Godrej Properties Q1FY24 Results: Consolidated PAT of Rs. 124.94 Cr

Godrej Properties Q1FY24 Results: Consolidated PAT of Rs. 124.94 Cr

Godrej Properties Q1 results show revenue fell from 1838.82 crores to 1265.98 crores, a -31.15% decrease in growth. EPS rise from ₹14.82 to ₹4.59, down by -69.03%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Godrej Properties shared its Q1 results on Wednesday. They earned 1265.98 crores in revenue this quarter, but that’s less than the 1838.82 crores they made last quarter. Unfortunately, the company’s growth decreased by -31.15 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 124.94 crores, down from 412.14 crores in the previous quarter. Their quarter-to-quarter growth decreased by -69.69 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹4.59, which is a decrease of -69.03% from the ₹14.82 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 1265.98 crores this year (2023), which is 196.90 percent higher than last year’s total revenue of 426.40 crores.

This year’s PAT (Profit After Tax) is 124.94 crores, which is also 174.29% higher than last year’s PAT of 45.55 crores.

The EPS (Earnings Per Share) for this year is ₹4.59, which is 179.88% more than the EPS of ₹1.64 earned last year.

Also Read: Orient Electric Q1FY24 Results: Consolidated PAT of Rs. 19.69 Cr

Godrej Properties Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Godrej Properties:

Godrej Properties Limited, headquartered in Mumbai, India, is a prominent real estate firm. Founded in 1990 under the guidance of Adi Godrej, it operates as a subsidiary of Godrej Industries Ltd. At present, the company is actively involved in developing projects that span an estimated area of over 89.7 million square feet.

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