Godrej Properties allots 1,379 equity shares under ESOP scheme; check key details

Godrej Properties, on March 6, informed that the company has granted 1,379 equity shares for a face value of ₹5 per equity share to its staff under the employee stock ownership (ESOP) scheme. The resolution was approved on Thursday after the market hours.

“Accordingly, the duly authorised Allotment Committee of the Board of Directors of the Company on March 06, 2025, allotted 1,379 Equity Shares of ₹5 per Equity Share to the option grantees in terms of the GPL ESGS,” the company said in an exchange filing.

Consequently, the issued, subscribed and paid-up capital of the company stands increased to ₹1.50 crore, consisting of 30,11,84,878 equity shares of ₹5 each, it further said.

On Thursday, shares of the company closed at ₹2,055 apiece, falling 0.98%. Its total market capitalisation stood at ₹61,893.21 crore.

The scrip had touched its 52-week high of ₹1,901 last month on February 17.

However, the Godrej Properties stock has lost 28.06% in the past six months from September 6, 2024. It has declined 16.48% over a year.

NIFTY Realty index has also tumbled almost 10% since last one year.

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

Godrej Properties revenue for the reporting period increased 193% to ₹968.88 crore as compared to ₹330.44 crore in the corresponding quarter of the previous financial year.

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.

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% year-on-year. However, booking value in 9MFY25 grew 48% to ₹19,281 crore from the sale of 18.21 million sq. ft. area, a volume growth of 54%.