GODREJ PROPERTIES LTD Q3 RESULTS
Godrej Properties buys TDR certificates for Gurugram project
Godrej Properties has acquired Transfer of Development Rights (TDR) certificates worth Rs 50 crore for its Sector 43 project in Gurgaon, a novel practice in the NCR region but common in Mumbai. These certificates allow for an additional 300,000 sq ft of construction, potentially generating Rs 900 crore in revenue. TDRs, obtained from Haryana government for land acquisition, were sold with a floor area ratio (FAR) of 2. This strategic move is expected to catalyze similar transactions in Gurgaon, following the company's significant sales growth in FY24 and upcoming projects in prime sectors.
Stock Radar: Godrej Properties almost doubles in 1 year! Should you buy or book profits?
Godrej Properties stock soared over 97% in a year, reaching a new high of Rs 3,112 on June 19, 2024. This impressive momentum has been fuelled by a broadening Rising Wedge formation, a positive indicator for further gains. The broadening rising wedge is shaped like an expanding triangle, with two upward-sloping trendlines that diverge over time.
Go Digit Q4 Results: PAT jumps 104% YoY to Rs 53 crore; gross written premium up 19%
The net profit stood at Rs 182 crore for the full financial year as against Rs 36 crore in FY23, recording a 405% jump. The gross written premium for the full financial year stood at 9,016 crore versus Rs 7,243 crore in FY23.
TRADERS’ CORNER: Power major and realty stock line up with 5% gains each
Nifty hit a fresh lifetime high and closed at a new all-time high level.
Prestige Estates Q4 Results: Profit plunges 70% YoY to Rs 140 crore
Prestige Estates Projects Ltd has posted 70 per cent decline in consolidated net profit at Rs 140 crore for the quarter ended March 2024 on lower income. Its net profit stood at Rs 468.4 crore in the year-ago period.
Defence Ministry points gun at Godrej's housing project with revenue potential of Rs 7,000 crore in Mumbai
The Defence Ministry has raised objections to a residential project undertaken by Godrej Properties in Mumbai, demanding the suspension of work on the venture. With an estimated revenue potential of Rs 7,000 crore, the project, known as Godrej Reserve, has encountered opposition due to its proximity to the Central Ordnance Depot (COD) complex in Kandivali. Spanning an 18.6-acre land parcel, Godrej Reserve has already seen the launch of approximately 1.91 million sq ft of development.
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GIFT Nifty down 5 points; here's the trading setup for today's session
The rupee stayed range-bound and settled 4 paise lower at 83.50 against the US dollar on Thursday, weighed down by unabated foreign fund outflows amid investors' weak appetite for riskier assets.
PVR Inox Q4 Results: Net loss narrows to Rs 130 crore; revenue jumps 10% YoY
PVR Inox Q4 Results: For the full financial year, the loss reported was Rs 32 crore, down from Rs 335 crore in FY23. The revenue in the said period stood at Rs 6,107 crore, higher than Rs 3,751 crore reported in the year-ago period.
SBI, Godrej Consumer top buys post Q4 results; could give 13-17% upside in 1 year
SBI and Godrej Consumer are top buys post Q4 results, led by BFSI and Auto sectors. Nifty stocks show growth, while Tier-1 IT companies face challenges. Business and credit growth outlook positive for SBI.
Godrej Agrovet Q4 Results: Net profit jumps almost 3-fold to Rs 65 crore
Godrej Agrovet Ltd on Thursday posted close to a three-fold jump in consolidated net profit to Rs 65.48 crore in the March quarter on slightly higher sales and reduction in expenses. The company's net profit stood at Rs 23.47 crore in the same quarter previous fiscal, the company said in a regulatory filing.
Huge opportunity in defence stocks over next 3-5 years; 2 must-haves in portfolio: Hemang Jani
Hemang Jani foresees significant opportunities in defence, real estate sectors, and potential comebacks in Tata Motors and Biocon. Strategic tie-ups, loan growth, and M&A activities are key factors influencing stock re-ratings. Among defence stocks, "Bharat Electronics and HAL are the two names that we should have as part of the core portfolio and these companies can give a 16% to 20% kind of CAGR over the next two to three years."
Godrej Properties cuts net debt by 10% in Q4 on strong cash flow: Pirojsha Godrej
Godrej Properties reported a 10% reduction in its net debt in the latest March quarter to nearly Rs 6,200 crore, attributed to strong sales and customer fund collections. Executive Chairperson Pirojsha Godrej highlighted a reduction of Rs 700 crore in net debt during Q4, despite ongoing land acquisitions for future development.
Godrej Consumer shares surge nearly 8% after Q4 results. Should you buy?
Godrej Consumer Share Price: Shares of Godrej Consumer Products surged 8% to its fresh all-time high of Rs 1,349.65 on BSE in Tuesday's early trade even after reporting a consolidated net loss of Rs 1,893 crore for the quarter ended March 31, 2024.
Godrej Consumer Q4 Results: FMCG major posts loss of Rs 1,893 crore against profit a year ago
The company also declared an interim dividend of Rs 10 per share for the financial year 2024-25 and the record date for ascertaining the names of the shareholders who will be entitled to receive the said dividend is Tuesday, May 14, 2024. The dividend will be paid on or before Wednesday, June 5, 2024.
In FY25, Godrej Properties hopes to build on strong operating momentum of last year: Pirojsha Godrej
Godrej Properties anticipates strong growth in FY25, leveraging active business development in key markets. The real estate company is also going to focus on timely customer cash collections and maintaining debt levels between 0.5 to 1 band for sustained growth. Godrej says: "we are kind of mid-cycle now so that we will have another good year of real estate demand ahead."
Godrej Properties shares surge nearly 10% to record high. Should you invest?
Godrej Properties shares surged 9.7% to a record high of Rs 2,816.90 on BSE. Brokerages raised target prices after a 14% YoY increase in consolidated net profit to Rs 471 crore for Q1 2024. The company achieved its highest-ever quarterly sales, with booking value at Rs 9,519 crore.
Non-compete agreement: Godrej vs Godrej a no-no even in realty business
Godrej Properties, which is part of GIG, will have the right to use the brand for real estate development. GEG entity Godrej & Boyce will use the brand for any development on land parcels it owned on January 1 and it will not undertake any development outside of those holdings.
Godrej Properties to market realty projects developed by Godrej & Boyce for management fees
Jamshyd Godrej and his sister control Godrej & Boyce with 3,000 acres Mumbai property. Adi Godrej and Nadir Godrej market real estate projects for management fees. Pirojsha Godrej mentions Vikhroli, Mumbai, and the Development Management (DM) model.
Godrej Properties Q4 Results: Net profit rises 14% YoY to Rs 471 crore; revenue falls 13%
Godrej Properties Q4 Results: Godrej Properties' Q4 net profit rose 14% YoY to Rs 471 crore. Revenue fell 13%. Co recorded the highest quarterly sales at Rs 9,519 crore. Godrej Zenith, Gurugram achieved Rs 3,008 crore booking value.
Q4 results today: Titan, Britannia, Adani Green among 49 companies to announce earnings on Friday
Q4 results today: 49 companies, including Titan and Adani Green, to reveal Q4 results. Titan foresees 18% revenue growth and 13% net profit rise. Watch out for updates from Titan, Britannia, MRF, Tata Tech, and other key players.
Deutsche Bank Q1 Results: Profit jumps 10% as investment bank outperforms
Deutsche Bank posted on Thursday a better-than-expected 10% increase in first-quarter profit as a resurgence in fixed-income trading and deal-making propelled revenue at its investment banking division.
Godrej Properties records 135% on-year rise in Q4 sales at Rs 9,500 crore
Godrej Properties, the real estate arm of the Godrej Group, achieved a remarkable 135% year-on-year sales growth, totaling Rs 9,500 crore for the quarter ending March. Annual sales for the financial year 2023-24 surged by 84% to Rs 22,500 crore, marking the company's best-ever quarterly and annual sales. Key projects like Godrej Zenith and Godrej Reserve contributed significantly to this success.
Godrej Properties shares surge 7% on highest-ever quarterly sales
Godrej Properties' shares surged 7% with highest-ever quarterly sales of 5,000 homes. FY24 bookings exceeded expectations, reaching over Rs 22,500 crore. MD & CEO Gaurav Pandey optimistic about company's growth and market expansion.
1,050 flats worth Rs 3,000 crore sold out in just 3 days in Godrej Properties' most successful project launch
Godrej Properties Ltd. (GPL), headquartered in Mumbai, achieved a significant milestone with the sale of homes surpassing Rs 3,000 crore within just three days of launching Godrej Zenith in Gurugram, Haryana. This success represents GPL's most lucrative launch in terms of both sales value and volume, with over 1,050 homes and 2 million square feet sold
Godrej Properties reports Rs 3,000 crore sale from Gurugram project
Godrej Properties achieves record sales of over Rs 3,000 crore, selling 1050 homes in Godrej Zenith, Gurugram. This marks their most successful launch in terms of value and volume. The company plans new launches in Gurugram, strengthening its presence. Additionally, it wins bid for a 6.46-acre plot in Noida for further development.
Godrej sells more than 1050 homes worth over Rs 3,000 crore in 3 days of new project launch in Gurugram
Godrej Group achieves significant sales post Godrej Zenith launch in Gurugram. Strong FY24 sales increase and new projects planned. Gaurav Pandey positive about future growth and business development guidance exceeding Rs 15,000 crore.
Omaxe Q3 Results: Posts Rs 72 cr loss for Dec qtr; reappoints Mohit Goel as MD
Realty firm Omaxe Ltd on Friday reported a consolidated loss of Rs 71.77 crore for the quarter ended in December 2023. Its loss stood at Rs 109.11 crore in the year-ago period.
Godrej Properties Q3 net profit up 6%, total income rise 43% on year
Sales bookings rose 76% from a year ago to Rs 5,720 crore during the quarter and 59% to Rs 13,008 crore in the first nine months of 2023-24. Booking value in the first three quarters was 106% of booking value for the entire 2022-23, which was the company's previous best-ever year.
Godrej Properties Q3 Results: Net profit rises 11% to Rs 63 cr; sales bookings up 76%
Godrej Properties on Tuesday reported an 11 per cent increase in its consolidated net profit to Rs 62.72 crore in the December quarter, while sales bookings grew 76 per cent annually to Rs 5,720 crore during the period on better housing demand. The realty firm's net profit stood at Rs 56.40 crore in the year-ago period.
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