Godrej Properties Ltd Announces its Consolidated Financials for Q4 FY23 Results.
For FY23, added 18 new projects with an estimated revenue potential of ~INR 32,000 crore, more than double the BD guidance of INR 15,000 Crore of estimated booking value for FY23.
Other Highlights
- Highest ever collection of INR 3,822 crore for Q4FY23 and INR 8,991 crores for FY23 leading to net operating cash flow growth of 115% YoY to INR 2,245 crore in Q4 FY23 and 101% to INR 3,533 crores in FY23
- Delivered ~8 million sq. ft. across 5 cities in Q4 FY23 taking overall deliveries for FY23 to ~10.5 miilion sq. ft.
- GPL received 17 awards in Q4 FY23 and a total of 91 awards in FY23
Commenting on the performance of Q4 FY2023, Mr. Pirojsha Godrej, Executive Chairperson, Godrej Properties Limited, said:
“Residential real estate demand in India has been strong throughout FY 23 and leading developers have benefited from both sectoral growth as well as market share gains. Godrej Properties delivered a well-rounded performance in FY 23 registering its best ever business development, bookings, cash collections, earnings, and deliveries. With a robust launch pipeline, strong balance sheet, and sectoral tailwinds, we are confident of building on this momentum in FY24.”
Financial Overview (Consolidated)
Q4 FY23 performance overview compared with Q4 FY22
· Total Income grew by 31% to INR 1,930 crore as compared to INR 1,476 crore
· EBITDA grew by 56% to INR 630 crore as compared to INR 403 crore
· Net Profit grew by 58% to INR 412 crore as compared to INR 260 crore
· EPS# amounted to INR 14.82 as compared to INR 9.37
#not annualised
FY2023 performance overview compared with FY2022
· Total Income grew by 25% to INR 2,998 crore as compared to INR 2,397 crore
· EBITDA grew by 41% to INR 994 crore as compared to INR 705 crore
· Net Profit grew by 62% to INR 571 crore as compared to INR 352 crore
· EPS amounted to INR 20.55 as compared to INR 12.68
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