Development Corporation of Maharashtra (CIDCO). The plots, measuring 6.54 acres, will offer a development potential of ~ 2 million square feet, comprising premium residential apartments of varied configurations, with an estimated combined revenue potential of ~ Rs 3,500 crore. Sector 5-A, Kharghar, enjoys excellent connectivity with key transport hubs, including Kharghar & CBD Belapur Railway Stations, metro connectivity as well as the Sion-Panvel Expressway. The area is in proximity to Kharghar residential node and boasts of a well-developed social infrastructure with healthcare facilities and educational institutions. This development will enjoy excellent views of the Kharghar hills.Powered by Capital Market - Live

Godrej Properties will hold a meeting of the Board of Directors of the Company on 23 October 2024.Powered by Capital Market - Live

The Board of Godrej Properties at its meeting held on 01 October 2024 has approved raising of funds for an aggregate amount not exceeding Rs. 6,000 crore by way of issuance of equity shares, fully convertible debentures, partly convertible debentures, non-convertible debentures (with or without warrants), preference shares convertible into equity shares, eligible securities and/or any other security convertible into equity shares or any combination thereof, in one or more tranches through public and/or private offerings including qualified institutions placement, rights issue, further public offer or any other mode. Powered by Capital Market - Live

Godrej Properties will hold a meeting of the Board of Directors of the Company on 1 October 2024.Powered by Capital Market - Live

The Board of Godrej Properties will meet on 01 October 2024 to discuss and consider the proposal to raise funds by way of issue of equity shares, or any other eligible securities and/ or instruments, through public and/ or private offerings including qualified institutions placements, preferential issue, rights issue, further public offer or any other permissible method. Powered by Capital Market - Live