Godrej Properties’ Consolidated Financials for Q1 FY25 Results
Godrej Properties Limited (GPL), a leading national real estate developer, announced its financial results for the first quarter ended June 30, 2024.
City Air News
Jul 31, 2024 01:32
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Bengaluru, July 31, 2024: Godrej Properties Limited (GPL), a leading national real estate developer, announced its financial results for the first quarter ended June 30, 2024.
Commenting on the performance of Q1 FY2025, Mr. Pirojsha Godrej, Executive Chairperson, Godrej Properties Limited, said, “Godrej Properties delivered another robust quarter registering a multi-fold growth in bookings, operating cashflows, and earnings. The residential real estate sector in India has been strong over the past three years and we believe the sectoral tailwinds will continue over the next few years. The significant levels of business development we have executed in previous years at favourable terms continue to allow us to scale our bookings and in turn our earnings. With a robust launch pipeline, strong balance sheet, and resilient demand, we are on-track to achieve our bookings target of INR 27,000 crore in FY25 while also achieving our highest ever deliveries and collections performance.”
