Godrej Properties (GPL) Shares Skyrocket by 7% Following Record-Breaking Q4 Profits

• Godrej Properties, a leading Indian real estate developer, has seen a 7% surge in its shares, reaching ₹2,748 each during early trading on Monday.
• This surge is a result of the company’s impressive performance in the quarter ending March and the entire fiscal year FY24.
• The company achieved its highest-ever quarterly sales for the third consecutive quarter in Q4FY24, with a booking value of ₹9,519 crore, reflecting a year-on-year growth of 135%.

Godrej Properties sees a 7% surge in shares following an impressive performance in Q4FY24 and FY24, achieving its highest-ever quarterly sales for the third consecutive quarter.

Record-Breaking Performance in Q4FY24

Godrej Properties’ exceptional performance was driven by the sale of 8.17 million sq. ft of area. This marks the highest-ever quarterly sales reported by a listed developer in India to date. Its booking value in Q4 FY24 has surpassed the booking value for the entire FY22, as per the company’s investor presentation. In Q4 FY24, the company’s collections stood at ₹4,693 crore, marking a substantial year-on-year growth of 23%.

Robust Sales Figures and Profit

Buoyed by robust sales figures, the company reported its highest-ever quarterly profit of ₹471.26 crore in the March q... Read the full article for FREE at COINOTAG!