Godrej Properties Ltd. Q4FY25 Result Analysis

Godrej Properties is one a leading real estate developer in India, known for innovation, sustainability, and quality. A subsidiary of the Godrej Group, it integrates cutting-edge design with environmentally friendly construction. The company has a strong presence in major cities like Mumbai, Bangalore, and Pune. With numerous awards to its name, Godrej Properties focuses on delivering world-class residential and commercial spaces

Result Analysis:    Godrej Properties Ltd.  (CMP: Rs. 2,249 )

Result Update: Q4FY25

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Financial Performance:

Shareholding Pattern:

Particulars (In %)	Q4FY25	Q4FY24
Promoter	46.67	58.48
FIIs	30.54	29.67
DIIs	9.33	5.56
Public & Other	13.46	6.31

Management Commentary:

• Godrej Properties Ltd. has guided for ₹32,500 crore in booking value for financial year 2026. This is well above the ₹27,000 crore it had guided for in financial year 25.
• For the FY26, Godrej is planning for launch value to the tune of ₹40,000 crore, ₹21,000 crore in customer collections and ₹20,000 crore in business development.
• It expect to deliveries of 10 million square feet in the new financial year, compared to 15 million it had guided for last year.
• For financial year 2025, Godrej Properties had surpassed its projected figures on all parameters. Its booking value was 109% of the guided figure, while launch value, customer collections and deliveries were 122%, 114% and 123% higher than the projections made at the start of the year.

Outlook:

Godrej Properties has demonstrated robust performance in FY25, surpassing all its projected targets across key metrics. With record-high bookings, collections, earnings, and deliveries, the company continues its strong growth trajectory. For FY26, it has set ambitious targets—₹32,500 crore in booking value, ₹40,000 crore in launch value, ₹21,000 crore in customer collections, and ₹20,000 crore in business development. Though delivery guidance is lower at 10 million sq. ft. compared to 15 million in FY25, Godrej’s consistent overachievement indicates strong execution capability and sustained momentum in the real estate sector. Godrej Properties has recorded an EPS of ₹49.01 in FY25, based on that the company is trading at a P/E of 46x and P/B of 3.91x.

Results:

Particulars (In Rs. Cr.)	Q4FY25	Q3FY25	Q4FY24	YoY%	QoQ%	FY25	FY24	YoY%
Revenue from operations	2121.73	968.88	1426.09	48.8	119.0	4922.84	3035.62	62.2
Other income	559.33	271.09	488.73	14.4	106.3	2044.21	1,298.60	57.4
Total Income	2681.06	1239.97	1914.82	40.0	116.2	6967.05	4334.22	60.7
Expense
cost of materials consumed	3692.59	3379.15	2711.63	36.2	9.3	11463.47	6787.01	68.9
Purchases of stock-in-trade	2.03	1.55	48.46	-95.8	31.0	19.12	178.05	-89.3
Changes in inventories of finished goods and construction work-in- progress	-2350.11	-2907.6	-1899.84	23.7	-19.2	-8558.04	-5157.03	65.9
Employee benefits expense	130.34	113.95	118.85	9.7	14.4	450.87	331.32	36.1
Finance costs	45.98	42.41	31.46	46.2	8.4	173.69	152.11	14.2
Depreciation and amortisation expense	21.07	17.69	16.08	31.0	19.1	73.66	44.56	65.3
Other expenses	536.92	354.28	324.24	65.6	51.6	1503.06	1025.95	46.5
Total Expenses	2078.82	1001.43	1350.88	53.9	107.6	5125.83	3361.97	52.5
Profit before share of (Loss)/ Profit of Joint ven. associate and tax	602.24	238.54	563.94	6.8	152.5	1841.22	972.25	89.4
Share of (Loss)/ Profit of Joint Ventures and Associate (net of tax)	-35.36	-18.28	37.05	-195.4	93.4	-118.6	27.74	-527.5
PAT	566.88	220.26	600.99	-5.7	157.4	1722.62	999.99	72.3

Source: Company website, EWL Research

 

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