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 Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..