Godrej Properties Sees Significant Surge in Share Price Post Impressive Q4 Bookings

In a remarkable turn of events, Godrej Properties’ share price soared over 6% during Tuesday’s trading, following the company’s announcement of record-breaking bookings for the fourth quarter and the entire financial year 2024-2025 (FY25). The March quarter bookings reached an astounding ₹10,163 crore, marking an 87% increase from the previous quarter and a 7% rise compared to the same period last year. This surge is attributed to the sale of 3,703 homes, covering a substantial area of 7.52 million square feet.

Record-Breaking Performance

In a formal statement to the stock exchange, Godrej Properties revealed that this achievement marks the seventh consecutive quarter with bookings exceeding ₹5,000 crore. For the entire FY25, the booking value climbed to ₹29,444 crore, reflecting a 31% year-on-year growth. The total number of homes sold reached 15,302, encompassing an impressive 25.73 million sq. ft., which translates to a 29% increase in volume compared to the previous year.

• Key Highlights:
  • Q4FY25 bookings: ₹10,163 crore
  • Year-on-year growth for FY25: 31%
  • Homes sold in FY25: 15,302
  • Total area sold: 25.73 million sq. ft.

Strong Demand Driving Sales

The robust sales performance was significantly bolstered by the launch of new projects like Godrej Riverine in Noida, which alone contributed over ₹2,000 crore to bookings. Other successful launches included Godrej Astra in Gurugram and Godrej Madison Avenue in Hyderabad, both exceeding ₹1,000 crore in bookings. Notably, regions like NCR, MMR, and Bengaluru accounted for substantial contributions, generating over ₹10,500 crore, ₹8,000 crore, and ₹5,000 crore, respectively.

Gaurav Pandey, the MD & CEO of Godrej Properties, expressed his excitement, stating, “Crossing ₹10,000 crore in sales bookings for the first time in Q4FY25 is a phenomenal achievement. Our sales have grown at an impressive 55% CAGR over the past three years. We owe this success to our dedicated customers and stakeholders.”

Godrej Properties Stock Insights

On the BSE, Godrej Properties opened at ₹2,012.05, hitting an intraday peak of ₹2,051.30 and a low of ₹1,952. However, industry analysts have noted a 41.9% correction in the share price over the past 22 weeks, indicating ongoing weakness in the broader real estate sector. Anshul Jain, Head of Research at Lakshmishree Investment and Securities, anticipates the stock might drift towards a major support level of ₹1,769 over the next few months. He suggests that short-term rallies in the ₹2,170–₹2,200 range should be approached with caution.

Conversely, Riyank Arora, a Technical Analyst at Mehta Equities Ltd, views Godrej Properties as exhibiting a strong technical setup, with support holding firm at ₹2,300. He believes the stock is on an upward trajectory with the potential to reach targets of ₹2,350 and ₹2,360. A breakout beyond ₹2,360 could pave the way for further gains towards ₹2,400.

Conclusion

The strong performance of Godrej Properties not only highlights its resilience in the competitive real estate market but also underlines its position as a leader in the Indian property sector. With promising growth indicators and an optimistic outlook, it remains an attractive option for investors looking for opportunities in the real estate landscape.