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Godrej Properties reports 58% PAT growth in Q4, booking value stood at ₹4,051 Cr

The net profit of Godrej Properties reached ₹412 Cr during Q4FY32, up by 58% YoY from ₹260 Cr during Q4FY22.

Godrej Properties reports 58% PAT growth in Q4, booking value stood at ₹4,051 Cr
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In addition to reporting highest-ever quarterly collections of INR 3,822 Crore for Q4 FY23, which climbed by 127% QoQ and 52% YoY, Godrej Properties also recorded highest-ever quarterly net operating cashflow for Q4 FY23 of over INR 2,200 crore.

The company's highest ever quarterly sales - booking value stood at INR 4,051 crore from 5.25 million sq. ft and 12 new project and phase launches during the quarter across 6 cities during Q4FY23.

The company added 5 new residential projects across 4 cities with an estimated booking value of INR 5,750 crore and quarterly delivery reached, aggregating ~8 million sq. ft. across 5 cities during Q4FY23.

The company reported a net income of ₹1,930 Cr up by 31% YoY from ₹1,476 Cr during Q4FY22. Godrej Properties said its EBITDA surged 56% YoY from ₹403 Cr during Q4FY22 to ₹630 Cr during Q4FY23.

The company reported a profit before tax (PBT) of ₹570 during the quarter under review up by 61% YoY from ₹354 Cr during the year-ago quarter.

The firm said that it expanded its business by adding 18 projects with a combined anticipated booking value of INR 32,000 crore.

The company also reported that its quarterly and annual sales - booking value amounted at INR 4,051 crore in Q4 FY23, up 25% YoY and QoQ, and rose 56% to INR 12,232 crore for FY23.

The net profit of Godrej Properties reached ₹412 Cr during Q4FY32, up by 58% YoY from ₹260 Cr during Q4FY22.

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