Godrej Properties Ltd on Tuesday released its fiscal third quarter earnings report with profit at Rs 162.64 crore. The Q3 profit surged 161.19 per cent in comparison to Rs 62.27 crore during the corresponding quarter of previous financial year. It reported revenue from operations for the quarter in review at Rs 968.88 crore, up 193.21 per cent as against Rs 330.44 crore during the same period of FY24. The company EBITDA came in at Rs 27.6 crore vs EBITDA loss of Rs 41.5 crore YoY. Godrej Properties delivered its highest ever bookings, collections, operating cash flow, earnings, and deliveries in a calendar year in 2024, the company said in a statement.
Total booking value in Q3FY25 came in at Rs 5,446 crore from the sale of 4.07 million sqft of area, down 5 per cent year-on-year and posting a growth of 5 per cent quarter-on-quarter. This is the 6th consecutive quarter in which GPL has delivered more than Rs 5,000 crore of booking value.
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For 9MFY25, Godrej Properties posted a booking value of Rs 19,281 crore, up 48 per cent from the sale of 18.21 million sqft of area, a volume growth of 54 per cent. This, it said, is the highest ever 9M booking value and area sold by Godrej Properties.
The company said that it has already 71 per cent of its annual guidance for booking value for FY25.
Godrej Properties has added 4 new projects with an estimated saleable area of 5.9 million sqft and expected booking value of Rs 10,800 crore in Q3FY25. In 9MFY25, GPL added 12 new projects with a total estimated saleable area of approximately 16.9 million sqft and total estimated booking value potential of around Rs 23,450 crore and have thereby surpassed the full year guidance of Rs 20,000 crore.
Pirojsha Godrej, Executive Chairperson, Godrej Properties Limited, said, “Godrej Properties delivered a record-breaking calendar year 2024 with its highest ever bookings, collections, operating cashflows, earnings and deliveries. The third quarter of financial year 2025 was the 6th consecutive quarter of more than Rs 5,000 crore bookings underlying the sectoral tailwinds for the residential real estate sector in India. With a robust launch pipeline, strong balance sheet, and resilient demand,
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