Consolidated net sales (including other operating income) of Godrej Properties has increased 218.73% to Rs 1093.23 crore.
Operating profit margin (OPM) has turned from negative 17.98% to positive 2.92%, Operating profit for the quarter stood at Rs 31.91 crore compared to loss of Rs 61.66 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 81.19% to 78.96%. Employee cost decreased from 7.60% to 4.70%. Other expenses fell from 17.61% to 14.86%. Other income fell 3.36% to Rs 253.31 crore. PBIDT rose 42.29% to Rs 285.22 crore. Provision for interest fell 7.21% to Rs 44.55 crore. PBDT rose 57.88% to Rs 240.67 crore. Provision for depreciation rose 147.09% to Rs 18.26 crore. Profit before tax grew 53.33% to Rs 222.41 crore. Share of profit/loss was 90.60% higher at Rs -3.16 crore. Provision for tax was credit of Rs 114.54 crore, compared to debit of Rs 38.78 crore. Effective tax rate was negative 52.24% compared to 34.81%. Net profit attributable to owners of the company increased 401.81% to Rs 335.21 crore. For year-to-date (YTD) results analysis. Net sales (including other operating income) of Godrej Properties has increased 43.24% to Rs 1832.23 crore. Sales of Real Estate segment has gone up 39.72% to Rs 1,787.19 crore (accounting for 97.54% of total sales). Profit before interest, tax and other unallocable items (PBIT) has jumped 207.38% to Rs 935.48 crore. PBIT of Real Estate segment rose 205.94% to Rs 931.09 crore (accounting for 99.53% of total PBIT). PBIT margin of Real Estate segment rose from 23.79% to 52.10%. Overall PBIT margin rose from 23.79% to 51.06%. Operating profit margin has jumped from negative 16.49% to negative 5.08%, leading to 55.82% rise in operating profit to Rs -93.15 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 81.35% to 85.57%. Employee cost decreased from 5.66% to 4.02%. Other expenses fell from 22.00% to 11.92%. Other income rose 105.03% to Rs 1213.79 crore. PBIDT rose 194.02% to Rs 1120.64 crore. Provision for interest rose 9.81% to Rs 85.3 crore. Loan funds rose to Rs 13,589.81 crore as of 30 September 2024 from Rs 10,262.47 crore as of 30 September 2023. Inventories rose to Rs 25,911.98 crore as of 30 September 2024 from Rs 17,028.75 crore as of 30 September 2023. Sundry debtors were lower at Rs 339.05 crore as of 30 September 2024 compared to Rs 401.85 crore as of 30 September 2023. Cash and bank balance rose to Rs 3,567.84 crore as of 30 September 2024 from Rs 1,366.21 crore as of 30 September 2023. Investments rose to Rs 4,561.71 crore as of 30 September 2024 from Rs 4,372.87 crore as of 30 September 2023 . PBDT rose 241.18% to Rs 1035.34 crore. Provision for depreciation rose 143.72% to Rs 34.9 crore. Fixed assets increased to Rs 1,270.92 crore as of 30 September 2024 from Rs 992.85 crore as of 30 September 2023. Intangible assets declined from Rs 15.41 crore to Rs 0.07 crore. Profit before tax grew 246.01% to Rs 1,000.44 crore. Provision for tax was expense of Rs 82.89 crore, compared to Rs 98.01 crore. Effective tax rate was 8.86% compared to 32.20%.Net profit attributable to owners of the company increased 346.05% to Rs 855.26 crore. Equity capital increased from Rs 139.02 crore as of 30 September 2023 to Rs 139.03 crore as of 30 September 2024. Per share face Value remained same at Rs 5.00. Promoters’ stake was 58.48% as of 30 September 2024 ,compared to 58.48% as of 30 September 2023 . Cash flow from operating activities increased to negative Rs -924.87 crore for YTD ended September 2024 from negative Rs -1,314.41 crore for YTD ended September 2023. Cash flow used in acquiring fixed assets during the YTD ended September 2024 stood at Rs 69.82 crore, compared to Rs 105.80 crore during the YTD ended September 2023.
| Godrej Properties : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202409 | 202309 | Var.(%) | 202409 | 202309 | Var.(%) | 202403 | 202303 | Var.(%) |
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| Net Sales (including other operating income) | 1,093.23 | 343.00 | 218.73 | 1,832.23 | 1,279.09 | 43.24 | 3,035.62 | 2,252.26 | 34.78 | | OPM (%) | 2.92 | -17.98 | 2,090 bps | -5.08 | -16.49 | 1,140 bps | -4.27 | 10.99 | -1,527 bps | | OP | 31.91 | -61.66 | LP | -93.15 | -210.86 | 55.82 | -129.68 | 247.63 | PL | | Other Inc. | 253.31 | 262.11 | -3.36 | 1,213.79 | 592.00 | 105.03 | 1,298.60 | 786.74 | 65.06 | | PBIDT | 285.22 | 200.45 | 42.29 | 1,120.64 | 381.14 | 194.02 | 1,168.92 | 1,034.37 | 13.01 | | Interest | 44.55 | 48.01 | -7.21 | 85.30 | 77.68 | 9.81 | 152.11 | 174.23 | -12.70 | | PBDT | 240.67 | 152.44 | 57.88 | 1,035.34 | 303.46 | 241.18 | 1,016.81 | 860.14 | 18.21 | | Depreciation | 18.26 | 7.39 | 147.09 | 34.9 | 14.32 | 143.72 | 44.56 | 24.14 | 84.59 | | PBT | 222.41 | 145.05 | 53.33 | 1000.44 | 289.14 | 246.01 | 972.25 | 836 | 16.30 | | Share of Profit/(Loss) from Associates | -3.16 | -33.63 | 90.60 | -64.96 | 15.2 | PL | 27.74 | -40.73 | LP | | PBT before EO | 219.25 | 111.42 | 96.78 | 935.48 | 304.34 | 207.38 | 999.99 | 795.27 | 25.74 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 219.25 | 111.42 | 96.78 | 935.48 | 304.34 | 207.38 | 999.99 | 795.27 | 25.74 | | Taxation | -114.54 | 38.78 | LP | 82.89 | 98.01 | -15.43 | 252.93 | 174.67 | 44.80 | | PAT | 333.79 | 72.64 | 359.51 | 852.59 | 206.33 | 313.22 | 747.06 | 620.6 | 20.38 | | Minority Interest (MI) | -1.42 | 5.84 | LP | -2.67 | 14.59 | LP | 21.79 | 49.21 | -55.72 | | Net profit | 335.21 | 66.8 | 401.81 | 855.26 | 191.74 | 346.05 | 725.27 | 571.39 | 26.93 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 335.21 | 66.8 | 401.81 | 855.26 | 191.74 | 346.05 | 725.27 | 571.39 | 26.93 | | EPS (Rs)* | 7.92 | 2.40 | 229.63 | 30.76 | 6.90 | 346.05 | 26.08 | 20.55 | 26.93 | | | * EPS is on current equity of Rs 139.03 crore, Face value of Rs 5, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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| Godrej Properties : Consolidated Segment Results | td>-| | Quarter ended | Year to Date | Year ended |
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| % of (Total) | 202409 | 202309 | Var.(%) | % of (Total) | 202409 | 202309 | Var.(%) | % of (Total) | 202403 | 202303 | Var.(%) |
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| Sales | | Real Estate | 97.99 | 1,071.24 | 343.00 | 212.31 | 97.54 | 1,787.19 | 1,279.09 | 39.72 | 98.66 | 2,994.96 | 2,252.26 | 32.98 | | Hospitality | 2.01 | 21.99 | 0.00 | - | | Total Reported Sales | 100.00 | 1,093.23 | 343.00 | 218.73 | 100.00 | 1,832.23 | 1,279.09 | 43.24 | 100.00 | 3,035.62 | 2,252.26 | 34.78 | | Less: Inter segment revenues | | 0.00 | 0.00 | - | | 0.00 | 0.00 | | 0.00 | 0.00 | - | | Net Sales | 100.00 | 1,093.23 | 343.00 | 218.73 | 100.00 | 1,832.23 | 1,279.09 | 43.24 | 100.00 | 3,035.62 | 2,252.26 | 34.78 | | PBIT | | Real Estate | 99.29 | 217.70 | 111.42 | 95.39 | 99.53 | 931.09 | 304.34 | 205.94 | 99.95 | 999.48 | 795.27 | 25.68 | | Hospitality | 0.71 | 1.55 | 0.00 | - | | Total PBIT | 100.00 | 219.25 | 111.42 | 96.78 | 100.00 | 935.48 | 304.34 | 207.38 | 100.00 | 999.99 | 795.27 | 25.74 | | Less : Interest | | 0.00 | 0.00 | - | | 0.00 | 0.00 | - | | 0.00 | 0.00 | - | | Add: Other un-allcoable | | 0.00 | 0.00 | - | | 0.00 | 0.00 | - | | 0.00 | 0.00 | - | | PBIT Margin(%) | | Real Estate | | 20.32 | 32.48 | -1,216.17 | | 52.10 | 23.79 | 2,830.45 | | 33.37 | 35.31 | -193.78 | | Hospitality | | 7.05 | 0.00 | 704.87 | | 9.75 | 0.00 | 974.69 | | 1.25 | 0.00 | 125.43 | | PBT | 100.00 | 219.25 | 111.42 | 96.78 | 100.00 | 935.48 | 304.34 | 207.38 | 100.00 | 999.99 | 795.27 | 25.74 |
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