Godrej Properties' MD & CEO Gaurav Pandey On Q3, Projects, Customer Deliveries. Godrej Prop Shares

Watch BTTV's Sakshi Batra in conversation with Godrej Properties's MD & CEO Gaurav Pandey on Q3 earnings and guidance ahead. Godrej Properties has announced a consolidated net profit of ₹62.47 crore for the quarter ending December 2023, marking a 6% growth compared to ₹58.49 crore in the corresponding quarter of the previous year. The real estate giant witnessed a substantial surge in revenue, soaring by 68% to ₹330 crore from ₹196 crore year-on-year (YoY). Notably, sales bookings experienced impressive growth, rising by 76% YoY to ₹5,720 crore in Q3FY24 and 59% YoY to ₹13,008 crore in 9M FY24. Q3FY24 marked the company's highest ever quarterly sales for the second consecutive quarter, with 4.34 million sq. ft. of area sold. Godrej Properties also reported significant increases in collections and net operating cash flow, up by 43% to ₹2,411 crore and 45% to ₹798 crore, respectively, in Q3FY24, as stated in a release.