Godrej Properties has reported a growth of 87.60 per cent in its net consolidated profit during the quarter ended September 30, 2022. Its profit after tax (PAT) stood at Rs 67.03 crore in Q2 FY23 as against Rs 35.73 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.
The company’s net consolidated income stood at Rs 369.20 crore in Q2 FY23, a growth of 10.47 per cent from Rs 334.22 crore it recorded in the similar quarter last year.
Pirojsha Godrej, executive chairman of the company said, “At the halfway mark of the financial year, we are confident of achieving our booking value guidance of Rs 10,000 crore for FY23.”
During the half year ended September 30, 2022, the company has granted 30,869 new stock to eligible employees under the Employee Stock Grant Scheme (ESGS). Further, during the half year ended September 30, 2022, the company has allotted 32,897 equity shares upon exercise of stock grants under the Employee Stock Grant Scheme.
As on September 30, 2022. the company’s net worth was Rs 8,777.87 crore, its debt-equity ratio (gross) was 0.81, total debts to total assets was 0.28, operating margin was -38.77% and net profit margin was 20.50%, it said in the regulatory filing.
The company witnessed total booking value of Rs 2,409 crore and total booking volume of 2.71 million sq ft in Q2 FY23.
During the April-September 2022, the sales bookings rose 60 per cent to Rs 4,929 crore from Rs 3,072 crore in the corresponding period of the previous year.
