Realty company Godrej Properties announced Q3FY24 & 9MFY24 results: Consolidated Q3FY24 vs Q3FY23: Total Income grew by 43% to Rs 524 crore compared to Rs 366 crore. EBITDA was Rs 152 crore compared to Rs 153 crore. Net Profit grew by 6% to Rs 62 crore compared to Rs 59 crore. EPS amounted to Rs 2.24 compared to Rs 2.11. Consolidated 9MFY24 vs 9MFY23: Total Income grew by 126% to Rs 2,410 crore compared to Rs 1,068 crore. EBITDA grew by 51% to Rs 548 crore compared to Rs 364 crore. Net Profit grew by 60% to Rs 254 crore compared to Rs 159 crore. Sales Highlights: Q3FY24 marked GPL’s highest-ever quarterly sales for the second quarter in a row, witnessing a total booking value of Rs 5,720 crore with 4.34 million sq. ft. of area sold. Booking value in 9M FY24 amounted to 106% of the booking value for the entire FY23, which was GPL's previous best year. Godrej Aristocrat, Gurugram, was GPL’s most successful ever launch, achieving a booking value of Rs 2,667 crore. Godrej Ananda, Bengaluru, achieved a booking value of Rs 574 crore. Godrej Avenue 11, MMR, launched in September 2023, achieved a booking value of Rs 687 crore within 4 months of launch. 8 new projects/phases were launched during the quarter across 5 cities. Business Development: Added 1 group housing project in Bengaluru with an estimated booking value of Rs 1,250 crore, taking the 9M FY24 count to 6 additions with an estimated booking value of Rs 8,425 crore. Other Highlights: Collections and Net Operating Cash flow grew by 43% to Rs 2,411 crore and 45% to Rs 798 crore, respectively, in Q3 FY24. Commenting on the performance of Q3FY24, Pirojsha Godrej, Executive Chairperson, Godrej Properties, said: “The residential real estate sector in India has been strong over the past three years and we believe the real estate cycle will continue to strengthen over the next few years. The significant levels of business development we have executed in previous years at favourable terms provides us the opportunity to exponentially scale our business in the years ahead. Our topmost priority is bringing these new projects to market in the upcoming quarters. We saw strong demand continue for new launches this quarter and we are delighted with the response to our project, Godrej Aristocrat in Gurugram which received bookings of more than Rs 2,600 crore within the quarter making it GPL’s most successful ever launch. We will significantly exceed our bookings guidance of Rs 14,000 crore for FY24 and we are confident of also delivering our best ever year in terms of cash collections and project deliveries.” Result PDF