Godrej Properties Q3 Results: Net Debt Down 49% to ₹3,848 Crore on Strong Cash Flow and Equity Fundraise
Godrej Properties Significantly Cuts Debt in Q3 FY25
Godrej Properties Ltd has reported a remarkable 49% reduction in net debt, bringing it down to ₹3,848 crore in the December quarter. This significant decline is attributed to robust internal cash flow and an equity fundraise of ₹6,000 crore through a Qualified Institutional Placement (QIP).
Strategic Fund Utilization for Expansion
Pirojsha Godrej, Executive Chairperson of Godrej Properties, emphasized that the raised capital would be strategically deployed for acquiring land across major metropolitan cities. This move aligns with the company's growth strategy to expand its real estate footprint in key markets.
Key Financial Highlights
- Net debt: Reduced to ₹3,848 crore, a 49% decline from ₹7,572 crore as of September 30, 2024.
- Net debt-to-equity ratio: Improved to 0.23.
- Customer collections from pre-sales: Increased by 27% YoY to ₹3,069 crore in Q3 FY25.
- Sales bookings: Godrej Properties led the real estate sector in 2024 with properties worth ₹28,800 crore sold.
Surge in Profit and Revenue
Godrej Properties posted a strong performance in the December quarter, with its consolidated net profit surging over 2.5 times to ₹162.64 crore, compared to ₹62.27 crore in the same quarter last year. The company’s total revenue also more than doubled to ₹1,239.97 crore, up from ₹548.31 crore in Q3 FY24.
Performance Over Nine Months (April-December FY25)
- Net profit: ₹1,017.90 crore, a significant rise from ₹254.01 crore in the previous year.
- Total revenue: ₹4,285.99 crore, up from ₹2,419.40 crore in the corresponding period last year.
Market Presence and Growth Plans
Godrej Properties has strengthened its position as one of India’s leading real estate developers, maintaining a strong presence in major markets such as the Mumbai Metropolitan Region (MMR), Pune, Delhi-NCR, and Bengaluru. The company’s aggressive expansion strategy, fueled by the QIP fundraise, is expected to drive further growth in the coming quarters.
Final Thoughts
The latest financial results highlight Godrej Properties’ strong financial discipline and strategic vision. The sharp reduction in net debt, coupled with a surge in revenue and profit, positions the company well for sustained growth in India’s real estate market.
Investors and industry analysts will be closely watching how the company deploys its capital in the coming months, especially in acquiring new land parcels to further enhance its portfolio.
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