Godrej Properties reports stellar performance in Q4FY19

For the last quarter of FY19, the Godrej Properties reported strong set of numbers across the board. The company’s consolidated total income for the quarter jumped more than 130 per cent yoy to Rs. 1,200 crore.

EBITDA for Q4FY19 was at Rs. 314 crore as against Rs. 74 crore in the corresponding quarter of previous year, representing staggering growth of 397 per cent. EBITDA margin for the quarter stood at 26.16 per cent as against 14.34 per cent in Q4FY18.

Notably, the company's net profit jumped nearly 271 per cent yoy to Rs. 157 crore from Rs. 42 crore. Net profit margin too improved to 13 per cent from 8.2 per cent in Q4FY18.

In Q4FY19, the company’s booking value more than doubled to Rs. 2,161 crore from the corresponding quarter of the previous year.

During the quarter, the company added six new projects with saleable area of 25 million sq. ft. in Pune, while it added 2 new projects in Mumbai with saleable area of 1.6 million sq. ft.

In terms of full year 2018-19, the total income and net profit grew by 57 per cent and 191 per cent to Rs. 3,236 crore and Rs. 253 crore, respectively.

The company’s Debt-to-equity ratio for FY19 improved to 0.87x as compared to 2.35x in FY18.