+
Godrej Properties' net profit up 44.54% in Q3 FY23
Real Estate

Godrej Properties' net profit up 44.54% in Q3 FY23

In the three months that concluded on December 31, 2022, Godrej Properties (GPL) said its net consolidated profit increased by 44.54 percent. The company said in a BSE filing that its profit after tax (PAT) increased to 564 million in Q3 FY23 from 390.2 million in the same period of the previous year.

In Q3 FY23, the company's net consolidated income was 4045.8 million, down 13.35 percent from the 4669.1 million it reported in the same quarter the previous year.

Executive Chairman of the Company, Pirojsha Godrej, remarked, "The best quarter ever for sales bookings and business development were two of the third quarter's highlights for GPL. This puts us in a good position to exceed our FY23 bookings target of $100,000,000,000 and to rapidly expand on this base in the coming years.

According to the Employee Stock Grant Scheme, the corporation granted 30,869 additional shares of stock to qualified employees during the nine months that concluded on December 31, 2022. (ESGS). Additionally, the business reported in the regulatory filing that during the nine months that ended December 31, 2022, it allotted 32,897 equity shares following the exercise of stock grants made under the employee stock grant programme.

According to a press release from the company, its booking value increased by 111% to 32,520 million, and its 9-month FY23 bookings increased by 77% year over year to 81,810 million.

In the three months that concluded on December 31, 2022, Godrej Properties (GPL) said its net consolidated profit increased by 44.54 percent. The company said in a BSE filing that its profit after tax (PAT) increased to 564 million in Q3 FY23 from 390.2 million in the same period of the previous year. In Q3 FY23, the company's net consolidated income was 4045.8 million, down 13.35 percent from the 4669.1 million it reported in the same quarter the previous year. Executive Chairman of the Company, Pirojsha Godrej, remarked, The best quarter ever for sales bookings and business development were two of the third quarter's highlights for GPL. This puts us in a good position to exceed our FY23 bookings target of $100,000,000,000 and to rapidly expand on this base in the coming years. According to the Employee Stock Grant Scheme, the corporation granted 30,869 additional shares of stock to qualified employees during the nine months that concluded on December 31, 2022. (ESGS). Additionally, the business reported in the regulatory filing that during the nine months that ended December 31, 2022, it allotted 32,897 equity shares following the exercise of stock grants made under the employee stock grant programme. According to a press release from the company, its booking value increased by 111% to 32,520 million, and its 9-month FY23 bookings increased by 77% year over year to 81,810 million.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code