Godrej Properties reported ₹740 crore in Q2 revenue, down 32% YoY, while net profit rose 21% to ₹405 crore. The dip in revenue reflects slower project recognition, but strong margins and collections boosted profitability. The company remains optimistic about future growth, backed by a healthy project pipeline and operational focus.
Godrej Properties Ltd reported its financial results for the September quarter (Q2 FY2025), showcasing a mixed performance. The company posted a consolidated revenue from operations of ₹740 crore, down 32% year-on-year, while net profit surged 21% YoY to ₹405 crore, reflecting strong profitability despite slower project recognition.
Key highlights:
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Revenue dipped from ₹1,093 crore last year, attributed to timing differences in project completions and recognition.
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Net profit rose to ₹405 crore, up from ₹335 crore in Q2 FY2024, driven by improved margins and cost efficiencies.
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EBITDA turned negative at ₹513 crore, compared to a profit of ₹32 crore last year, indicating pressure on operating performance.
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Domestic demand remained steady, while new launches and collections supported bottom-line growth.
Despite the revenue decline, the company’s profitability signals resilience and strategic execution. Management remains optimistic about future quarters, citing a robust pipeline of projects and continued focus on operational efficiency.
Sources: Business Upturn, The Hindu Business Line, Business Standard