Godrej Properties Q3: Net profit jumps 161% to ₹163 crore, revenue up 193%

Real estate major Godrej Properties on Tuesday reported a 161% jump in its consolidated net profit to ₹162.64 crore in the October-December quarter for the financial year 2024-25. The company had posted ₹62.27 crore in the same quarter last fiscal.

Earnings before interest, tax, depreciation, and amortisation (EBITDA) increased by 85% year-on-year to ₹280 crore during the reporting quarter as compared to ₹152 crore.

Commenting on the Q3 performance, Pirojsha Godrej, Executive Chairperson, Godrej Properties Limited, 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 the financial year 2025 was the 6th consecutive quarter of more than ₹5,000 crore bookings underlying the sectoral tailwinds for the residential real estate sector in India.”

“With a robust launch pipeline, strong balance sheet, and resilient demand, we are on track to surpass our bookings guidance of ₹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,” he further said in a statement.

During the intraday trade, shares of Godrej Properties were trading 1.38% higher at ₹2351.25 on BSE.

Booking value for the December quarter was ₹5,446 crore from the sale of a 4.07 million sq.ft area, a decline of 5% on-year. However, booking value in 9MFY25 grew 48% to ₹19,281 crore from sale of 18.21 million sq.ft area, a volume growth of 54%.

“This is the 6th consecutive quarter in which GPL has delivered more than ₹5,000 crore of booking value,” the company said in an exchange filing.

The company raised ₹6,000 crore of equity for growth capital through largest ever QIP by a real estate company in India during the reporting quarter.

Godrej Properties is one of the leading real estate developers in the country. It has a significant presence in Delhi-NCR, Mumbai Metropolitan Region, Pune and Bengaluru.