New Launch4 Oct 2024, 11:44 pm
Godrej Properties Achieves Record-Breaking Q2 and H1 Performance in FY25
AI Summary
Godrej Properties Limited (GPL) has reported its highest ever Q2 and H1 performance on several critical operational parameters including bookings, collections, operating cash flow, and new business development. The Mumbai-based real estate developer achieved a Q2 booking value of nearly INR 5,200 crore and an H1 booking value of over INR 13,800 crore, marking growth of 3% YoY and 89% YoY respectively. GPL has also achieved 51% of its annual guidance for booking value for FY25 and 47% of its annual guidance for collections for FY25. The company added 8 new projects in year-to-date FY25 with a total estimated saleable area of approximately 11 million sq. ft. and total estimated booking value potential of ~INR 12,650 Crore.
Key Highlights
- Q2 FY25 booking value grew 3% YoY to nearly INR 5,200 crore
- H1 FY25 booking value grew over 89% YoY to over INR 13,800 crore
- Q2 FY25 collections stood at over INR 4,000 Crore representing a YoY growth of 68%
- GPL added 8 new projects in year-to-date FY25 with a total estimated saleable area of approximately 11 million sq. ft.
- GPL has achieved 51% of its annual guidance for booking value for FY25 and 47% of its annual guidance for collections for FY25