Godrej Properties Well Poised For Growth: ICICI Securities
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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.
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