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05-Aug-2023

Godrej Properties

Net 174% despite disappointing OP show, thanks to higher OI and share of profit from associates


'Consolidated net sales (including other operating income) of Godrej Properties for the quarter ended Jun 2023 has increased 282.59% to Rs 936.09 crore.  Operating profit margin has declined from negative 5.80% to negative 15.94%, leading to 952.19% decline in operating profit to Rs -149.20 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 87.83% to 81.46%.   Employee cost increased from 3.11% to 4.30%.   Other expenses rose from 10.34% to 25.08%.   Other income rose 81.53% to Rs 329.89 crore.  PBIDT rose 7.84% to Rs 180.69 crore.  Provision for interest fell 13.95% to Rs 29.67 crore.  PBDT rose 13.49% to Rs 151.02 crore.  Provision for depreciation rose 26.69% to Rs 6.93 crore.  Profit before tax grew 12.92% to Rs 144.09 crore.  Provision for tax was expense of Rs 59.23 crore, compared to Rs 32.65 crore.  Effective tax rate was 30.70% co...



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More Reports
  • Results-Analysis   (02-Aug-2025)

    Godrej Properties

    Net up 15% on higher other income and lower share of profit from associates

  • Results-Analysis   (03-May-2025)

    Godrej Properties

    Net down 29% on lower OPM, higher share of loss from associates and higher taxation

  • Results-Analysis   (25-Oct-2024)

    Godrej Properties

    Net up 402% as sales up 219% and tax writeback

  • Results-Analysis   (17-Aug-2024)

    Godrej Properties

    Net jumps 316% thanks to higher other income

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