Godrej Properties Q4 Results: Profit jumps 58% to Rs 412 crore; firm sees 15% rise in FY24 bookings value

Godrej Properties, an Indian real estate developer, recorded a 58.2% increase in Q4 profit and foresees a value of bookings for fiscal 2024 to rise by 15%. The company’s consolidated net profit was INR 4.12bn ($50.34m), and revenues for the quarter rose 23.7% to INR 16.46bn. Despite the rise in lending rates, Godrej Properties, Macrotech Developers, and other firms logged record sales and growth in projects due to strong demand for housing. Godrej Properties anticipates bookings of INR 140bn for this fiscal year – higher than the INR 123.32bn in fiscal 2023.