EBITDA rose 56% to Rs 630 crore in Q4 FY23 compared with Rs 403 crore in Q4 FY22. EBITDA margin stood at 32.6% as on 31 March 2023 as against 27.3% as on 31 March 2022.

On the operational front, total booking value increased by 25% to Rs 4,051 crore in Q4 FY23 as compared with Rs 3,248 crore posted in Q4 FY22. Total booking volume rose 24% to 5.25 million sq. ft. in Q4 FY23 as compared to 4.24 million sq. ft. in Q4 FY22.

The company said for the financial year to date, it added 18 new projects with an estimated revenue potential of Rs 32,000 crore against guidance of Rs 15,000 crore for full year FY23.

The company said that it has added 5 new projects in Bengaluru, Pune, Chennai, Khalapur, Chembur with an estimated booking value of Rs 5,750 crore.

On full year basis, the company's consolidated net profit jumped 62% to Rs 571 crore on 25% rise in Total income to Rs 2,998 crore in FY23 over FY22.

Pirojsha Godrej, executive chairperson, Godrej Properties, said, “Residential real estate demand in India has been strong throughout FY 23 and leading developers have benefited from both sectoral growth as well as market share gains. Godrej Properties delivered a well-rounded performance in FY 23 registering its best ever business development, bookings, cash collections, earnings, and deliveries. With a robust launch pipeline, strong balance sheet, and sectoral tailwinds, we are confident of building on this momentum in FY24.”

The board has approved the raising of funds by issuance of non convertible debentures, bonds and other debt securities on private placement basis, in one or more tranches for an amount not exceeding to Rs 2000 crore.

Godrej Properties is the real estate arm of the Godrej Group. It is subsidiary of Godrej Industries, which holds 58.48% of the company's equity shares as on 31 March 2023. The company currently operates in various cities and focuses on residential, commercial, and township development.

The scrip rose 0.13% to Rs 1,329.80 on the BSE.