Godrej Properties Share Price In Focus on Sales Report

Godrej Properties Ltd has reported sales worth  ₹1,000 crore from its project Godrej Evergreen Square, located in Hinjewadi, Pune. The project was launched in November 2024 and has become the company’s most successful launch in Pune in terms of both value and volume of sales, as per the filing.

Project Details 

Godrej Evergreen Square has a total development potential of 2.41 million square feet, with an estimated revenue potential of  ₹2,045 crore. So far, the company has sold 1,398 residential units, covering 1.23 million square feet of area. As per the filing, the project is located in Hinjewadi, which is a residential and commercial hub in Pune. 

FIR on Chandigarh Project

Meanwhile, on February 26, the company reported that the Central Bureau of Investigation (CBI) has registered an FIR against Godrej Properties and Berkeley Realtech Ltd for alleged violations of environmental laws in a completed project in Chandigarh. The case is linked to Godrej Eternia, developed in Chandigarh’s Industrial Area, which allegedly falls within 10 km of the Sukhna Wildlife Sanctuary and the City Bird Sanctuary, violating eco-sensitive zone regulations.

Godrej Properties responded, stating it was “surprised” by the FIR and will take necessary steps to protect the interests of its customers. The CBI’s action follows a preliminary inquiry initiated in 2023 based on a complaint from an official at Punjab Raj Bhawan.

Financial Performance in Q3FY25

For the quarter ended December 2024, Godrej Properties’ net profit rose 161% year-on-year to  ₹162.64 crore. The company’s revenue from operations increased by 193% YoY to  ₹968.88 crore.

Total booking value for Q3FY25 stood at  ₹5,446 crore, from the sale of 4.07 million square feet of area. This represents a 5% growth quarter-on-quarter, but a 5% decline year-on-year.

Share Price Movement

As of 11:36 AM on February 27, 2025, Godrej Properties’ stock was trading at  ₹1,956.45, down 1.54% for the day. Over the past six months, the stock has fallen 32.40%, while the yearly decline stands at 21.52%.

Conclusion

Godrej Properties continues to see sales in its Pune project while reporting an increase in profit and revenue for the latest quarter. However, the stock has faced selling pressure, showcasing broader market trends.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.