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- Important
- Financial Update
- Fund Raise
- Board Meeting
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- Investor Meet
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Here's a concise, retail-friendly summary:
Godrej Properties posted a strong Q3, with booking value jumping 55% YoY to `8,421 Cr`. This marks its 4th consecutive quarter above `7,000 Cr`, driving 9-month bookings to a record `24,008 Cr` (+25% YoY). MMR was a key contributor, with Godrej Trilogy alone generating `1,742 Cr`.
Strategic focus on growth led to 11 new project/phase launches in Q3, adding `11,000 Cr` sales potential. The company also secured 3 new projects in Q3 totaling `8,400 Cr` in expected booking value. Overall, 9-month business development has already exceeded the annual target.
Collections grew 40% YoY to `4,282 Cr`, while Operating Cashflow rose 73% YoY to `1,062 Cr`. Net Profit after Tax (PAT) was `195 Cr` (+20% YoY). Net Debt stands at `6,873 Cr` (Net Debt/Equity 0.37), with an average borrowing cost of 7.25%.
Management expects to beat its `32,500 Cr` annual booking value guidance, having achieved 74% in 9 months. Robust collections and operating cash flow are anticipated in Q4 as more projects are delivered.