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Godrej Properties (GPL) reported strong performance across several key metrics. The company achieved sales bookings of Rs. 51.98 billion in Q2FY25, representing a 3.3% year-over-year (YoY) increase, and collections reached Rs. 40.05 billion, indicating a 68.4% YoY growth. Operating cash flow increased by 126% YOY to Rs. 18.34 bn, and the company delivered 6.6 million square feet across 3 cities in FY25, up 326% YoY and 144% QOQ. This was the highest ever Collections, Operational cash flows an...
Buy Godrej Properties Ltd For Target Rs. 3564 By Choice Broking Ltd
Strong 1HFY25 show! BD to keep launches momentum ongoing * Godrej Properties (GPL) achieved its best ever second-quarter bookings of INR52b, guided by strong demand momentum (up 3% YoY). New launches/existing projects accounted for 53%/47% of total sales. * GPL launched INR61b worth of projects across 5.6msf of saleable area, of which 45% of inventory was sold during the quarter and contributed 53% to pre-sales value. * Sales volume was flat at 5.2...
Buy Godrej Properties Ltd For Target Rs.3,725 By Motilal Oswal Financial Services Ltd
Strong 1HFY25 show! BD to keep launches momentum ongoing * Godrej Properties (GPL) achieved its best ever second-quarter bookings of INR52b, guided by strong demand momentum (up 3% YoY). New launches/existing projects accounted for 53%/47% of total sales. * GPL launched INR61b worth of projects across 5.6msf of saleable area, of which 45% of inventory was sold during the quarter and contributed 53% to pre-sales value. * Sales volume was flat at 5.2msf, while realizations moved up ...
Buy Godrej Properties Ltd For Target Rs. 3725 By Motilal Oswal Financial Services Ltd
Godrej Properties is currently trading at Rs. 3143.85, up by 12.15 points or 0.39% from its previous closing of Rs. 3131.70 on the BSE. The scrip opened at Rs. 3173.65 and has touched a high and low of Rs. 3173.65 and Rs. 3138.60 respectively. So far 425 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3400.00 on 16-Sep-2024 and a 52 week low of Rs. 1548.00 on 26-Oct-2023. Last one week high and low of the scrip ...
Godrej Properties rises on acquiring land in Ahmedabad
Godrej Properties is currently trading at Rs. 3157.95, up by 11.65 points or 0.37% from its previous closing of Rs. 3146.30 on the BSE. The scrip opened at Rs. 3193.95 and has touched a high and low of Rs. 3193.95 and Rs. 3142.65 respectively. So far 7610 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3400.00 on 16-Jul-2024 and a 52 week low of Rs. 1548.00 on 26-Oct-2023. Last one week high and low of the scrip...
Godrej Properties rises on emerging as highest bidder to develop group housing project in Kharghar
Godrej Properties is currently trading at Rs. 2904.80, up by 7.10 points or 0.25% from its previous closing of Rs. 2897.70 on the BSE. The scrip opened at Rs. 2930.00 and has touched a high and low of Rs. 2978.40 and Rs. 2870.00 respectively. So far 24715 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3400.00 on 16-Jul-2024 and a 52 week low of Rs. 1548.00 on 26-Oct-2023. Last one week high and low of the scrip...
Godrej Properties gains after its booking value rises 3% in Q2 FY25
Godrej Properties is currently trading at Rs. 2903.40, up by 14.90 points or 0.52% from its previous closing of Rs. 2888.50 on the BSE. The scrip opened at Rs. 2889.00 and has touched a high and low of Rs. 2947.65 and Rs. 2884.90 respectively. So far 7728 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3400.00 on 16-Jul-2024 and a 52 week low of Rs. 1533.00 on 28-Sep-2023. Last one week high and low of the scrip...
Godrej Properties rises on securing LoI to develop two group housing plots in Gurugram
Godrej Properties is currently trading at Rs. 2932.05, up by 6.70 points or 0.23% from its previous closing of Rs. 2925.35 on the BSE. The scrip opened at Rs. 2925.00 and has touched a high and low of Rs. 2943.75 and Rs. 2873.20 respectively. So far 10454 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3400.00 on 16-Jul-2024 and a 52 week low of Rs. 1496.40 on 14-Aug-2023. Last one week high and low of the scrip...
Godrej Properties surges on acquiring 90 acres of land in Khalapur
Godrej Properties (GPL) reported strong performance across several key metrics. The company achieved sales bookings of Rs. 86.37 billion, representing a 283% year-over-year (YoY) increase, and collections reached Rs. 30.12 billion, indicating a 27% YoY growth. Operating cash flow increased by 737% YOY to Rs. 9.88 bn, and the company delivered 2.7 million square feet, down 45% YoY and 55% QOQ. This was the second consecutive quarter in achieving highest amount of presales (mnsf). * Under th...
Buy Godrej Properties Ltd For Target Rs.3503 By Choice Broking Ltd
Godrej Properties is currently trading at Rs. 2938.00, up by 61.65 points or 2.14% from its previous closing of Rs. 2876.35 on the BSE. The scrip opened at Rs. 2900.00 and has touched a high and low of Rs. 2975.00 and Rs. 2900.00 respectively. So far 12506 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3400.00 on 16-Jul-2024 and a 52 week low of Rs. 1496.40 on 14-Aug-2023. Last one week high and low of the scri...
Godrej Properties surges on emerging as highest bidder for 2 land parcels in Greater Noida
Godrej Properties (GPL) reported strong performance across several key metrics. The company achieved sales bookings of Rs. 86.37 billion, representing a 283% year-over-year (YoY) increase, and collections reached Rs. 30.12 billion, indicating a 27% YoY growth. Operating cash flow increased by 737% YOY to Rs. 9.88 bn, and the company delivered 2.7 million square feet, down 45% YoY and 55% QOQ. This was the second consecutive quarter in achieving highest amount of presales (mnsf). * &nb...
Buy Godrej Properties Ltd For Target Rs. 3503 By Choice Broking Ltd
Godrej Properties is currently trading at Rs. 3187.05, up by 6.25 points or 0.20% from its previous closing of Rs. 3180.80 on the BSE. The scrip opened at Rs. 3214.40 and has touched a high and low of Rs. 3214.40 and Rs. 3159.00 respectively. So far 4244 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3400.00 on 16-Jul-2024 and a 52 week low of Rs. 1496.40 on 14-Aug-2023. Last one week high and low of the scrip ...
Godrej Properties rises on acquiring around 46-acre land parcel in Indore
Ticking off boxes across key parameters Sustainability in cash flows and profitability can drive further rerating New launches drive record performance * GPL reported its highest ever pre-sales of INR225b in FY24, up 84% YoY (61% higher than guidance), becoming the largest developer in terms of bookings. * The performance was mainly led by new launches, which increased by 65% to INR230b in FY24, of which 70% were absorbed during the year and contributed 70% to total pre-sales. ...
Buy Godrej Properties Ltd For Target Rs. 3,600 By Motilal Oswal Financial Services
Godrej Properties is currently trading at Rs. 2818.30, up by 5.10 points or 0.18% from its previous closing of Rs. 2813.20 on the BSE. The scrip opened at Rs. 2831.70 and has touched a high and low of Rs. 2857.75 and Rs. 2729.15 respectively. So far 24443 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2925.00 on 17-May-2024 and a 52 week low of Rs. 1326.10 on 25-May-2023. Last one week high and low of the scrip...
Godrej Properties gains on selling around 650 homes worth over Rs 2,000 crore in Godrej Jardinia project in Noida
Godrej Properties (GPL) had another outstanding year, reporting strong performance across several key metrics. The company achieved sales bookings of Rs. 225 billion, representing a 27% year-over-year (YoY) increase, and collections reached Rs. 114.4 billion, indicating a 27% YoY growth. Operating cash flow increased by 23% to Rs. 43.34 billion, and the company delivered 12.5 million square feet, a 19% YoY increase. Notably, the company's sales bookings exceeded its guidance by ...
Buy Godrej Properties Ltd. For Target Rs.2957 By Choice Broking Ltd
Indian real estate developer Godrej Properties reported a fall in fourth-quarter revenue on Friday, weighed by muted pricing in the key market of Mumbai. Shares of the company dipped after results, but recouped losses to trade up 0.3% as of 1:56 p.m. IST. WHY IT'S IMPORTANT Indian real estate developers have been racing to keep up with a buoyant post-pandemic housing demand by beefing up their land banks as homebuyers lap up pricier apartments, unfazed by high borrowing rates. ...
India`s Godrej Properties reports Q4 revenue drop as muted pricing weighs
Godrej & Boyce, the owner-developer, and Godrej Properties, the development manager, announced on Wednesday that the two companies will continue their association for land development in Vikhroli. “The two companies will continue their Memorandums of Understanding executed from time to time, for the development of land in Vikhroli owned by Godrej & Boyce, as and when Godrej & Boyce is desirous of developing the said land,” according to a joint statement issued...
Godrej family to continue joint biz for Vikhroli real estate project in Mumbai
Strong deal momentum, outlook intact Tata Consultancy Services (TCS), a subsidiary of Tata Sons Ltd, is a global information technology company providing a range of services to the banking, financial services and insurance (BFSI); telecommunications; transportation; retail; manufacturing; pharma and utility industries. • Q4FY24 consolidated revenue grew 3.5% YoY (up 2.2% YoY on constant currency, or CC, basis), aided by strong growth in the regional markets and manufacturing segme...
Buy Godrej Properties Ltd For Target Rs. 4,344 - Geojit Financial Services Ltd
Godrej Properties is currently trading at Rs. 2510.45, up by 18.55 points or 0.74% from its previous closing of Rs. 2491.90 on the BSE. The scrip opened at Rs. 2505.75 and has touched a high and low of Rs. 2524.10 and Rs. 2492.00 respectively. So far 5675 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2541.00 on 04-Mar-2024 and a 52 week low of Rs. 1005.70 on 29-Mar-2023. Last one week high and low of the scrip...
Godrej Properties rises after being declared as highest bidder for land parcel in Noida
Godrej Properties is currently trading at Rs. 2489.75, up by 50.25 points or 2.06% from its previous closing of Rs. 2439.50 on the BSE. The scrip opened at Rs. 2486.95 and has touched a high and low of Rs. 2524.00 and Rs. 2474.70 respectively. So far 8966 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2,524.00 on 04-Mar-2024 and a 52 week low of Rs. 1005.70 on 29-Mar-2023. Last one week high and low of the scri...
Godrej Properties shines on inking pacts to develop township project in Bengaluru
Scaling new summits Highest-ever quarterly sales performance led by strong launches Godrej Properties (GPL IN) reported quarterly sales of INR 57bn with volume at 4.34mn sqft. Booking value was up 14% QoQ and 76% YoY. Despite the 17% QoQ and 2% YoY drop in sales volume, booking value was robust, primarily led by high realization in NCR market where GPL launched Godrej Aristocrat in Q3. This was GPL's most successful ever launch, achi...
Buy Godrej Properties Ltd For Target Rs. 2264 - Elara Capital
Godrej Properties Limited (GPL), a leading national real estate developer, announced its financial results for the third quarter ended December 31, 2023 CORPORATE HIGHLIGHTS: Sales Highlights * Q3 FY24 was GPL’s highest ever quarterly sales for second quarter in a row witnessing total booking value of INR 5,720 crore with 4.34 million sq. ft. of area sold * Booking value in 9M FY24 was 106% of booking value for the entire FY23, which was GPL’ s previous best ever year ...
Godrej Properties Consolidated Financials for Q3 FY24 Results
India's Godrej Properties reported a 6% increase in third-quarter profit on Tuesday, led by the strong demand for residential homes. The Godrej Group company's consolidated net profit was 622.7 million rupees ($7.5 million) for the quarter ended Dec. 31, compared with 587.4 million rupees a year earlier. Revenue from operations more than doubled to 3.3 billion rupees, with bookings increasing proportionately to 57.2 billion rupees. For further highlights, click (Full st...
India`s Godrej Properties posts rise in Q3 profit on sturdy residential demand
Godrej Properties is currently trading at Rs. 2306.65, up by 3.25 points or 0.14% from its previous closing of Rs. 2303.40 on the BSE. The scrip opened at Rs. 2303.20 and has touched a high and low of Rs. 2317.20 and Rs. 2273.30 respectively. So far 2684 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2331.00 on 15-Jan-2024 and a 52 week low of Rs. 1005.70 on 29-Mar-2023. Last one week high and low of the scrip ...
Godrej Properties inches up on acquiring additional one acre land parcel in Bengaluru
Strong show on pre-sales and healthy cash flows Pre-sales doubled YoY driven by new launches * Godrej Properties (GPL) reported bookings of INR50b in 2QFY24, up 109%/133% YoY/QoQ (27% above our estimate). Sales volume surged 93%/133% YoY/QoQ to 5.24msf. Blended realizations improved 8% YoY but declined 4% sequentially to INR9,600/sft due to relatively higher contribution from the plotted projects, which have lower realizations. * Unlike 1QFY24, pre-sales during the quarter were large...
Buy Godrej Properties Ltd For Target Rs.2,015 - Motilal Oswal
Real estate major Godrej Properties on Thursday reported a 21.5 per cent rise in second-quarter net profit to Rs 66.8 crore on the back of rising home demand. The company had made a net profit of Rs 54.96 crore in the same quarter last year. The company’s total income crossed Rs 605 crore during the July-September quarter of the current financial year up from from Rs 369.2 crore in the corresponding period of the previous year, according to a regulatory filing. The company said th...
Godrej Properties records 21.5% jump in Q2 net profit
Indian real estate developer Godrej Properties on Thursday reported a 21.5% rise in second-quarter profit, helped by a rise in demand for housing projects. Consolidated net profit of the Godrej Group-owned firm rose to 668 million rupees ($8.02 million) from to 549.6 million rupees a year ago. Revenue from operations more than doubled to 3.43 billion rupees. For further highlights, click (Full story) KEY CONTEXT Analysts said that real estate companies have been seeing im...
India's Godrej Properties posts Q2 profit rise on robust housing demand
Real estate major DLF Ltd on Monday reported a 31 per cent jump in consolidated net profit to Rs 623 crore in the July-September quarter of the current financial year period compared to Rs 477 crore in the same period last year. The company’s revenue from operations during the quarter rose 4 per cent to Rs 1,348 crore. It reported consolidated EBITDA of Rs 462 crore for the September quarter, up 6 per cent over the same period of the previous year. Total expenses during the quarte...
DLF clocks 31% jump in q2 net profit at Rs 623 crore
Godrej Properties Ltd. (GPL), (BSE scrip id: GODREJPROP), one of India?s leading real estate developers, today announced that it has acquired ~109 acres land parcel in Nagpur. The development on this land will comprise primarily plotted residential units and will offer an estimated saleable area of 2.2 million square feet. The land parcel is strategically located near Samrudhhi Mahamarg, (the expressway connecting the cities of Mumbai & Nagpur) and MIHAN SEZ and offers good connectiv...
Godrej Properties acquires ~109 acres land parcel in Nagpur
Godrej Properties is currently trading at Rs. 1555.00, up by 18.40 points or 1.20% from its previous closing of Rs. 1536.60 on the BSE.The scrip opened at Rs. 1545.90 and has touched a high and low of Rs. 1578.50 and Rs. 1545.90 respectively. So far 4154 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1768.80 on 28-Jul-2023 and a 52 week low of Rs. 1005.70 on 29-Mar-2023.Last one week high and low of the scrip stood at Rs. 1612.5...
Godrej Properties trades higher on acquiring 49% stake in Godrej Skyline Developers
Godrej Properties Ltd. (GPL), (BSE scrip id: GODREJPROP), one of India?s leading real estate developers, today announced that it has sold ~ 670 homes worth over INR 2,000 crore in its project, Godrej Tropical Isle, located in Sector 146, Noida. This is Godrej Properties' most successful ever launch in terms of the value and volume of sales achieved.? The project was launched in August 2023 within nine months of the purchase of land through an e-auction conducted by Noida Authority in November...
Godrej Properties achieves booking value of INR 2,000 crore through the launch of its project Godrej Tropical Isle in Noida
Godrej Properties is currently trading at Rs. 1562.00, up by 23.30 points or 1.51% from its previous closing of Rs. 1538.70 on the BSE.The scrip opened at Rs. 1546.40 and has touched a high and low of Rs. 1574.45 and Rs. 1546.40 respectively. So far 2512 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1768.80 on 28-Jul-2023 and a 52 week low of Rs. 1005.70 on 29-Mar-2023.Last one week high and low of the scrip stood at Rs. 1657.0...
Godrej Properties shines on selling 670 homes worth over Rs 2,000 crore in project `Godrej Tropical Isle`
Godrej Properties is currently trading at Rs. 1565.70, up by 12.10 points or 0.78% from its previous closing of Rs. 1553.60 on the BSE.The scrip opened at Rs. 1551.00 and has touched a high and low of Rs. 1575.85 and Rs. 1545.65 respectively. So far 18987 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1768.80 on 28-Jul-2023 and a 52 week low of Rs. 1005.70 on 29-Mar-2023.Last one week high and low of the scrip stood at Rs. 1657....
Godrej Properties gains on raising Rs 1,160 crore through NCDs
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