Mumbai, May 2
Godrej Properties on Friday reported a 19 per cent decline in net profit to Rs 382 crore for the fourth quarter of financial year 2024-25 (Q4 FY25), down from Rs 471 crore in the same quarter last fiscal (Q4 FY24).
The real estate developer also reported earnings before interest, taxes, depreciation, and amortisation (EBITDA) of Rs 634 crore for the quarter, slightly lower than Rs 649 crore reported in the same quarter last fiscal.
However, the net profit rose compared to the previous quarter (Q3), when it stood at Rs 163 crore, according to its stock exchange filing.
Despite the drop in profit on a yearly basis, the company’s revenue from operations showed strong growth.
Revenue jumped 49 per cent year-on-year (YoY) and 119 per cent quarter-on-quarter (QoQ) to reach Rs 2,122 crore in the March 2025 quarter.
The company’s executive chairperson Pirojsha Godrej said the company has delivered its highest-ever performance in key metrics this year.
“It is the 8th consecutive year of booking value growth for the company indicating the resilience of the company to grow through various macroeconomic cycles," Pirojsha Godrej mentioned.