Godrej Properties delivers its highest ever quarterly and full year bookings

Godrej Properties Limited (GPL) (scrip id: GODREJPROP), a leading national real estate developer, announced that it has achieved its highest ever quarterly and full year bookings.

- Godrej Properties delivers its highest ever quarterly and full year bookings.

- Q4 FY25 booking value grew 87% QoQ and 7% YoY to INR 10,163 crore. This was achieved through the sale of 3,703 homes with a total area of 7.52 million sq. ft. This is the highest ever quarterly booking value achieved by Godrej Properties.

- This is also the 7th consecutive quarter in which GPL has delivered more than INR 5,000 crore of booking value.

- FY25 booking value grew 31% YoY to INR 29,444 crore. This was achieved through the sale of 15,302 homes with a total area of 25.73 million sq. ft., a YoY volume growth of 29%. This is the highest ever full year booking value and volume announced by any real estate developer in India to date.

- GPL has achieved 109% of its annual guidance for booking value for FY25.

- FY 25 was the 8th consecutive financial year of booking value growth for GPL.

- Sales in Q4 FY25 were driven by strong demand in several key new project launches including Godrej Riverine in Noida, which achieved a booking value of over INR 2,000 crore, Godrej Astra in Gurugram, which achieved a booking value of over INR 1,000 crore, and Godrej Madison Avenue, in Hyderabad, which achieved a booking value of over INR 1,000 crore.

- NCR, MMR & Bengaluru contributed more than INR 10,500 crore, INR 8,000 crore and INR 5,000 crore respectively to the booking value in FY25.

Gaurav Pandey, MD & CEO, Godrej Properties, said, "We are delighted to have crossed INR 10,000 crore in sales bookings for the first time in Q4FY25. Our sales bookings over the last 3 years have compounded at an annual growth rate of 55%. Through this, GPL has completely reset the scale of its operations and for the second consecutive year is the largest real estate developer in India by booking value. We'd like to take this opportunity to sincerely thank our customers and all stakeholders for their trust and confidence in Godrej Properties.

Our business development additions with a future booking value of Rs 26,450 crore in FY25 will ensure that we continue to have a strong launch pipeline in the years ahead. Furthermore, the equity capital of INR 6,000 crore we raised through a QIP in December 2024 combined with the record operating cash flow we generated in FY25 will enable us to continue to invest for growth. We have built a deep understanding across the key real estate markets in India and are greatly excited by the potential the next several years offer for us to deliver sustained high-quality performance across all key operating metrics."

Shares of Godrej Properties Limited was last trading in BSE at Rs. 1926.15 as compared to the previous close of Rs. 2069.45. The total number of shares traded during the day was 46523 in over 7059 trades.

The stock hit an intraday high of Rs. 2002.85 and intraday low of 1869.50. The net turnover during the day was Rs. 89995866.00.

Source : Equity Bulls

Keywords

GodrejProperties INE484J01027 Realty Bookings Q4FY25 FY2025 BusinessUpdate