GODREJ PROPERTIES
The Godrej Group comprises a diverse business portfolio that includes real estate development, fast-moving consumer goods, advanced engineering, home appliances, furniture, security, and agri-care. It is ranked as the second most trusted Indian brand with annual revenue of USD 5 billion. Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and excellence to the real estate industry. In recent years, Godrej Properties has received over 250 awards and recognitions, including ‘The Most Trusted Real Estate Brand’ in 2019 from the Brand Trust Report, ‘Real Estate Company of the Year’ at the 9th Construction Week Awards 2019, ‘Equality and Diversity Champion’ 2019 at the APREA Property Leaders Awards, ‘The Economic Times Best Real Estate Brand 2018’ and the ‘Builder of the Year’ at the CNBC-Awaaz Real Estate Awards 2018.
Godrej showed substantial business development over the past few years and ensured that the launch pipeline is the best it has ever been and also one of the companies having zero promoter pledge while FII / FPI or Institutions are raising their shareholding. “With the strong brand, pan India presence manifested track record and excellent sales and marketing capabilities the Company is well poised for a high growth trajectory over the ensuing few years.” Godrej Properties has been instrumental in the construction of Residential, commercial and township projects across 12 major cities in India & continues to be.
“The Company’s Whistle Blower Policy fastens a vigil mechanism for Directors and employees to report legitimate concerns regarding unethical behaviour, actual or suspected fraud or violation of the Company’s Code of Conduct.” “Godrej Properties also accommodate those charged with governance with a statement that they have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on the company’s independence, and where applicable, related safeguards.”
The board of directors haven’t reported any dividend yet. Godrej Properties got a 1435.33% sequential decline in the consolidated profit and stood at Rs 191.62(loss) crore for the quarter ending March 2021, against the previous quarter at Rs 14.35(profit) crore while revenue grew by 153.76% to Rs 432.64 crore in this quarter as against Rs 170.49 crore in December quarter and PBT fell by 497.99% QoQ & stood at Rs 124.93(loss) crore. Also, the Gross profit margin grew by 85.16% QoQ.
The Q4 results of Godrej Properties could have been invigorating.
