Godrej Properties Q2 results: Net profit increases 403% at Rs 35.72 cr

03 Nov 2021 CW Team

Godrej Properties Limited (GPL) has reported an increase of 403% in its consolidated net profit for the second quarter (Q2) of FY22.

The company's profit after tax (PAT) stood at Rs 35.72 crore in Q2 FY22, compared to Rs 7.10 crore in the last fiscal year.

The net consolidated total income of the company stood at Rs 334.22 crore in Q2 FY22, with a growth of 34% from Rs 250.23 crore in the last year. The company's net worth was Rs 8,374.64 crore as of 30th September 2021.

Executive Chairman of Godrej Properties, Pirojsha Godrej, said that the real estate sector has rebounded from the first quarter to the second period. The company has a robust launch pipeline in the second half (H2) of FY22.

According to a report, Godrej registered a total booking value of Rs 2,574 crore and a total booking volume of 3.61 million sq ft in Q2 FY22, compared to Rs 1,074 crore with a total booking volume of 1.73 million sq ft in Q2 FY21.

It has also added a new project in Wadala, across 7.5 acres with a saleable area of 1.6 million sq ft in Q2 FY22, including residential apartments of various configurations. The expected revenue potential from this project is Rs 3,250 crore.

The company announced that it has exited from Godrej Sky and Sundar Sangam projects in Mumbai Metropolitan Region (MMR) because of the inability of the partners to fulfil obligations.

The development management fee in Godrej Sky was Rs 50 crore, and its expected profit before tax (PBT) was Rs 44 crore in Sundar Sangam.

Image Source

Also read: DLF Q2 results: Net profit increases 64% to Rs 378.95 cr

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..