Godrej Properties (GPL) has reported net consolidated profit after tax of Rs 333.79 crore in the second quarter of the financial year 2024-25. It had registered profit after tax of Rs 72.54 crore in the corresponding quarter of the previous fiscal, the company said in a BSE filing.
The company’s net consolidated total income stood at Rs 1,346.54 crore in Q2 FY25, a growth of 122.53 per cent from Rs 605.11 crore it recorded in the similar quarter last year.
Pirojsha Godrej, executive chairperson of the company said, “With bookings growth of 56% in FY23, 84% in FY24 and 90% in H1 FY25, GPL has reset its scale. The benefit of this is clearly visible in our cash flows with collections growth of 68% and operating cash flow growth of 125% in Q2.”As on September 30, 2024, its net worth stood at Rs 10,849.56 crore, debt-equity ratio (gross) was 1.25, current liablity ratio was 0.87, total debts to total assets was 0.32, operating margin was 7.24% and net profit margin was 24.85%.
During the half year ended September 30, 2024, the holding company has granted 22,015 new stock grants to eligible employees, and 20,638 equtty shares were allotted upon the exercise of stock grants under the employee stock grant scheme.
Booking value in Q2 FY25 grew 3% year-on-year to Rs 5,198 crore from sale the of 5.15 million sq ft of area. The company has achieved 51% of its annual guidance for booking value for FY25. Collection stood at Rs 4,005 crore for Q2 FY25, recording a year-on-year growth of 68% and Rs 7,017 crore for H1 FY25, registering a year-on-year growth of 62%.
