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.
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