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.

Equipment

09 Jan 2026

BKT Partners All Teams in India’s Women’s T20 League

Balkrishna Industries (BKT), a global leader in the off-highway tyre market, announced its association as the Official Tyre Partner for all five teams competing in India’s premier women’s T20 championship – Mumbai Indians, Royal Challengers Bangalore, Delhi Capitals, Gujarat Giants, and UP Warriorz – for the upcoming season. This move reinforces BKT’s commitment to using sport as a platform for inclusion, opportunity, and long-term development.These partnerships reflect BKT’s belief in the transformative power of sport, particularly in advancing women’s participation and creating..

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..