Godrej Properties Q2 results show an impressive five-fold increase in consolidated net profit to ₹335.21 crore for the quarter ended September, compared to ₹66.80 crore in the same period last year. The surge in profit was driven by higher income, with total revenue more than doubling to ₹1,346.54 crore.
The company’s total income rose significantly from ₹605.11 crore in the year-ago period, according to a regulatory filing. Godrej Properties has reported its highest-ever Q2 and H1 bookings, collections, operating cash flows, and deliveries, marking a robust second quarter performance.
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Pirojsha Godrej, Executive Chairperson, stated that Godrej Properties has achieved substantial growth, with a bookings increase of 56% in FY23, 84% in FY24, and 90% in H1 FY25. This growth reflects the company’s efforts to reset its scale and reach new milestones.
He emphasised that the company’s strong financial performance is evident in its cash flows, with collections growing 68% and operating cash flows increasing by 125% during the September quarter. This shows the tangible benefits of the company’s operational efficiency.
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Additionally, Godrej Properties reported an 89% jump in sales bookings to over ₹13,800 crore during April-September this fiscal year. The company has set an ambitious target of ₹27,500 crore in sales bookings for FY25, up from ₹22,527 crore in the previous year.
Pirojsha noted the continued sectoral tailwinds for residential real estate in India, which are expected to remain favourable for the coming years. Godrej Properties remains one of the country’s top real estate developers, showcasing consistent growth in the residential real estate market.
