Godrej Properties registers net profit of Rs 38.95 cr in Q3 FY22

04 Feb 2022 CW Team

Godrej Properties Limited registered a profit after tax (PAT) of Rs 38.95 crore in the third quarter (Q3) of FY22, compared to Rs 14.35 crore during the same period last year. The company registered 171% growth in its consolidated net profit during the December-end quarter of 2020.

Its consolidated net income stood at Rs 466.91 crore in Q3 FY22, registering 50% growth from Rs 311.12 crore during the same quarter last year.

Executive Chairman of Godrej Properties, Pirojsha Godrej, said that the company's sales were muted in Q3 because several planned launches witnessed minor delays. The company aims at many new projects to have a strong portfolio in FY23.

During nine months, the company granted 30,640 new stocks to the eligible employees under the Employee Stock Grant Scheme (ESGS).The nine months ended on 31 December 2021. It has allotted 44,536 equity shares under ESGS.

Additionally, the company launched three new projects in Q3 FY22 and delivered 0,08 million sq ft land in Mumbai Metropolitan Region (MMR) in Q3 FY22.

Two residential plots have a sealable area of about 1.6 million sq ft in Bengaluru. The project is an outright purchase of land in Sarjapur spread across 10 acres of land. However, it will offer about 1.5 million sq ft of saleable area. The expected revenue potential from the project is about Rs 900 crore.

In the National Capital Region (NCR), the project is a joint venture (JV) with TDI Group to develop a residential project in Connaught Place. The project is expected to have a development potential saleable area of about 0.13 million sq ft. The expected revenue potential from the project is nearly Rs 650 crore.

Image Source

Also read: Godrej Properties partners with TDI group to develop housing project

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..