Buy Godrej Properties, target price Rs 3600: Motilal Oswal

Motilal Oswal has buy call on Godrej Properties with a target price of Rs 3600. The current market price of Godrej Properties is Rs 3158.

Godrej Properties Ltd., incorporated in the year 1985, is a Large Cap company (having a market cap of Rs 86081.64 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 31-03-2024, the company reported a Consolidated Total Income of Rs 1914.82 Crore, up 249.22 % from last quarter Total Income of Rs 548.31 Crore and up 4.13 % from last year same quarter Total Income of Rs 1838.82 Crore. Company reported net profit after tax of Rs 440.96 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 58.48 per cent stake in the company as of 31-Mar-2024, while FIIs owned 29.67 per cent, DIIs 5.56 per cent.