Godrej Properties' net profit up 44.54% in Q3 FY23

06 Feb 2023 CW Team

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.

Infrastructure Transport

17 Oct 2025

Sonowal Unveils Eight Projects at NMPA’s Golden Jubilee

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, inaugurated the Curtain Raiser Ceremony of the Golden Jubilee Celebrations of the New Mangalore Port Authority (NMPA) at Bharat Mandapam. To commemorate the milestone, he unveiled eight major maritime infrastructure projects designed to strengthen India’s port network, enhance logistics performance, and promote sustainability. These include a modern cruise terminal, new covered storage facilities, a 150-bed multi-speciality hospital, expanded truck terminals, and improved port access infrastructure aimed at enhancing..

India To Boost US LPG Imports, Cut Middle East Reliance

India is planning to reduce imports of liquefied petroleum gas (LPG) from the Middle East as state-owned refiners prepare to ramp up purchases from the United States, according to sources familiar with the matter. The move aligns with New Delhi’s efforts to expand energy cooperation and secure a broader trade deal with Washington. State refiners have already notified their traditional LPG suppliers in Saudi Arabia, the United Arab Emirates, Kuwait and Qatar of the potential reduction in imports. Although the exact size of the supply cut was not disclosed, earlier reports suggested that Indi..

UK Sanctions Nayara Energy in Crackdown on Russian Oil

The United Kingdom has announced fresh sanctions on 90 entities, including Indian refiner Nayara Energy Limited, in its latest bid to curb Russian oil revenues and weaken President Vladimir Putin’s war funding. The sanctions, unveiled jointly by the Foreign, Commonwealth and Development Office (FCDO) and the UK Treasury, aim to disrupt networks supporting Moscow’s crude exports amid the ongoing war in Ukraine. According to the FCDO, the new restrictions are intended to “strike at the heart of Putin’s war funding” by targeting firms and assets that enable Russia’s energy trade. “..