Revenue Growth, Profitability, and Strategic Developments
Mumbai, February 04, 2025 — Godrej Properties Limited (NSE: GODREJPROP, BSE: 533150) announced its unaudited financial results for the quarter and nine months ended December 31, 2024, highlighting strong revenue growth and key strategic initiatives.
Key Financial Highlights (Standalone)
Metrics (INR Cr.)
Q3 FY25
Q2 FY25
Q3 FY24
9M FY25
9M FY24
FY24 (Audited)
Revenue from Operations
184.99
663.47
136.15
1,037.93
670.71
1,330.61
Other Income
400.42
375.16
316.46
1,762.35
848.68
1,195.00
Total Income
585.41
1,038.63
452.61
2,800.28
1,519.39
2,525.61
Profit Before Tax (PBT)
55.91
178.08
137.61
903.42
447.09
714.25
Profit After Tax (PAT)
34.85
206.30
103.36
732.47
347.46
564.35
Earnings Per Share (EPS) – Basic
1.22*
7.42*
3.72*
26.11*
12.50*
20.30
Net Worth
17,168.62
11,211.71
10,296.49
17,168.62
10,296.49
10,512.28
Note: EPS is not annualized for the quarter and nine-month periods.
Key Financial Highlights (Consolidated)
Metrics (INR Cr.)
Q3 FY25
Q2 FY25
Q3 FY24
9M FY25
9M FY24
FY24 (Audited)
Revenue from Operations
968.88
1,093.23
330.44
2,801.11
1,609.53
3,035.62
Total Income
1,239.97
1,346.54
548.31
4,285.99
2,419.40
4,334.22
Profit Before Tax (PBT)
220.26
219.25
94.66
1,155.74
399.00
999.99
Profit After Tax (PAT)
158.20
333.79
62.72
1,010.79
269.05
747.06
Net Profit Margin (%)
12.95%
24.85%
11.92%
23.56%
11.12%
17.13%
Debt-Equity Ratio (Net)
0.23
0.70
0.72
0.23
0.72
0.62
Segment-Wise Performance
Real Estate: Revenue stood at ₹938.56 Cr. in Q3 FY25, contributing significantly to total revenue.
Hospitality: Segment revenue came in at ₹30.32 Cr., indicating growth from previous quarters.
Strategic Developments
Equity Fundraising: The company raised ₹6,000 Cr. through Qualified Institutional Placement (QIP), issuing 2,31,21,387 equity shares at a face value of ₹5 each.
Employee Stock Grants: During 9M FY25, 22,015 stock grants were issued, and 20,638 shares were allotted upon exercise under the Employee Stock Grant Scheme.
Management Commentary
Pirojsha Godrej, Executive Chairperson, Godrej Properties Limited, stated: "The strong revenue growth and profitability reflect our commitment to operational excellence. With the recent capital infusion through QIP, we are well-positioned to accelerate project execution and enhance our market presence."
Strategic Outlook
Continued Expansion: The company aims to expand its presence in key urban centers, leveraging strong demand in the residential real estate sector.
Debt Optimization: Reduction in the net debt-equity ratio to 0.23x underscores financial discipline.
Focus on Deliveries: Timely project completions remain a priority to sustain growth momentum.
Investor Takeaways
Resilient Performance: Robust earnings growth and strategic capital allocation position the company well for future expansion.
Low Debt Levels: Net Debt-Equity at 0.23x indicates a strong financial position.
Consistent Profitability: Increased PAT and EPS signal continued value creation for shareholders.
Godrej Properties Limited continues to reinforce its leadership in India's real estate sector with strong fundamentals and a clear strategic vision.
