Q4 FY18 Results
126% YoY growth in net profit in Q4 FY18
210% YoY growth in the value of bookings in Q4 FY18
79% YoY growth in revenue in Q4 FY18
Highest ever sales in a financial year by GPL – booking value of INR 5,083 crore
is likely to be the highest booking value achieved by any publicly listed real
estate developer in India in FY18
152% YoY growth in the value of bookings in FY18
Sales of more than INR 1,000 Cr for the fourth consecutive quarter
May 04, 2018
Godrej Properties Limited (GPL), a leading national real estate
developer, announced its financial results for the fourth quarter ended March 31, 2018.
CORPORATE HIGHLIGHTS:
Sales Highlights
Q4 FY18 witnessed total booking value of INR 1,054 crore and total booking volume
of 1.47 million sq. ft. as compared to total booking value of INR 340 crore and total
booking volume of 0.59 million sq. ft. in Q4 FY17
FY18 witnessed total booking value of INR 5,083 crore and total booking volume of
6.26 million sq. ft. as compared to total booking value of INR 2,020 crore and total
booking volume of 3.11 million sq. ft. in Q4 FY17
Sales in FY18 higher than in any other financial year
Business Development
Added 4 new projects with 6 million sq. ft. of saleable area in Q4 FY18
Devanhalli, North Bangalore
Entered into a partnership to develop a 100 acres land parcel with saleable area of
2.15 million sq. ft. on NH-648 near Devanahalli Town in North Bangalore
Electronic City, South Bangalore
Entered into a partnership to develop a modern residential housing project of ~1.4
million sq. ft. with an option to further increase it to 2 million sq. ft. at Electronic City
Phase – I in South Bangalore
Noida Expressway, NCR
Entered into development management agreement to develop a residential housing
project with saleable area of 1.7 million sq. ft. in the Noida Expressway micro market
Sector 3, Gurgaon
Entered into a partnership to develop modern group housing project with saleable
area of 0.75 million sq. ft.
Commenting on the performance of Q4 FY2018, Mr. Pirojsha Godrej, Executive
Chairman, Godrej Properties Limited, said:
“We have completed the best ever year in GPL’s history. The total value of bookings in FY18
stood at INR 5,083 crore which represents a 152% year-on-year increase. For the first time
in its history, GPL has delivered sales of more than INR 1,000 crore for four consecutive
quarters. We have also generated INR 1,868 crore of net operating cash flow in FY 18,
which has allowed us to reduce our debt by INR 653 crore while rapidly growing our
company’s development portfolio. We look forward to building on this momentum in FY19.”
Financial Overview (Consolidated)
Q4 FY2018 performance overview compared with Q4 FY2017
Total Income increased by 79% to INR 849 crore from INR 475 crore
EBITDA increased by 100% to INR 221 crore from INR 110 crore
Net profit increased by 126% to INR 142 crore from INR 63 crore
EPS# amounted to INR 6.54 as compared to INR 2.90
FY2018 performance overview compared with FY2017
Total Income increased by 38% to INR 2,397 crore from INR 1,733 crore
EBITDA increased by 25% to INR 503 crore from INR 403 crore
Net profit increased by 14% to INR 235 crore from INR 207 crore
EPS amounted to INR 10.86 as compared to INR 9.60
About Godrej Properties Limited:
Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and
excellence to the real estate industry. Each Godrej Properties development combines a
121–year legacy of excellence and trust with a commitment to cutting-edge design and
technology. Godrej Properties is currently developing residential, commercial and township
projects spread across approximately 14 million square meters (151 million square feet) in
12 cities.
In the last 3 years, Godrej Properties has received over 200 awards and recognitions,
including the “Real Estate Company Of The Year” at the Construction Week India Awards
2015, ‘Golden Peacock Award for Sustainability’ for the year 2015 by Institute Of Directors
(IOD), “Most Reliable Builder for 2014″ at the CNBC AWAAZ Real Estate Awards 2014,
“Innovation Leader in Real Estate” award at the NDTV Property Awards 2014 and “Popular
Choice – Developer of the Year” award by ET NOW in 2013.
For further information please contact:
Rajendra Khetawat
Godrej Properties Limited
Tel: +91 22 6169 8500
Fax: +91 22 6169 8888
Email: rajendra@godrejinds.com
DISCLAIMER:
Some of the statements in this communication may be ‘forward looking statements’ within
the meaning of applicable laws and regulations. Actual results might differ substantially from
those expressed or implied. Important developments that could affect the Company’s
operations include changes in the industry structure, significant changes in political and
economic environment in India and overseas, tax laws, import duties, litigation and labour
relations.
