Godrej Properties Share Price in Focus; Sets New Record with ₹19,281 Crore Bookings in 9M FY25

Godrej Properties Limited recently announced its unaudited financial results for the quarter and nine months ended December 31, 2024.

On February 5, 2025, Godrej Properties share price opened at ₹2,451.00, up from its previous close of ₹2,389.85. At 9:31 AM, the share price of Godrej Properties was trading at ₹2,428.10, up by 1.60% on the NSE.

Sales Highlights

In 9M FY25, the company achieved its highest-ever booking value of ₹19,281 crore, a 48% year-on-year (Y-o-Y) growth, from the sale of 18.21 million sq. ft. of area, reflecting a 54% volume growth. This marks the highest 9-month booking value and area sold by Godrej Properties and any Indian real estate developer to date.

For Q3 FY25, booking value stood at ₹5,446 crore from the sale of 4.07 million sq. ft., a 5% decline Y-o-Y but a 5% growth quarter-on-quarter. This was the sixth consecutive quarter with booking values exceeding ₹5,000 crore. The company has already achieved 71% of its annual guidance for booking value in FY25.

Notably, the Mumbai Metropolitan Region (MMR) recorded a booking value of ₹5,155 crore, a 104% Y-o-Y growth, while Bengaluru reported ₹4,807 crore, a 145% YoY growth during 9M FY25. Godrej Properties launched seven new projects and phases across four cities during the quarter.

Business Development

The company added 4 new projects in Q3 FY25 with an estimated saleable area of 5.9 million sq. ft. and an expected booking value of ₹10,800 crore. In 9M FY25, 12 new projects were added, covering a total saleable area of approximately 16.9 million sq. ft. with an estimated booking value potential of ₹23,450 crore, surpassing the full-year guidance of ₹20,000 crore.

Financial Performance

In Q3 FY25, total income surged by 133% to ₹1,222 crore, EBITDA grew by 85% to ₹280 crore, and net profit increased by 161% to ₹163 crore compared to Q3 FY24.

For 9M FY25, total income grew by 74% to ₹4,203 crore, EBITDA rose by 144% to ₹1,336 crore, and net profit jumped 301% to ₹1,018 crore compared to the same period last year.

Commenting on the performance of Q3 FY2025, the Executive Chairperson of Godrej Properties Limited, Mr Pirojsha Godrej, said, “Godrej Properties delivered a record-breaking calendar year 2024 with its highest ever bookings, collections, operating cashflows, earnings and deliveries. The third quarter of financial year 2025 was the 6th consecutive quarter of more than INR 5,000 crores in bookings underlying the sectoral tailwinds for the residential real estate sector in India.”

He further added, “With a robust launch pipeline, strong balance sheet, and resilient demand, we are on track to surpass our bookings guidance of INR 27,000 cores in FY25 while also achieving our highest-ever cash collections, deliveries, earnings and operating cash flow. We remain focused on building scale through continued market share gains and margin expansion.”

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