Buy Godrej Properties, target price Rs 2855: Motilal Oswal

Motilal Oswal has buy call on Godrej Properties with a target price of Rs 2855. The current market price of Godrej Properties is Rs 2371.15.

Godrej Properties Ltd., incorporated in the year 1985, is a Large Cap company (having a market cap of Rs 65292.05 Crore) operating in Real Estate sector.

Godrej Properties Ltd. key Products/Revenue Segments include Income From Real Estate Development, Sale of services, Other Operating Revenue and Lease Rentals for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 548.31 Crore, down -9.39 % from last quarter Total Income of Rs 605.11 Crore and up 35.53 % from last year same quarter Total Income of Rs 404.58 Crore. Company reported net profit after tax of Rs 87.23 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 58.48 per cent stake in the company as of 31-Dec-2023, while FIIs owned 29.73 per cent, DIIs 4.68 per cent.