Godrej Properties records highest-ever quarterly bookings, share price up 5%

The stock climbed 5.34% to ₹2,030 apiece on the National Stock Exchange (NSE) at 9:21 am.

In an exchange filing, the company said its booking value grew 87% quarter-on-quarter (QoQ) and 7% year-on-year (YoY) to ₹10,163 crore in the fourth quarter of the financial year 2024-25 by selling 3,703 homes.

Sales in the January-March quarter were driven by strong demand in key projects such as Godrej Riverine in Noida, Godrej Astra in Gurugram, and Godrej Madison Avenue in Hyderabad.

The booking value for the fiscal year 2025 grew 31% YoY to ₹29,444 crore, achieved via the sale of 15,302 homes.

Gaurav Pandey, the company's Managing Director and Chief Executive Officer (CEO), said, “We are delighted to have crossed ₹10,000 crore in sales bookings for the first time in Q4 FY25. Our sales bookings over the last 3 years have compounded at an annual growth rate of 55%. Through this, GPL has completely reset the scale of its operations and for the second consecutive year is the largest real estate developer in India by booking value."

He said that business development additions with a future booking value of ₹26,450 crore in FY25 will make sure that the company has a strong launch pipeline in the years ahead.

"Furthermore, the equity capital of ₹6,000 crore we raised through a QIP in December 2024 combined with the record operating cash flow we generated in FY25 will enable us to continue to invest for growth. We have built a deep understanding across the key real estate markets in India and are greatly excited by the potential the next several years offer for us to deliver sustained high-quality performance across all key operating metrics," Pandey added.