NEW DELHI: Godrej Properties has reported a growth of 11.21 per cent in its net consolidated profit during the quarter ended December 30, 2024. Its profit after tax stood at Rs 62.72 crore in Q3 FY24 as against Rs 56.40 crore it registered 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 548.31 crore in Q3 FY24, a growth of 35.53 per cent from Rs 404.58 crore it recorded in the similar quarter last year.
Pirojsha Godrej, executive chairperson of the company said, “We will significantly exceed our bookings guidance of Rs 14,000 crore for FY24 and we are confident of also delivering our best ever year in terms of cash collections and project deliveries.”
As on December 30, 2023, its net worth stood at Rs 9,522 crore, gross debt-equity ratio was 1.14, net debt-equity ratio was 0.72, current liability ratio was 0.88, total debts to total assets was 0.35, operating margin was (7.88%) and net profoit margin was 11.97%.
During the nine months ended December 31, 2023, the company has granted 36,782 new stock lo eligible employees under the Employee Stock Grant Scheme (ESGS), and allotted 18,194 equity shares upon exercise of stock grants under the Employee Stock Grant Scheme.
The board of directors, re-appointed Pirojsha Godrej as the whole time director designated as executive chairperson of the company for a further period of three years with effect from April 01, 2024.
Sales bookings grew by 76 per cent year-on-year to Rs 5,720 crore in Q3 FY24 and 59 per cent year-on-year to Rs 13,008 crore in 9M FY24. Booking value in 9M FY24 was 106 per cent of booking value for the entire FY23.
Collections and net operating cash flow grew by 43 per cent to Rs 2,411 crore and 45% to Rs 798 crore respectively in Q3 FY24.
