Godrej Properties Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 06, 2024 at 02:13 am EST
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Godrej Properties Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 3,304.4 million compared to INR 1,962.3 million a year ago. Revenue was INR 5,483.1 million compared to INR 4,045.8 million a year ago. Net income was INR 622.7 million compared to INR 587.4 million a year ago. Basic earnings per share from continuing operations was INR 2.24 compared to INR 2.11 a year ago. Diluted earnings per share from continuing operations was INR 2.24 compared to INR 2.11 a year ago.
For the nine months, sales was INR 16,095.3 million compared to INR 6,059.9 million a year ago. Revenue was INR 24,194 million compared to INR 12,001.8 million a year ago. Net income was INR 2,540.1 million compared to INR 1,592.5 million a year ago. Basic earnings per share from continuing operations was INR 9.14 compared to INR 5.73 a year ago. Diluted earnings per share from continuing operations was INR 9.14 compared to INR 5.73 a year ago.
Godrej Properties Limited is an India-based company that is engaged in the business of real estate construction, development and other related activities. The Company operates through the development of the real estate property segment. It operates through the Godrej brand. Its projects include Godrej Avenues, Godrej Reserve, Godrej Icon, Godrej Air - Phase 1, Godrej 101, Godrej United, Godrej Platinum and Godrej Two. The Company has its presence in Mumbai Metropolitan Region (MMR), National Capital Region, Pune, Bangalore, Kolkata, Ahmedabad, Nagpur, Chennai, Hyderabad and Chandigarh. The Company holds 12.5 acres of land in the southern cityâs Rajendra Nagar locality, Hyderabad. It also owns three-acres of land in Kokapet, Hyderabad. Its subsidiaries include Godrej Realty Private Limited, Godrej Garden City Properties Private Limited, Godrej Prakriti Facilities Private Limited, Godrej Genesis Facilities Management Private Limited, and Godrej Hillside Properties Private Limited.