Godrej Properties Reports 5-Fold Profit Surge in Q2 to Rs 335.21 Crore
Godrej Properties, a prominent real estate developer in India, has reported a significant 5-fold increase in its consolidated net profit for the second quarter, reaching Rs 335.21 crore. The company attributes this growth to higher revenue and a strong pe
Godrej PropertiesReal EstateProfit GrowthFinancial PerformanceIndian MarketReal EstateOct 23, 2024
Pirojsha Godrej, Executive Chairperson of Godrej Properties Ltd, commented on the robust performance of the company in the second quarter. He mentioned that the company achieved its highest-ever Q2 and H1 bookings, collections, operating cash flows, and deliveries.
Frequently Asked Questions
What was the net profit of Godrej Properties in Q2 of the current fiscal year?
Godrej Properties reported a net profit of Rs 335.21 crore in Q2 of the current fiscal year.
How much did Godrej Properties' total income increase from the same period last year?
Godrej Properties' total income more than doubled from Rs 605.11 crore in the corresponding period last year to Rs 1,346.54 crore in Q2 of the current fiscal year.
What is the bookings growth target for Godrej Properties in FY25?
Godrej Properties has set a target of Rs 27,500 crore worth of sales bookings for the current 2024-25 financial year.
What percentage increase in sales bookings did Godrej Properties achieve in H1 of the current fiscal year?
Godrej Properties achieved an 89 per cent increase in sales bookings in H1 of the current fiscal year, reaching over Rs 13,800 crore.
What does Pirojsha Godrej, Executive Chairperson of Godrej Properties, say about the future prospects of the Indian real estate market?
Pirojsha Godrej noted that the sectoral tailwinds for residential real estate in India are expected to continue over the next few years, and the company remains focused on building scale through continued market share gains and margin expansion.
Related News Articles
West Chennai Real Estate Boom: Metro Connectivity Drives Demand for High-End Homes
Discover the latest trends in West Chennai real estate market with the upcoming metro connectivity. Find out why homebuyers are shifting towards larger spaces and high-value homes.
Vonovia Reports Significant Loss in H1 2024 Amidst German Real Estate Downturn
Germany's largest real estate group, Vonovia, announced a loss of EUR 529 million for the first half of 2024, reflecting the ongoing challenges in the German property market.
Godrej Properties Expands Portfolio with Strategic Acquisitions in Ahmedabad and Navi Mumbai
Godrej Properties has bolstered its real estate portfolio with strategic land acquisitions in Ahmedabad and Navi Mumbai, reflecting its focus on high-growth areas and diverse housing needs.
Man Infraconstruction Limited Expanding Its Development Approach for Top-Class Projects in Mumbai
Man Infraconstruction Ltd., part of the MICL Group, a leading residential developer specializing in luxury real estate, is expanding its development approach to include top-class projects in Mumbai.
Mahindra Lifespace Aims for ₹8,000-10,000 Crore Bookings by FY28, Driven by Residential Pre-Sales
Mahindra Lifespace Developers' MD and CEO Amit Kumar Sinha expects the company to achieve bookings of ₹8,000-10,000 crore by 2027-28, with a strong focus on residential pre-sales. The company is also expanding its industrial parks project in Tamil Nadu wi
Provident Ecopolitan New Phase Launch: Exciting Opportunities in KIADB Aerospace Park
Discover the latest phase of Provident Ecopolitan, scheduled to launch on January 18 and 19. This prime residential project, located in the KIADB Aerospace Park, offers a mix of modern amenities and strategic location advantages.