Godrej Properties Q2 results: Net profit increases 403% at Rs 35.72 cr

03 Nov 2021 CW Team

Godrej Properties Limited (GPL) has reported an increase of 403% in its consolidated net profit for the second quarter (Q2) of FY22.

The company's profit after tax (PAT) stood at Rs 35.72 crore in Q2 FY22, compared to Rs 7.10 crore in the last fiscal year.

The net consolidated total income of the company stood at Rs 334.22 crore in Q2 FY22, with a growth of 34% from Rs 250.23 crore in the last year. The company's net worth was Rs 8,374.64 crore as of 30th September 2021.

Executive Chairman of Godrej Properties, Pirojsha Godrej, said that the real estate sector has rebounded from the first quarter to the second period. The company has a robust launch pipeline in the second half (H2) of FY22.

According to a report, Godrej registered a total booking value of Rs 2,574 crore and a total booking volume of 3.61 million sq ft in Q2 FY22, compared to Rs 1,074 crore with a total booking volume of 1.73 million sq ft in Q2 FY21.

It has also added a new project in Wadala, across 7.5 acres with a saleable area of 1.6 million sq ft in Q2 FY22, including residential apartments of various configurations. The expected revenue potential from this project is Rs 3,250 crore.

The company announced that it has exited from Godrej Sky and Sundar Sangam projects in Mumbai Metropolitan Region (MMR) because of the inability of the partners to fulfil obligations.

The development management fee in Godrej Sky was Rs 50 crore, and its expected profit before tax (PBT) was Rs 44 crore in Sundar Sangam.

Image Source

Also read: DLF Q2 results: Net profit increases 64% to Rs 378.95 cr

Infrastructure Transport

20 Jun 2025

Dassault To Build Falcon Jets In India With Reliance

Reliance Infrastructure Ltd鈥檚 subsidiary, Reliance Aerostructure, has signed an agreement with France鈥檚 Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a 鈥渟ymbol of India鈥檚 technological and manufacturing strength鈥�, adding that it aims..

Infrastructure Urban

20 Jun 2025

INDEA Lays Foundation for India鈥檚 First Auto Design School

The Indian School for Design of Automobiles (INDEA), the country鈥檚 first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India鈥檚 transition from a cost-driven to a quality-led a..

Infrastructure Transport

20 Jun 2025

Karnataka Launches Global Innovation Hub at Airport City

The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India鈥檚 innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..