Godrej Properties Reports 7.41% Q2 FY24 Profit Growth

02 Nov 2023 CW Team

(337 words remaining)

Leading real estate developer Godrej Properties has witnessed a significant growth in its net profit for the second quarter of the fiscal year 2023-24 (Q2 FY24). The company's latest financial report reveals a commendable 7.41% increase in its net profit, reflecting its robust performance in the real estate market.

Godrej Properties' Q2 FY24 net profit stands at INR 129.9 crore, showing a steady growth when compared to the same quarter's income of INR 121 crore in the previous fiscal year. This positive trend highlights the company's ability to sustain its profitability and adapt to a dynamic market environment.

The strong performance can be attributed to several strategic moves made by Godrej Properties. The company has consistently focused on delivering quality projects and expanding its footprint across diverse locations. Its commitment to customer-centricity, stringent project execution, and timely delivery have been instrumental in gaining the trust and satisfaction of homebuyers.

Additionally, Godrej Properties has been actively exploring novel opportunities and partnerships to further enhance its growth trajectory. The company recently entered into a joint venture with Oxford Group to develop a residential project at Pune's Bavdhan locality. This collaboration exemplifies Godrej Properties' keenness to leverage the market potential and strengthen its foothold in emerging markets.

The real estate sector in India has been recovering steadily, overcoming challenges posed by the pandemic. As the industry continues its growth trajectory, Godrej Properties has proactively aligned its strategies to capitalize on rising demand. With a diverse portfolio of residential, commercial, and township projects across major cities, the company is well-positioned to cater to the evolving needs of homebuyers.

The positive growth showcased by Godrej Properties in Q2 FY24 is a reflection of its resilience and adaptability during these challenging times. The company's consistent focus on quality, customer satisfaction, and strategic partnerships instills confidence in its ability to navigate the market dynamics successfully.

With a solid financial performance in Q2 FY24 and a strong project pipeline, Godrej Properties aims to sustain its growth momentum and continue delivering innovative and sustainable real estate solutions to its discerning customers.

(337 words remaining) Leading real estate developer Godrej Properties has witnessed a significant growth in its net profit for the second quarter of the fiscal year 2023-24 (Q2 FY24). The company's latest financial report reveals a commendable 7.41% increase in its net profit, reflecting its robust performance in the real estate market. Godrej Properties' Q2 FY24 net profit stands at INR 129.9 crore, showing a steady growth when compared to the same quarter's income of INR 121 crore in the previous fiscal year. This positive trend highlights the company's ability to sustain its profitability and adapt to a dynamic market environment. The strong performance can be attributed to several strategic moves made by Godrej Properties. The company has consistently focused on delivering quality projects and expanding its footprint across diverse locations. Its commitment to customer-centricity, stringent project execution, and timely delivery have been instrumental in gaining the trust and satisfaction of homebuyers. Additionally, Godrej Properties has been actively exploring novel opportunities and partnerships to further enhance its growth trajectory. The company recently entered into a joint venture with Oxford Group to develop a residential project at Pune's Bavdhan locality. This collaboration exemplifies Godrej Properties' keenness to leverage the market potential and strengthen its foothold in emerging markets. The real estate sector in India has been recovering steadily, overcoming challenges posed by the pandemic. As the industry continues its growth trajectory, Godrej Properties has proactively aligned its strategies to capitalize on rising demand. With a diverse portfolio of residential, commercial, and township projects across major cities, the company is well-positioned to cater to the evolving needs of homebuyers. The positive growth showcased by Godrej Properties in Q2 FY24 is a reflection of its resilience and adaptability during these challenging times. The company's consistent focus on quality, customer satisfaction, and strategic partnerships instills confidence in its ability to navigate the market dynamics successfully. With a solid financial performance in Q2 FY24 and a strong project pipeline, Godrej Properties aims to sustain its growth momentum and continue delivering innovative and sustainable real estate solutions to its discerning customers.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..