Godrej Properties Q3 Results: PAT soars 161% YoY to Rs 163 crore; stock rises over 4%

Godrej Properties (GPL) on Tuesday announced its third quarter results for the fiscal year 2025, reporting an impressive 161% year-on-year (YoY) jump in its profit after tax (PAT) at Rs 163 crore for the said quarter.

The net profit was up by a massive 301% YoY for the nine months ended December 31, 2024.

Following this update, the shares of GPL shot up by 4.3% to an intraday high of Rs 2,420 on the BSE.


Additionally, the real estate firm informed that it has delivered its highest-ever bookings, collections, operating cash flow, earnings, and deliveries in a calendar year in 2024.

“Booking value grew 69% to INR 28,800 crores from the sale of 26.38 million sq. ft. of area, a volume growth of 54%. This is the highest ever booking value achieved by any listed developer in India in a calendar year,” Godrej Properties said in its press release.

However, the booking value in Q3FY25 stood at Rs 5,446 crore from the sale of 4.07 million sq. ft. of area, a decline of 5% year-on-year and a growth of 5% quarter-on-quarter.

Additionally, GPL has achieved 71% of its annual guidance for booking value for FY25. The company has also added four new projects with an estimated saleable area of 5.9 million sq. ft. and an expected booking value of Rs 10,800 crore in Q3FY25.

In 9M FY25, GPL added 12 new projects with a total estimated saleable area of approximately 16.9 million sq. ft. and a total estimated booking value potential of Rs 23,450 crore and have thereby surpassed the full-year guidance of Rs 20,000 crores.

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“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 INR 5,000 crores in 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 INR 27,000 cores in FY25 while also achieving our highest-ever cash collections, deliveries, earnings and operating cash flow,” said Pirojsha Godrej, Executive Chairperson of Godrej Properties.

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