Conference Call with Godrej Properties Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Realty company Godrej Properties announced Q1FY25 results: Booking value grows by 283% to Rs 8,637 crore in Q1FY25 from the sale of 8.99 million sq. ft. area. It is GPLs highest ever quarterly sales for Q1 & its second highest quarterly sales ever. GPL continued to record highest quarterly booking value amongst listed developers in India for the second consecutive quarter. The booking volume of 8.99 million sq. ft. of area is also the highest ever quarterly volume sold by any listed developer in India, surpassing GPL's previous best of 8.17 million sq. ft. in Q4 FY24. Godrej Woodscapes, Bengaluru was GPL's most successful ever launch achieving a booking value of Rs 3,156 crore from 3.40 million sq. ft. of area sold. GPL has achieved over 500% QoQ growth in sales in Bengaluru and has surpassed its full year FY24 sales in South India within the first quarter. Godrej Jardinia, Noida was GPL's most successful launch in Noida achieving a booking value of Rs 2,377 crore from 1.60 million sq. ft. of area sold. GPL has achieved booking value of over Rs 4,400 crore in Sector 146, Noida in less than a year. GPL has now achieved booking value of over Rs 2,000 crore each in 6 projects in the last 4 quarters. 8 new project and phase launches during the quarter across 5 cities Added 2 group housing projects in Pune and Bengaluru with estimated booking value of Rs 3,000 crore in Q1FY25 Collections stood at Rs 3,012 Crore for Q1FY25, a YoY growth of 54% Net operating cashflow stood at Rs 988 crore for Q1FY25, a YoY growth of 737% Delivered projects aggregating ~2.7 million sq. ft. across 3 cities in Q1FY25 Godrej Centre Hebbal, Bengaluru received occupancy certificate in Q1FY25. Leased ~1.7 lakh sq. ft. of area across 4 assets in Q1FY25 23 awards received in Q1FY25 GPL's market capitalization has crossed $10 billion for the first time in Q1FY25 Result PDF