Godrej Properties Ltd.Record Q3 Performance, 4.8% Market Share

Godrej Properties delivered its strongest Q3 performance with booking value surging fifty-five percent year-on-year to rupees eight thousand four hundred twenty-one crores, marking the highest third quarter ever.

The company achieved net profit of rupees one hundred ninety-five crores, up twenty percent year-on-year, while EBITDA grew twenty-one percent to rupees three hundred thirty-eight crores. For the nine-month period, booking value reached rupees twenty-four thousand crores, representing seventy-four percent of the annual guidance of rupees thirty-two thousand five hundred crores, which management remains confident of exceeding.

The company has cemented its position as India's largest residential developer by bookings and collections, doubling market share to four point eight percent from two point four percent in calendar year twenty-one. Geographic diversification was exceptional, with over rupees three thousand crores sales achieved in five different markets. Business development exceeded expectations with twelve new projects worth rupees twenty-five thousand crores added in nine months, achieving one hundred twenty-three percent of annual guidance.

Management highlighted a robust inventory pipeline of rupees one lakh thirty-five thousand crores providing multi-year growth visibility, with debt-to-equity maintained comfortably at zero point three seven against a target cap of zero point five.