Godrej Properties (GPL) has experienced a 20.83% decrease in its net consolidated profit for the quarter ending March 31, 2025. The profit after tax was reported at Rs 378.44 crore for Q4 FY25, compared to Rs 478.01 crore in the same quarter of the previous fiscal year, as stated in a filing with the BSE.
The company’s net consolidated total income for Q4 FY25 reached Rs 2,681.06 crore, reflecting a 40.02% increase from Rs 1,914.82 crore recorded in the corresponding quarter last year.
Pirojsha Godrej, the executive chairperson, noted that sales bookings have compounded at an annual growth rate of 55% over the past three years. The business development additions, with a future booking value of Rs 26,450 crore in FY25, will ensure a robust launch pipeline in the coming years. For FY26, the company aims to increase residential bookings to over Rs 32,500 crore by launching numerous new projects alongside strong sustained sales.
During the fiscal year ending March 31, 2025, the holding company allocated 2,31,21,387 equity shares with a face value of Rs 5 each through a qualified institutions placement (QIP), totaling Rs 6,000 crore. The booking value for the company grew by 31% year-on-year to Rs 29,444 crore in FY25, driven by the sale of 15,302 homes covering a total area of 25.73 million sq ft, marking a year-on-year volume growth of 29%. This achievement represents 109% of its annual booking value guidance for FY25.
The National Capital Region (NCR), Mumbai Metropolitan Region (MMR), and Bengaluru contributed Rs 10,523 crore, Rs 8,034 crore, and Rs 5,089 crore, respectively, to the booking value in FY25. In Q4 FY25, sales collections amounted to Rs 6,961 crore, indicating a year-on-year growth of 48%. For FY25, total sales collections reached Rs 17,047 crore, reflecting a year-on-year growth of 49%. GPL introduced 14 new projects in FY25, with an estimated saleable area of approximately 19 million sq ft and a total estimated booking value potential of Rs 26,450 crore.
