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ICICI Securities Report
Along expected lines, Godrej Properties Ltd.’s Q4 FY21 gross sales bookings worth Rs 26.3 billion grew 10% YoY and 77% QoQ on the back of seven new launches which contributed 58% of the quarter’s sales bookings.
The company’s FY21 sales bookings have risen by 14% YoY even in a challenging year and with 19 new launches lined up in FY22E, we expect the company to target an overall YoY growth in FY22 sales bookings even as the second Covid-19 wave across India is expected to impact H1 FY22 sales bookings.
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