Luxury Real Estate Developer's Sales Cross Rs 2,000 Crore Mark Again as Another Premium Project Sees Over 275 Homes Sold
With a PE ratio of 41.6, the company trades at a premium compared to the industry PE of 31.3. The company has ROCE of 5.74 per cent and ROE of 6.79 per cent.
Godrej Properties Ltd, one of India’s leading real estate developers, today announced that it has sold over 275 homes worth over Rs 2,000 crores at the launch of its luxury project, Godrej Riverine, located in Sector 44, Noida.
Launched in March 2025, Godrej Riverine is strategically located in Sector 44, one of the key micro markets in Noida. The project is spread over ~ 6.46 acres, comprising luxury residential apartments of varied configurations. With its well-planned infrastructure, wide roads, and proximity to Delhi, Noida oƯers a high-quality lifestyle and good connectivity.
DSIJ's 'Value Pick' service recommends long-term stocks based on Value Investing Philosophy. If this interests you, do download the service details here.
Godrej Riverine marks the third consecutive launch with INR 2,000+ crore sales for Godrej Properties in Noida. GPL had previously sold inventory of over Rs 2,000 crores in Godrej Jardinia, Sector 146, Noida in Q1 FY25 and in Godrej Tropical Isle, Sector 146, Noida in Q2 FY24.
Gaurav Pandey, MD & CEO, Godrej Properties, said, “We are delighted with the overwhelming response to our luxury project, Godrej Riverine in Noida. We extend our sincere gratitude to our customers and all stakeholders for their trust and confidence in Godrej Properties. We remain committed to delivering an exceptional living experience at this development. Noida is a key market for us, and we look forward to further strengthening our presence in the region in the years ahead."
In the Quarterly Results of December 2024, the company reported a revenue of Rs 968.88 crore, reflecting a YoY growth of 193.21 per cent compared to Rs 330.44 crore in December 2023. The operating profit stood at Rs 9.27 crore, improving from a loss of Rs 66.08 crore in the same quarter last year. The profit after tax (PAT) increased by 161.19 per cent to Rs 162.64 crore from Rs 62.27 crore in December 2023.
In FY24, the company posted a revenue of Rs 3,035.62 crore, registering a 34.78 per cent growth compared to Rs 2,252.26 crore in FY23. The net profit for the year stood at Rs 725.27 crore, up 26.93 per cent from Rs 571.39 crore in the previous financial year.
With a PE ratio of 41.6, the company trades at a premium compared to the industry PE of 31.3. The company has ROCE of 5.74 per cent and ROE of 6.79 per cent.
Investors must keep this Large-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.