Godrej Properties Q4 Review - Strong End To A Challenging Year: ICICI Securities
Godrej Edenwoods Mumbai a residential property developed by Godrej Properties Ltd. (Source: Company website)

Godrej Properties Q4 Review - Strong End To A Challenging Year: ICICI Securities

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.

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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ICICI Securities Godrej Properties Q4FY21 Results Update.pdf


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