Godrej Properties Limited

Regd. Office: Godrej One

5th Floor, Pirojshanagar,
Eastern Express Highway,
Vikhroli (E), Mumbai – 400 079. India
Tel.: +91-22-6169-8500
Fax: +91-22-6169-8888
Website: www.godrejproperties.com

CIN: L74120MH1985PLC035308

July 31, 2024

BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai – 400 001

The National Stock Exchange of India Limited

Exchange Plaza,
Plot No. C/1, G Block,
Bandra Kurla Complex,
Bandra (East)
Mumbai – 400 051

Ref: Godrej Properties Limited

BSE - Script Code: 533150, Scrip ID - GODREJPROP
BSE - Security Code – 974950, 974951, 975090, 975091, 975856, 975857 – Debt Segment
NSE - GODREJPROP

Sub: Investors Presentation and Press Release.

Dear Sir/ Madam,

Please find enclosed a copy of the Investors’ Presentation and the Press Release on the unaudited
financial results of the Company for the quarter ended June 30, 2024.

Please note the date & time of occurrence of the event/information is July 31, 2024, at 11.15 a.m.

This is for your information and record.

Thank you,

Yours truly,
For Godrej Properties Limited
Ashish Digitally signed by
Ashish Sudhakar
Sudhakar Karyekar
Date: 2024.07.31
Karyekar 11:31:25 +05'30'

Ashish Karyekar
Company Secretary

Enclosed as above
 R E S U LT S P R E S E N T A T I O N
FIRST QUARTER, FINANCIAL YEAR 2025

1 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 DISCLAIMER

Some of the statements in this communication may be 'forward looking statements' within the meaning of

applicable laws and regulations. Actual results might differ substantially or materially from those expressed

or implied. Important developments that could affect the Company's operations include changes in

industry structure, significant changes in political and economic environment in India and overseas, tax

laws, import duties, litigation and labor relations.

2 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 AGENDA
Overview
01
Q1 FY25 Operational Highlights 02

Q1 FY25 Financial Highlights 03

Annexure 04

3 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 GODREJ INDUSTRIES GROUP

• Established in 1897 Value Creation Track Record

• $6 billion in annual revenue 23 year CAGR in ` 1 invested in
Particulars
stock price June 2001 is now worth
1
• Over 1 billion people globally use a Godrej Industries Group product
2
• Godrej ranks amongst the most trusted Indian brands BSE Sensex 15% 24

3
• $2.4 billion brand valuation by Interbrand Godrej Consumer
28% 278
Products
• Amongst India’s most diversified and trusted conglomerates

• Real estate is a key growth business for the Group Godrej Industries 28% 286

Note: CAGR calculated for opening prices of 18th June, 2001 when GCPL and GIL were demerged and publicly listed

1. Godrej Group internal study

2. The Brand Trust Report 2019
3. Interbrand study done in 2019

4 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 GODREJ PROPERTIES

• Established in 1990

• India’s largest listed developer by booking value in FY24

• Successfully delivered ~50 million sq. ft. of real estate since FY2018 Chandigarh
0.5, 1
NCR
• ~226 million sq. ft. of saleable area across India 40.9, 26

• Received rating of 98/100 by the Global Real Estate Sustainability

benchmark (GRESB) in 2023 and ranked #1 globally for three
Ahmedabad
consecutive years in 2020, 2021 and 2022 23.4, 1
Kolkata
Nagpur
• ~400 awards received in the last 5 years 4.0, 2 7.9, 4
Mumbai
48.8, 29 Pune
53.6, 17
Hyderabad
5.2, 2

Bengaluru Chennai
34.3, 18 5.0, 3 Legends:
Total Developable Area (million sq. ft.): ~226
Kochi No. of Projects: 104
2.2, 1
(As on July 31st, 2024)

*Basis results announced until date

5 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 STRENGTHS
• Over 1 billion people globally use a Godrej Industries Group product1
Godrej Brand • Godrej Properties ranked as the most trusted real estate brand in the 2019 Brand Trust Report
• GPL brings the Godrej brand’s reputation for trust, quality and corporate governance to the real estate sector

Effective Land • Competitive advantage in sourcing and executing outright/joint development projects with higher economic interest
Sourcing Model • Capital efficient and high ROE development model

Strong Project • Added 68 residential projects with ~139 million sq. ft. saleable area since FY2018
2

Pipeline • Development Management Agreement with Godrej & Boyce for its large Vikhroli landholding

Sales and
• India’s largest listed developer by booking value in FY2024
Execution
• Successfully delivered ~50 million sq. ft. of real estate since FY2018
Capability

Access to • Confidence of capital markets demonstrated by sector leading stock performance since IPO
Capital • Lowest bank funding rates in the sector

• Received rating of 98/100 by the Global Real Estate Sustainability benchmark (GRESB) in 2023 and ranked #1 globally for
three consecutive years in 2020, 2021 and 2022
Sustainability • GPL is included among Global sustainability Leaders in the Dow Jones Sustainability Indices in the emerging category list.
Leadership • GPL committed to have all its projects third-party certified as green buildings in 2010
• GPL has been added to leadership Index for supply chain in Climate Disclosure Project (CDP) ratings

1. Based on Godrej Group Internal Study

2. Total saleable area under projects, irrespective of the revenue / profit / area sharing arrangement as on 31st July, 2024

6 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 STOCK PERFORMANCE
An investment into GPL’s IPO would be worth over 6X an identical investment
into the BSE Realty Index

Value Creation Track Record

14 year CAGR in ` 1 invested in

Particulars stock price January 2010
is now worth

BSE Sensex 10.9% 4.50

Godrej Properties 19.9% 13.95

BSE Realty Index 5.7% 2.23

Note: CAGR calculated for prices as on 4 th January, 2010 (the date of GPL’s public listing) and 30 th June, 2024

GPL's market capitalization has crossed $10 billion for the first time in Q1FY25

7 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 AGENDA
Overview 01

Q1 FY25 Operational Highlights

02
Q1 FY25 Financial Highlights 03

Annexure 04

8 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 Q1 FY25 OPERATIONAL HIGHLIGHTS
Ÿ Booking value grows by 283% to INR 8,637 crores in Q1FY25 from the sale of 8.99 million sq. ft. area. It is GPL’s
highest ever quarterly sales for Q1 & its second highest quarterly sales ever.
Ÿ GPL continued to record highest quarterly booking value amongst listed developers in India for the second
consecutive quarter.
Ÿ The booking volume of 8.99 million sq. ft. of area is also the highest ever quarterly volume sold by any listed
developer in India, surpassing GPL's previous best of 8.17 million sq. ft. in Q4 FY24.
Ÿ Godrej Woodscapes, Bengaluru was GPL’s most successful ever launch achieving a booking value of INR 3,156
Sales Highlights crores from 3.40 million sq. ft. of area sold. GPL has achieved over 500% QoQ growth in sales in Bengaluru and has
surpassed its full year FY24 sales in South India within the first quarter.
Ÿ Godrej Jardinia, Noida was GPL’s most successful launch in Noida achieving a booking value of INR 2,377 crores
from 1.60 million sq. ft. of area sold. GPL has achieved booking value of over INR 4,400 crores in Sector 146, Noida
in less than a year.
Ÿ GPL has now achieved booking value of over INR 2,000 crores each in 6 projects in the last 4 quarters.
Ÿ 8 new project and phase launches during the quarter across 5 cities

Ÿ Added 2 group housing projects in Pune and Bengaluru with estimated booking value of INR 3,000 crores in
Business Development Q1 FY25

Cashflow and Ÿ Collections stood at INR 3,012 Crore for Q1 FY25, a YoY growth of 54%
Collection Highlights Ÿ Net operating cashflow stood at INR 988 crore for Q1 FY25, a YoY growth of 737%

Construction Highlights Ÿ Delivered projects aggregating ~2.7 million sq. ft. across 3 cities in Q1FY25

Commercial Project Ÿ Godrej Centre Hebbal, Bengaluru received occupancy certificate in Q1FY25.
Update Ÿ Leased ~1.7 lakh sq. ft. of area across 4 assets in Q1FY25

Ÿ 23 awards received in Q1 FY25

Other Highlights Ÿ GPL's market capitalization has crossed $10 billion for the first time in Q1FY25

9 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 SALES HIGHLIGHTS
Particulars Q1 FY25 Q1 FY24 Growth Q4 FY24 Growth FY24
Area Sold ( million sq. ft.) 8.99 2.25 299% 8.17 10% 20.00
Booking Value (INR Cr) 8,637 2,254 283% 9,519 -9% 22,527
Customer Collections* (INR Cr) 3,012 1,954 54% 4,693 -36% 11,436

*Net of taxes and includes collections for DM Projects

Strong responses to new projects/phases launched

Godrej Woodscapes, Bengaluru Godrej Jardinia, NCR Godrej Zenith, NCR

Ÿ Launched in May 2024 Ÿ Launched in April 2024 Ÿ Launched in June 2024

Ÿ Total sales stood at 3.40 million sq. ft. Ÿ Total sales stood at 1.60 million sq. ft. Ÿ Total sales stood at 0.55 million sq. ft.
with a booking value of INR 3,156 crore with a booking value of INR 2,377 crore with a booking value of INR 809 crore

Godrej Hill View Estate, MMR Hinjewadi, Pune Godrej Forest Estate, Nagpur
Ÿ Launched in June 2024 Ÿ Launched in April 2024 Ÿ Launched in June 2024

Ÿ Total sales stood at 1.50 million sq. ft. Ÿ Total sales stood at 0.30 million sq. ft. Ÿ Total sales stood at 0.69 million sq. ft.
with a booking value of INR 591 crore with a booking value of INR 251 crore with a booking value of INR 250 crore

Godrej Urban Park, MMR Godrej City, MMR

Ÿ Launched in May 2024 Ÿ Launched in May 2024

Ÿ Total sales stood at 0.06 million sq. ft. Ÿ Total sales stood at 0.11 million sq. ft.
with a booking value of INR 114 crore with a booking value of INR 96 crore

10 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 SALES HIGHLIGHTS (CONTD.)
City-wise Sales Breakdown for Q1 FY25

NCR BENGALURU
Registered booking value of INR 3,419 crore through sale of Registered booking value of INR 3,125 crore through sale of
987 units with total sales of 2.32 million sq. ft. 2,080 units with total sales of 3.32 million sq. ft.

MMR PUNE
Registered booking value of INR 1,371 crore through sale of Registered booking value of INR 400 crore through sale of
1,229 units with total sales of 1.97 million sq. ft. 473 units with total sales of 0.50 million sq. ft.

OTHERS
Registered booking value of INR 322 crore through sale of
595 units with total sales of 0.88 million sq. ft.

11 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 PROJECT BOOKING
Particulars Booking Area (mn. sq. ft.) Booking Value (INR Cr)

Q1 FY25 Q1 FY25

Godrej Woodscapes, Bengaluru 3.40 3,156

Godrej Jardinia, NCR 1.60 2,377
Godrej Zenith (Sector 89), NCR 0.55 809
Godrej Hillview Estate, MMR 1.50 591
Hinjawadi, Pune 0.30 251
Godrej Forest Estate, Nagpur 0.69 250
Godrej Vistas, MMR 0.06 131
Godrej Ananda, Bengaluru 0.17 131
Godrej Urban Park, MMR 0.06 114
Godrej 101, NCR 0.10 107
Godrej Reserve, MMR 0.05 106
Godrej Horizon, MMR 0.05 103
Godrej City, MMR 0.11 96
Godrej Ascend, MMR 0.05 65
Godrej Emerald Waters, Pune 0.07 65
Godrej Aristocrat, NCR 0.03 54
Godrej South Estate, NCR 0.02 50
Others 0.18 181
TOTAL 8.99 8,637

Notes: 1. Includes sales for the projects where GPL is the development manager | 2. Includes sale of retail area in certain projects | 3. Includes cancellations in certain projects

12 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 QUARTERLY SALES TREND

Quarterly Sales Value

9,519
8,637

5,720
5,034
(INR cr)

4,051
3,252
2,409 2,254

Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25

Quarterly Sales Volume

8.99
8.17
(Million sq. ft.)

5.25 5.23
4.42 4.34
2.71
2.25

Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25

13 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 BUSINESS DEVELOPMENT
Added 2 new projects with an estimated saleable area of 3.1 million sq. ft.
and expected booking value of INR 3,000 crore in Q1FY25

Hinjewadi, Pune
• Spread across approximately 11 acres, the project will offer 2.2 million sq. ft. of premium residential development and high street retail.
• The project is strategically located near the upcoming Megapolis Metro Station and offers good connectivity to Major IT hubs in Hinjewadi,
Pune along with access to schools, hospitals, malls, restaurants, and premium hotels.
• The estimated revenue potential from the project is approximately INR 1,800 Crore.
• It is a 100% owned project.

Thanisandra, Bengaluru
• Spread across approximately 7 acres, the project will offer 0.9 million sq. ft. of high-end residential development.
• The project is situated strategically in a high-potential area along Thanisandra Main Road, the land connects northwards to the Kempegowda
International Airport, NH44 in the west, and Outer Ring Road in the south. Thanisandra is a rapidly growing hub for commercial and residential
real estate in North Bengaluru, boasting a robust social and civic infrastructure with schools, malls, retail outlets, tech parks and SEZ, and
residential-commercial spaces in close vicinity. The area provides good connectivity to Kempegowda International Airport and key social-
commercial zones in the city.
• The estimated revenue potential from the project is approximately INR 1,200 Crore.
• It is a 100% owned project.

14 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 CONSTRUCTION HIGHLIGHTS
Delivered ~2.7 million sq. ft. in Q1 FY25

Godrej Golf Links, NCR Godrej Green Vista (Mahalunge), Pune Godrej River Greens (Manjari), Pune
0.87 million sq. ft. 0.41 million sq. ft. 0.29 million sq. ft.
GPL Economic Interest : GPL Economic Interest : GPL Economic Interest : DM-12.5%
Profit Share – 40% DM-12.5% of Revenue & of Revenue & Profit Share-50%
Profit Share-50% at portfolio level at portfolio level

Godrej Eternity, Bengaluru Godrej South Estate, NCR Godrej Centre Hebbal, Bengaluru
0.23 million sq. ft. 0.13 million sq. ft. 0.74 million sq. ft.
GPL Economic Interest : GPL Economic Interest : GPL Economic Interest: GPL holds
100% Owned Project 100% owned project 20% equity in project specific company

15 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 LAUNCH PIPELINE FY25
Launch timings are dependent on receipt of regulatory approvals and can be delayed substantially
beyond initial expectations

FY25 YTD
Expected FY25 YTD
Expected Actual
Launch Actual Achievement (%)
City Launch Launch
Value (INR Launch
Area (MSF) Value (INR
Crore) Area (MSF)
Crores)
MMR 5.5 9,500 2.1 980 10%

NCR 4.1 9,200 2.0 2,970 32%

Bengaluru 5.1 4,900 4.1 3,770 77%

Pune 4.5 3,700 0.7 585 16%

Others 2.7 2,700 0.9 335 12%

Total ~21.9 msf 30,000 9.8 8,640 29%

16 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 FY25 GUIDANCE

FY25 FY25 YTD Achievement Updated

Particulars FY24 Actual
Guidance Actual (%) assessment

Booking Value (INR Crore) 22,527 27,000 8,637 32%

Cash Collections (INR Crore) 11,436 15,000 3,012 20%

Deliveries (Million Sq. Ft.) 12.5 15.0 2.7 18%

Business Development (by expected

21,225 20,000 3,000 15%
booking value) (INR Crore)

Guidance met
On track to meet or exceed guidance
Not on track to meet guidance

17 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 SUSTAINABILITY – ESG PERFORMANCE AND CSR IMPACT
• GPL has been included in the leadership index of emerging markets and has secured a place in the
ESG Ratings & sustainability yearbook of the prestigious S&P’s Dow Jones Sustainability Index (DJSI)
Disclosures • GPL was recognised as a Supplier Engagement Leader with ‘A’ rating in 2023 while upholding a 'B' rating for
climate change.
ESG

• Net Zero Energy Pre-certification received for project at Carmichael road, Mumbai
Milestone • Godrej One received Net Zero Energy and Net Zero – Waste to Landfill for its operations
Achievements • For FY 2023-24, 100% of GPL’s portfolio* is certified or under certification for credible external green building
rating systems like IGBC and GRIHA.

• Through our Solid Waste Management projects in 12 Urban Local Bodies, 2 APMC markets and 2
Cantonment Boards, GPL has diverted 10,349 tonnes of waste in Q1 FY25
• 526 children were supported in Pune and Gurgaon through our crèche projects in and around construction
Milestone sites throughout the year.
Achievement
in On-going • 6,665 construction workers are benefitted with BOCW Schemes through our Social Security program with
CSR projects Disha Foundation
• GPL supported Sustainable Agriculture and Land Management practices with all farmers in three villages
CSR

(Jamb, Zapewadi and Bavi) of Beed district in Maharashtra in order to increase the impact of previously
implemented Watershed project.

• GPL in collaboration with Feedback Foundation has scaled up the Solid Waste Management project to 5 new
Milestones Urban local bodies around Nagpur (Wanadongri, Khapa, Godhani, Umred, Hingna)
Achievements • GPL has also scaled up Crop Residue Management project in Punjab with a plan to reach out to 100 villages
in FY25 for stubble management.

*Few projects are excluded from the portfolio boundary since they have been initiated/developed before our commitment towards delivering green building in 2010. Also, all plotted development projects
are excluded as no suitable green building certification is available for such developments

18 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 AWARDS AND RECOGNITIONS
Received 23 awards in Q1 FY25

ILLUSTRATIVE LIST OF AWARDS

GODREJ PROPERTIES PROJECT AWARDS

ŸBombay Chamber of Commerce Ÿ Godrej City, MMR | Godrej Horizon, MMR | Godrej Bay-View, MMR |
Godrej Aveneue 11, MMR | Godrej South Estate, NCR | Godrej Meridian,
Winner - LGBTQ Champion
NCR | Godrej Air, NCR | Godrej Nature Plus, NCR | Godrej Habitat, NCR |
Bombay Chamber of Commerce Godrej Palm Retreat, NCR | Godrej Prakriti, Kolkata | Godrej Emrald
1st Runner up - DEI Champion Water, Pune | Godrej Parkridge, Pune | Godrej Skygreens, Pune | Godrej
Urban Retreat, Pune | Godrej Orchid, Pune | Godrej Meadows, Pune |
Made By Dyslexia :UK based global charity foundation Godrej Woodsville, Pune | Godrej Hillside – 3, Pune
First Indian company to be recognized and Awarded badge of Employ Dyslexia Ÿ Winner - GreenTech Foundation - EHS Best Practices

INDIVIDUAL AWARDS
Gaurav Pandey, MD & CEO
Wall Street Journal CEO Council – Recognized in the list of
“The World’s Most Influential Decision Makers”

19 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 AGENDA
Overview 01

Q1 FY25 Operational Highlights 02

Q1 FY25 Financial Highlights

03
Annexure 04

20 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 CONSOLIDATED FINANCIAL STATEMENTS – P & L
(INR Cr)

Particulars Q1 FY25 Q1 FY24 % Change Q4 FY24 % Change FY24

Total Income 1638 1,315 25% 1,952 -16% 4,362
Adjusted EBITDA** 852 317 169% 717 19% 1,379
EBITDA** 774 230 237% 649 19% 1,197

Profit before tax 716 193 271% 601 19% 1,000

Net Profit after tax 520 125 316% 471 10% 725
Total Income = Sales & Operating Income + Other Income + Share of profit/loss in Joint Venture
*EBITDA = PBT + Interest + Depreciation + Share of profit in Joint Venture
**Adjusted EBITDA = EBITDA + interest included in cost of sale
PBT = PBT + share of profit in Joint Venture

Total Income for Q1 FY25 Profit & Loss form Joint Ventures with Structuring Income

Particulars INR Cr Particulars INR Crs

Godrej South Estate, NCR 218 -62
Profit & Loss for Joint Ventures as reported in P&L
Godrej Eternity, Bengaluru 132
Godrej Urban Park, MMR 71 Add: Structuring Income
Godrej Orchard Estate, Nagpur 56
DM Fees from Joint Venture Projects 34
Godrej RKS, MMR 32
Hinjewadi, Pune 25 Net Interest Income from Joint Ventures Projects 62
Godrej Green Estate, NCR 23
Godrej Sunrise Estate, Chennai 22 Profit & Loss for Joint Ventures including Structuring Income 34
Others 161
Note: Profit & Loss from Joint Venture is negative as reported in P&L due to initial marketing and other
Interest and other Income 960 ineligible expenses for various Joint Venture projects pending revenue recognition which will be on
Profit & Loss from Joint Venture -62 project completion. However net earnings from Joint Venture projects is positive if we include DM Fees
Total Income 1,638 Income and Net Interest Income from Joint Venture Projects as presented above.

21 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 CONSOLIDATED FINANCIAL STATEMENTS - CASHFLOW
Notes Particulars Q1 FY25
Operating cashflow
Total operating cash inflow 1 3,445
Operating cash outflow
A Construction & related outflow -1,120
Other project related outflow -1,337
Total operating cash outflow -2,457
Net operating cashflow 988
Financial cashflow
B Interest, Corporate Taxes & Other Outflow -223
Net financial cashflow -223
Capital cashflow
Land & approval related outflow -1,969
C
Advance to JV projects -6
Net capital cashflow -1,975
(A+B+C) Net cashflow -1,209
D Adjustment for JV projects2 90
(A+B+C+D) Total net GPL cashflow -1,119
E Ind AS Adjustments -115
(A+B+C+D+E) (Increase) / Decrease in Net Debt under Ind AS -1,234

Notes: 1. Total operating cash inflow includes gross collection for DM projects and Other project related outflow includes JVP share of collection for DM projects
2. Adjustment for JV projects represents mainly timing difference in cash collection from customers in respective project SPV and pending transfer to GPL due to non-Availability of
RERA Limits and restrictions in respective agreements with JV partners whereby GPL cannot withdraw cash till particular milestones are achieved.

22 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 CONSOLIDATED FINANCIAL STATEMENTS - BS
(INR Cr)

Sr. No Particulars As on 30.06.2024 As on 31.03.2024

A Assets Unaudited Audited

1 Non Current assets
a Property, Plant and Equipment 1,024.67 930.05
b Right-of-Use Asset 18.15 21.29
c Capital Work-In-Progress 154.47 248.96
d Investment Property 30.08 30.48
e Goodwill on consolidation 0.07 0.07
f Other Intangible assets 14.79 15.36
g Intangible Assets under Development 1.38 1.20
h Equity accounted investees 780.23 770.13
i Financial Assets
Other Investments 1,356.98 591.70
Trade Receivables 63.68 65.05
Other Non-Current Financial Assets 69.27 123.92
Deferred Tax Assets (Net) 138.09 305.70
j Income Tax Assets (Net) 221.69 180.53
k Other Non-Current Non Financial Assets 2.46 0.27
l Total Non-Current Assets 3,876.01 3,284.71
Current Assets
2 Inventories 24,686.49 22,564.62
a Financial Assets
b Investments 1,856.14 1,788.25
Trade Receivables 306.33 309.60
Cash and Cash Equivalents 933.65 1,319.81
Bank Balances Other than Above 1,774.57 1,600.56
Loans 2,189.70 1,779.03
Other Current Financial Assets 1,182.98 1,231.81
Other Current Non Financial Assets 2,010.79 1,856.47
c Total Current Assets 34,940.65 32,450.15
Total Assets 38,816.66 35,734.86

23 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 CONSOLIDATED FINANCIAL STATEMENTS - BS
(INR Cr)

Sr. No Particulars As on 30.06.2024 As on 31.03.2024

B Equity and Liabilities Unaudited Audited
1 Equity
a Equity share capital 139.03 139.02
b Other equity 10,374.20 9,853.49
c Non-controlling interest 270.33 308.93
Total Equity 10,783.56 10,301.44
2 Liabilities
2.1 Non Current Liabilities
a Financial liabilities
Borrowings 2,660.00 2,660.00
Lease Liabilities 8.09 10.63
Other Non - Current Financial Liabilities 6.05 10.68
b Provisions 20.71 20.16
Total Non-Current Liabilities 2,694.85 2,701.47
2.2 Current Liabilities
a Financial liabilities
Borrowings 9,398.82 7,996.46
Lease Liabilities 11.58 12.20
Trade payables
Total Outstanding Dues of Micro Enterprises and Small Enterprises 173.03 155.18
Total Outstanding Dues of Creditors other than Micro Enterprises and Small Enterprises 3,057.45 3,600.39
Other Current Financial Liabilities 866.81 928.54
b Other Current Non Financial Liabilities 11,712.66 9,930.91
c Provisions 38.52 41.85
d Current Tax Liabilities (Net) 79.39 66.41
Total Current Liabilities 25,338.26 22,731.94
Total Liabilities 28,033.11 25,433.41
Total Equity and Liabilities 38,816.66 35,734.86

24 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 FINANCIAL ANALYSIS
Profitability Indicators (INR Cr)

Particulars Q1 FY25 Q1 FY24 Q4 FY24 FY24

Adjusted EBITDA / Total Income** 52.0% 24.1% 36.7% 31.6%

EBITDA / Total Income* 47.2% 17.5% 33.2% 27.4%

PBT Margin % 43.7% 14.7% 30.8% 22.9%

Net Profit Margin % # 31.8% 9.5% 24.1% 16.6%

* EBITDA = PBT + Interest + Depreciation + Share of profit in Joint Venture

**Adjusted EBITDA = EBITDA + interest included in cost of sale
# Net profit after minority interest

Leverage Indicators
As on 30th Jun As on 31st Mar As on 30th Jun
Particulars
2024 2024 2023

Net Debt (INR Cr) 7,432 6,198 5,298

Networth (INR Cr) 10,513 9,993 9,389

Net Debt / Equity Ratio 0.71 0.62 0.56

Average Borrowing Cost (YTD) 7.90% 7.82% 7.75%

Note: All Numbers as per Ind AS

25 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 AGENDA
Overview 01

Q1 FY25 Operational Highlights 02

Q1 FY25 Financial Highlights 03

Annexure
04

26 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 A. RESIDENTIAL PROJECTS

27 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 A. RESIDENTIAL PROJECTS

28 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 A. RESIDENTIAL PROJECTS

29 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 A. RESIDENTIAL PROJECTS

30 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 B. COMMERCIAL PROJECTS

31 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 THANK YOU

For further information, please contact:

Rajendra Khetawat
Godrej Properties Limited
Tel: +91 22 6169 8500
Fax: +91 22 6169 8888
Email: [email protected]

32 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25

 GODREJ PROPERTIES LIMITED
CIN : L74120MH1985PLC035308
Registered and Corporate Office: Godrej One, 5th Floor, Pirojshanagar, Vikhroli (E), Eastern Express
Highway, Mumbai – 400079

PRESS RELEASE

Consolidated Financials for Q1 FY25 Results

 Highest ever reported net profit of INR 520 crores in Q1FY25, a growth of 316%
y-o-y.
 Highest ever sales volume reported by an Indian developer with 8.99 million sq.
ft., a y-o-y growth of 299%
 Booking value grows by 283% to INR 8,637 crores in Q1FY25
 Collections grew by 54% to INR 3,012 crores in Q1FY25
 Achieved 737% growth in net operating cashflow in Q1FY25
 Delivered ~2.7 million sq. ft. in Q1FY25.
 Added 2 projects with a total estimated booking value of ~INR 3,000 Crore

Mumbai, July 31, 2024: Godrej Properties Limited (GPL), a leading national real estate
developer, announced its financial results for the first quarter ended June 30, 2024.

CORPORATE HIGHLIGHTS:

Sales Highlights
 GPL recorded highest quarterly booking value and volume amongst listed developers
in India for the second consecutive quarter.
 Booking value grows by 283% to INR 8,637 crores in Q1FY25. It is GPL’s highest ever
quarterly sales for Q1 & its second highest quarterly sales ever.
 Booking volume of 8.99 million sq. ft. of area is the highest ever quarterly volume sold
by any listed developer in India, surpassing GPL's previous best of 8.17 million sq. ft.
in Q4 FY24.
  Godrej Woodscapes, Bengaluru was GPL’s most successful ever launch achieving a
booking value of INR 3,156 crores from 3.40 million sq. ft. of area sold. GPL has
achieved over 500% QoQ growth in sales in Bengaluru and has surpassed its full year
FY24 sales in South India within the first quarter.
 Godrej Jardinia, Noida was GPL’s most successful launch in Noida achieving a
booking value of INR 2,377 crores from 1.60 million sq. ft. of area sold. GPL has
achieved booking value of over INR 4,400 crores in Sector 146, Noida in less than a
year.
 GPL has now achieved booking value of over INR 2,000 crores each in 6 projects in
the last 4 quarters.
 8 new project and phase launches during the quarter across 5 cities

Business Development
 Added 2 group housing projects in Pune and Bengaluru with estimated booking value
of INR 3,000 crores in Q1 FY25

Other Highlights
 Collections stood at INR 3,012 Crore for Q1 FY25, a YoY growth of 54% leading to net
operating cash flow growth of 737% YoY to INR 988 crore
 Delivered ~2.7 million sq. ft. across 3 cities in Q1 FY25
 GPL received 23 awards in Q1 FY25 including Mr. Gaurav Pandey, MD & CEO, Godrej
Properties Limited, being recognized in the list of “The World’s Most Influential
Decision Makers” by Wall Street Journal CEO Council.

Commenting on the performance of Q1 FY2025, Mr. Pirojsha Godrej, Executive

Chairperson, Godrej Properties Limited, said:

“Godrej Properties delivered another robust quarter registering a multi-fold growth in bookings,
operating cashflows, and earnings. The residential real estate sector in India has been strong
over the past three years and we believe the sectoral tailwinds will continue over the next few
years. The significant levels of business development we have executed in previous years at
favourable terms continue to allow us to scale our bookings and in turn our earnings. With a
robust launch pipeline, strong balance sheet, and resilient demand, we are on-track to achieve
our bookings target of INR 27,000 crore in FY25 while also achieving our highest ever
deliveries and collections performance.”
Financial Overview (Consolidated)

Q1 FY25 performance overview compared with Q1 FY24

 Total Income grew by 25% to INR 1,638 crore as compared to INR 1,315 crore
 EBITDA grew by 237% to INR 774 crore as compared to INR 230 crore
 Net Profit grew by 316% to INR 520 crore as compared to INR 125 crore
 EPS# amounted to INR 18.70 as compared to INR 4.59
#
not annualised

--ENDS--

About Godrej Properties Limited:

Godrej Properties brings the Godrej Industries Group philosophy of innovation, sustainability,
and excellence to the real estate industry. Each Godrej Properties development combines a
127-year legacy of excellence and trust with a commitment to cutting edge design, technology,
and sustainability. In FY 2021, Godrej Properties emerged as the largest developer in India
by the value of residential sales achieved.

Godrej Properties has deeply focused on sustainable development. In 2010, GPL committed
that all of its developments would be third party certified green buildings. In 2020 and again in
2021 and 2022, the Global Real Estate Sustainability Benchmark ranked GPL #1 globally
amongst listed residential developers for its sustainability and governance practices. In 2017,
GPL was one of the founding partners of the Sustainable Housing Leadership Consortium
(SHLC), whose mission is to spread sustainable development practices across the Indian real
estate sector. In recent years, Godrej Properties has received over 400 awards and
recognitions, including the Porter Prize 2019, The Most Trusted Real Estate Brand in the 2019
Brand Trust Report, Builder of the Year at the CNBC-Awaaz Real Estate Awards 2019, and
The Economic Times Best Real Estate Brand 2018.

For further information please contact:

Rajendra Khetawat Anurag David

Chief Financial Officer Corporate Communications
Godrej Properties Limited Godrej Industries Limited
Tel: +91 22 6169 8500 Email: [email protected],
Fax: +91 22 6169 8888 Mobile: +91 93225 01136
Email: [email protected]

DISCLAIMER:
Some of the statements in this communication may be ‘forward looking statements’ within the
meaning of applicable laws and regulations. Actual results might differ substantially from those
expressed or implied. Important developments that could affect the Company’s operations
include changes in the industry structure, significant changes in political and economic
environment in India and overseas, tax laws, import duties, litigation and labour relations.