Godrej Properties Ltd's Q3FY25 Quarter Results
- 05 Feb 2025
Result Summary
- Godrej Properties Ltd reported a 7.9% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 126.1%.
- Its expenses for the quarter were down by 10.9% QoQ and up 133.4% YoY.
- The net profit decreased 52.6% QoQ and increased 152.2% YoY.
- The earnings per share (EPS) of Godrej Properties Ltd stood at 5.7 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1239.97 | 1346.54 | 548.31 | -7.9% | 126.1% |
Total Expenses | 1001.43 | 1124.13 | 429.14 | -10.9% | 133.4% |
Profit Before Tax | 238.54 | 222.41 | 119.17 | 7.3% | 100.2% |
Tax | 62.06 | -114.54 | 31.94 | -154.2% | 94.3% |
Profit After Tax | 158.20 | 333.79 | 62.72 | -52.6% | 152.2% |
Earnings Per Share | 5.70 | 12.10 | 2.20 | -52.9% | 159.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Godrej Properties Ltd is a prominent real estate company in India, part of the larger Godrej Group, which is known for its diversified business operations. The company specializes in developing residential, commercial, and township projects across major cities in India. Over the years, Godrej Properties has gained a reputation for delivering quality real estate solutions, leveraging its brand name and innovative designs to appeal to a wide range of customers. Recent developments include the launch of new residential projects and strategic partnerships to enhance its market presence. However, specific details about the current quarter's major developments are not available from the provided data.
Revenue
The financial data for Q3FY25 indicates that Godrej Properties Ltd reported a total income of ₹1239.97 crores. This represents a sequential decrease of 7.9% compared to the previous quarter (Q2FY25), where the total income stood at ₹1346.54 crores. On a year-over-year basis, the company experienced a significant increase of 126.1%, with the total income in Q3FY24 being ₹548.31 crores. The variations in revenue reflect the company's performance dynamics over the past year, highlighting a substantial growth in income compared to the same quarter of the previous year, despite a decline from the previous quarter.
Profitability
Godrej Properties Ltd's profitability measures show varied results for Q3FY25. The profit before tax was ₹238.54 crores, marking an increase of 7.3% from ₹222.41 crores in Q2FY25. Year-over-year, this figure doubled, with a 100.2% increase from ₹119.17 crores in Q3FY24. Tax expenses for the current quarter were ₹62.06 crores, contrasting with a tax credit of ₹114.54 crores in the previous quarter, and an increase from ₹31.94 crores in Q3FY24. The profit after tax was ₹158.20 crores, showing a decline of 52.6% from the preceding quarter's ₹333.79 crores, but an increase of 152.2% compared to the ₹62.72 crores reported in the same quarter last year. These figures highlight the fluctuations in post-tax profitability metrics over different periods.
Operating Metrics
Analyzing the operating metrics, the earnings per share for Q3FY25 was ₹5.70, reflecting a decrease of 52.9% from ₹12.10 in Q2FY25. However, this was a significant increase of 159.1% from ₹2.20 in Q3FY24. The operating expenses totaled ₹1001.43 crores, which was a decrease of 10.9% from ₹1124.13 crores in the previous quarter, and an increase of 133.4% from ₹429.14 crores in the same quarter of the previous year. These operating metrics demonstrate shifts in expense management and earnings distribution, with notable changes in the company's cost structure and earnings per share over time.
