BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Godrej Properties Ltd. delivered a strong operational performance in Q4 FY22, with sales bookings up 23% YoY to Rs 32.5 billion – its highest ever, but in line with our estimate.
Volumes were flat YoY at 4.2 million square feet, while realisations rose 22% to Rs 7,700/square feet.
Value of bookings increased by 17% YoY to Rs 78.6 billion in FY22, which was also a record, while sales volume remained flat at 10.8 msf.
Godrej Properties launched nine projects/phases with a total saleable area of 5.7 msf, of which 50% was sold in Q4 FY22.
In FY22, the company launched 10 msf against 16 msf of planned projects.
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