Godrej Properties, a prominent real estate developer, announced its highest-ever quarterly profit, reaching Rs 471.26 crore in the March quarter, a 14% increase from the previous year. The company’s total income rose to Rs 1,914.82 crore in Q4, and its net profit for the fiscal year 2023-24 surged to Rs 725.27 crore. Pirojsha Godrej, Executive Chairperson, expressed confidence in sustained growth, citing robust bookings and cash collections. Sales bookings soared to Rs 22,527 crore, marking an 84% increase, while annual project deliveries reached a record 12.5 million square feet. Godrej anticipates continued growth in sales bookings, exceeding Rs 27,000 crore in the upcoming fiscal year, underpinned by a strong launch pipeline and favorable market conditions.
Godrej Properties Reports Record Quarterly Profit
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