Godrej Properties Well Poised For Growth: ICICI Securities  
The under-construction Godrej Prime, a residential property project developed by Godrej Properties Ltd., stands in the Chembur area of Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Godrej Properties Well Poised For Growth: 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 Q3 FY21 gross sales bookings worth Rs 14.9 billion grew 25% YoY and 38% QoQ on the back of three new launches which contributed 56% of the quarter’s sales bookings.

The company’s nine months FY21 sales bookings have risen by 16% YoY and with 12 new launches lined up in Q4 FY21, and it continues to target an overall YoY growth of 10% in FY21 sales bookings on a FY20 base of Rs 59.2 billion.

Click on the attachment to read the full report:

ICICI Securities Godrej Properties Q3FY21 Result Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.