GODREJPROP
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Godrej Properties Dec-Quarter Consol Net Profit 1.95 Billion Rupees
Feb 5 (Reuters) - Godrej Properties Ltd GODR.NS:
GODREJ PROPERTIES DEC-QUARTER CONSOL NET PROFIT 1.95 BILLION RUPEES
GODREJ PROPERTIES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 4.98 BILLION RUPEES
Source text: [ID:]
Further company coverage: GODR.NS
Feb 5 (Reuters) - Godrej Properties Ltd GODR.NS:
GODREJ PROPERTIES DEC-QUARTER CONSOL NET PROFIT 1.95 BILLION RUPEES
GODREJ PROPERTIES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 4.98 BILLION RUPEES
Source text: [ID:]
Further company coverage: GODR.NS
Godrej Properties Sells Homes Worth Over 20 Billion Rupees In Mumbai Residential Project
Feb 2 (Reuters) - Godrej Properties Ltd GODR.NS:
SELLS HOMES WORTH OVER 20 BILLION RUPEES IN MUMBAI RESIDENTIAL PROJECT
Source text: ID:nBSE3gYQhG
Further company coverage: GODR.NS
Feb 2 (Reuters) - Godrej Properties Ltd GODR.NS:
SELLS HOMES WORTH OVER 20 BILLION RUPEES IN MUMBAI RESIDENTIAL PROJECT
Source text: ID:nBSE3gYQhG
Further company coverage: GODR.NS
India's Godrej Industries eyes acquisitions in consumer sector, group chair says at Davos
Corrects attribution in paragraph 7 to Nadir Godrej, not Rahul Saraf
By Divya Chowdhury and Praveen Paramasivam
DAVOS, Switzerland, Jan 23 (Reuters) - Indian real estate-to-dairy conglomerate Godrej Industries is eyeing acquisitions in the consumer goods and animal feed sectors despite the high valuations of young companies, the group chair has said.
Dealmaking in the Indian consumer goods and retail sector has picked up as large groups chase growth, reaching a four-year high for January-September, investment bank Equirus Capital said.
"We are constantly looking for acquisitions," Nadir Godrej told the Reuters Global Markets Forum on Thursday, on the sidelines of the World Economic Forum's annual meeting in Davos, Switzerland.
Godrej Consumer Products GOCP.NS last year bought men's grooming brand Muuchstac for about 4.5 billion rupees ($49 million).
Strong demographics, rising consumption and supportive policies continue to attract capital to the world's fourth-largest economy, Rahul Saraf, head of investment banking at Citi India, told the GMF in Davos.
But high valuations are sometimes a pain point.
"Part of the high valuation in India is because it has very high growth rates. You don't have those growth rates in Europe or in America," Nadir Godrej said.
The International Monetary Fund forecasts India's economy will expand more than 7% in fiscal 2026, far outpacing the global average, while its communications department director called the country "a key growth engine for the world".
Nadir Godrej also said the group's food and agri business, Godrej Agrovet GODE.NS, is looking for prospects in the animal feed category, but "never found a really good target" as most peers are regional.
In light of U.S. tariffs on imports from India, the group's consumer business is "working harder in other markets" even though its direct exports to the U.S. are minor, Godrej said.
The group, home to Godrej Properties GODR.NS, does not expect a slowdown in its real estate business, he said. Analysts polled by Reuters say a boom in the luxury housing sector will peter out within five years.
($1 = 91.6240 Indian rupees)
(Join GMF on LSEG Messenger for live interviews: https://lseg.group/3KFHrhe)
(Reporting by Divya Chowdhury in Davos and Praveen Paramasivam in Chennai; Editing by Kevin Liffey)
((Praveen.Paramasivam@thomsonreuters.com; +91 867-525-3569;))
Corrects attribution in paragraph 7 to Nadir Godrej, not Rahul Saraf
By Divya Chowdhury and Praveen Paramasivam
DAVOS, Switzerland, Jan 23 (Reuters) - Indian real estate-to-dairy conglomerate Godrej Industries is eyeing acquisitions in the consumer goods and animal feed sectors despite the high valuations of young companies, the group chair has said.
Dealmaking in the Indian consumer goods and retail sector has picked up as large groups chase growth, reaching a four-year high for January-September, investment bank Equirus Capital said.
"We are constantly looking for acquisitions," Nadir Godrej told the Reuters Global Markets Forum on Thursday, on the sidelines of the World Economic Forum's annual meeting in Davos, Switzerland.
Godrej Consumer Products GOCP.NS last year bought men's grooming brand Muuchstac for about 4.5 billion rupees ($49 million).
Strong demographics, rising consumption and supportive policies continue to attract capital to the world's fourth-largest economy, Rahul Saraf, head of investment banking at Citi India, told the GMF in Davos.
But high valuations are sometimes a pain point.
"Part of the high valuation in India is because it has very high growth rates. You don't have those growth rates in Europe or in America," Nadir Godrej said.
The International Monetary Fund forecasts India's economy will expand more than 7% in fiscal 2026, far outpacing the global average, while its communications department director called the country "a key growth engine for the world".
Nadir Godrej also said the group's food and agri business, Godrej Agrovet GODE.NS, is looking for prospects in the animal feed category, but "never found a really good target" as most peers are regional.
In light of U.S. tariffs on imports from India, the group's consumer business is "working harder in other markets" even though its direct exports to the U.S. are minor, Godrej said.
The group, home to Godrej Properties GODR.NS, does not expect a slowdown in its real estate business, he said. Analysts polled by Reuters say a boom in the luxury housing sector will peter out within five years.
($1 = 91.6240 Indian rupees)
(Join GMF on LSEG Messenger for live interviews: https://lseg.group/3KFHrhe)
(Reporting by Divya Chowdhury in Davos and Praveen Paramasivam in Chennai; Editing by Kevin Liffey)
((Praveen.Paramasivam@thomsonreuters.com; +91 867-525-3569;))
India's Godrej Properties rises after strong third-quarter update
** Shares of Godrej Properties GODR.NS rise 2% to 1,908.6 rupees
** Real estate developer says its Q3 FY26 booking value surged 55% Y/Y to 84.21 billion rupees ($929.10 million)
** Booking value rose 19% Y/Y to 341.71 billion rupees in CY25; collections expand 28% Y/Y 189.79 billion rupees - GODR
** CLSA maintains "outperform" rating and says GODR is well-positioned to exceed its FY26 presales guidance
** GODR rated "buy" on avg by 20 analysts; median PT at 2,672 rupees - data compiled by LSEG
** GODR fell 28% in 2025
($1 = 90.6360 Indian rupees)
(Reporting by Brijesh Patel in Bengaluru)
((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))
** Shares of Godrej Properties GODR.NS rise 2% to 1,908.6 rupees
** Real estate developer says its Q3 FY26 booking value surged 55% Y/Y to 84.21 billion rupees ($929.10 million)
** Booking value rose 19% Y/Y to 341.71 billion rupees in CY25; collections expand 28% Y/Y 189.79 billion rupees - GODR
** CLSA maintains "outperform" rating and says GODR is well-positioned to exceed its FY26 presales guidance
** GODR rated "buy" on avg by 20 analysts; median PT at 2,672 rupees - data compiled by LSEG
** GODR fell 28% in 2025
($1 = 90.6360 Indian rupees)
(Reporting by Brijesh Patel in Bengaluru)
((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))
Godrej Properties Says Booking Value Grew 19% Y/Y In CY 2025
Jan 15 (Reuters) - Godrej Properties Ltd GODR.NS:
GODREJ PROPERTIES - BOOKING VALUE GREW 19% Y/Y IN CY 2025
GODREJ PROPERTIES - COLLECTIONS INCREASED 28% Y/Y IN CY 2025
Source text: ID:nBSE91GwXT
Further company coverage: GODR.NS
Jan 15 (Reuters) - Godrej Properties Ltd GODR.NS:
GODREJ PROPERTIES - BOOKING VALUE GREW 19% Y/Y IN CY 2025
GODREJ PROPERTIES - COLLECTIONS INCREASED 28% Y/Y IN CY 2025
Source text: ID:nBSE91GwXT
Further company coverage: GODR.NS
India's Godrej Properties rises after bying 26-acre land
** Shares of Godrej Properties GODR.NS rise nearly 4% to 2,135 rupees
** GODR set for biggest jump in four months, since June 6
** Real estate developer buys 26-acre land in southern Indian city of Bengaluru
** Co says project estimated to have a revenue potential of 11 billion rupees ($124.50 million)
** GODR rated "Buy" on avg by analysts covering it; median PT at 2,672 rupees - data compiled by LSEG
** YTD, GODR down 23%
($1 = 88.3560 Indian rupees)
(Reporting by Komal Salecha)
** Shares of Godrej Properties GODR.NS rise nearly 4% to 2,135 rupees
** GODR set for biggest jump in four months, since June 6
** Real estate developer buys 26-acre land in southern Indian city of Bengaluru
** Co says project estimated to have a revenue potential of 11 billion rupees ($124.50 million)
** GODR rated "Buy" on avg by analysts covering it; median PT at 2,672 rupees - data compiled by LSEG
** YTD, GODR down 23%
($1 = 88.3560 Indian rupees)
(Reporting by Komal Salecha)
India's Godrej Properties gains after CLSA hikes price target on earnings momentum
** Shares of Godrej Properties GODR.NS rise 2.85% to 2,025 rupees apiece
** CLSA reiterates "outperform", hikes PT to 2,850 rupees from 2,770 rupees
** Brokerage expects Q2 pre-sales of 80-85 bln rupees ($902.32-$958.72 million), up 55% YoY and 15% sequentially
** Pre-sales driven by eight new launches with estimated gross development value (GDV) of 115 bln rupees
** CLSA sees H2 FY25 earnings outpacing H1 on strong pipeline of 350 bln rupees GDV
** Avg rating of 19 analysts is "buy"; median PT of 2,697.50 rupees - data compiled by LSEG
** YTD, GODR down 29% vs realty index's .NIFTYREAL 17% drop
($1 = 88.6600 Indian rupees)
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
** Shares of Godrej Properties GODR.NS rise 2.85% to 2,025 rupees apiece
** CLSA reiterates "outperform", hikes PT to 2,850 rupees from 2,770 rupees
** Brokerage expects Q2 pre-sales of 80-85 bln rupees ($902.32-$958.72 million), up 55% YoY and 15% sequentially
** Pre-sales driven by eight new launches with estimated gross development value (GDV) of 115 bln rupees
** CLSA sees H2 FY25 earnings outpacing H1 on strong pipeline of 350 bln rupees GDV
** Avg rating of 19 analysts is "buy"; median PT of 2,697.50 rupees - data compiled by LSEG
** YTD, GODR down 29% vs realty index's .NIFTYREAL 17% drop
($1 = 88.6600 Indian rupees)
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
India's Godrej Properties rises on 5.4 billion rupee acquisition of land parcel
** India's Godrej Properties GODR.NS rises as much as 2.45% to 2091.9 rupees
** Co emerges as highest bidder for 7.8 acres land parcel in the city of Hyderabad, valued at 5.48 billion rupees
** Co sees estimated revenue potential of 38 billion rupees ($436.91 million), utilizing the land parcel to build premium residential apartments
** Stock last up 1.5%
** GODR down ~25.6% YTD
($1 = 86.9750 Indian rupees)
(Reporting by Ananta Agarwal in Bengaluru)
** India's Godrej Properties GODR.NS rises as much as 2.45% to 2091.9 rupees
** Co emerges as highest bidder for 7.8 acres land parcel in the city of Hyderabad, valued at 5.48 billion rupees
** Co sees estimated revenue potential of 38 billion rupees ($436.91 million), utilizing the land parcel to build premium residential apartments
** Stock last up 1.5%
** GODR down ~25.6% YTD
($1 = 86.9750 Indian rupees)
(Reporting by Ananta Agarwal in Bengaluru)
India's Godrej Properties plans its largest-ever bond issue, sources say
By Dharamraj Dhutia
MUMBAI, Aug 4 (Reuters) - Godrej Properties GODR.NS, the real estate unit of India's Godrej Industries GODI.NS, is set to tap the corporate bond market later this month with its largest issue to date, three sources aware of the matter said.
The real estate developer is likely to raise around 20 billion rupees ($230 million) through the sale of shorter duration bonds, with a maturity of three to five years, the sources said last week.
"The company could look to tap the market after the central bank's monetary policy decision this week, in the hope that yields ease further," one of the sources said.
All the sources requested anonymity as the talks are private. Godrej Properties did not reply to a Reuters email seeking comment.
The bonds are rated 'AA+', and this will be the company's first bond issuance in nearly a year.
Last September, it had raised around 650 million rupees through the sale of five-year bonds at an annual coupon of 8.50%.
Godrej Properties has borrowed 25 billion rupees through bonds since September 2023. The upcoming sale would take its outstanding issuances to 45 billion rupees.
The Mumbai-based firm last month acquired around 50 acres of land for premium plotted residential units in the Indian state of Chhattisgarh.
($1 = 87.2300 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
By Dharamraj Dhutia
MUMBAI, Aug 4 (Reuters) - Godrej Properties GODR.NS, the real estate unit of India's Godrej Industries GODI.NS, is set to tap the corporate bond market later this month with its largest issue to date, three sources aware of the matter said.
The real estate developer is likely to raise around 20 billion rupees ($230 million) through the sale of shorter duration bonds, with a maturity of three to five years, the sources said last week.
"The company could look to tap the market after the central bank's monetary policy decision this week, in the hope that yields ease further," one of the sources said.
All the sources requested anonymity as the talks are private. Godrej Properties did not reply to a Reuters email seeking comment.
The bonds are rated 'AA+', and this will be the company's first bond issuance in nearly a year.
Last September, it had raised around 650 million rupees through the sale of five-year bonds at an annual coupon of 8.50%.
Godrej Properties has borrowed 25 billion rupees through bonds since September 2023. The upcoming sale would take its outstanding issuances to 45 billion rupees.
The Mumbai-based firm last month acquired around 50 acres of land for premium plotted residential units in the Indian state of Chhattisgarh.
($1 = 87.2300 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
India's Godrej Properties up on entering new market with land acquisition
** Godrej Properties GODR.NS closes nearly 2% higher at 2,339.2 rupees
** Mumbai-based real estate developer enters Raipur, Chhattisgarh state, with 50-acre land acquisition for premium plotted residential units
** Co says Raipur, an emerging real estate market, is seeing strong demand for residential plotted developments and strong infrastructure growth
** GODR shares down about 16% YTD
(Reporting by Ananta Agarwal in Bengaluru)
** Godrej Properties GODR.NS closes nearly 2% higher at 2,339.2 rupees
** Mumbai-based real estate developer enters Raipur, Chhattisgarh state, with 50-acre land acquisition for premium plotted residential units
** Co says Raipur, an emerging real estate market, is seeing strong demand for residential plotted developments and strong infrastructure growth
** GODR shares down about 16% YTD
(Reporting by Ananta Agarwal in Bengaluru)
Godrej Properties Enters Raipur With 50-Acre Land Acquisition
July 16 (Reuters) - Godrej Properties Ltd GODR.NS:
GODREJ PROPERTIES LTD - ENTERS RAIPUR WITH 50-ACRE LAND ACQUISITION
GODREJ PROPERTIES LTD - DEVELOPMENT TO OFFER 950,000 SQ FT SALEABLE AREA
Source text: ID:nBSE5LrV3f
Further company coverage: GODR.NS
July 16 (Reuters) - Godrej Properties Ltd GODR.NS:
GODREJ PROPERTIES LTD - ENTERS RAIPUR WITH 50-ACRE LAND ACQUISITION
GODREJ PROPERTIES LTD - DEVELOPMENT TO OFFER 950,000 SQ FT SALEABLE AREA
Source text: ID:nBSE5LrV3f
Further company coverage: GODR.NS
India's Godrej Properties slips; Nomura starts with near Street-low PT
** Godrej Properties GODR.NS down ~2% to 2,273 rupees
** Nomura starts with "reduce"; stock rated "buy" on avg, per data compiled by LSEG
** PT of 1,900 rupees second-to-lowest, just 100 rupees above Street-low target; median PT is 2,713.50 rupees
** Brokerage expects FY26 pre-sales to miss co's forecast by 5% on weaker new launches "amid fading exuberance among buyers in India's real estate market"
** Says medium-term pre-sales growth could be slower as new trends "do not inspire confidence" in co's ability to sharply scale new launches
** Believes challenges to execution visible, given deliveries not ramping up as fast as sales volumes
** YTD, GODR falls ~19%
(Reporting by Hritam Mukherjee in Bengaluru)
** Godrej Properties GODR.NS down ~2% to 2,273 rupees
** Nomura starts with "reduce"; stock rated "buy" on avg, per data compiled by LSEG
** PT of 1,900 rupees second-to-lowest, just 100 rupees above Street-low target; median PT is 2,713.50 rupees
** Brokerage expects FY26 pre-sales to miss co's forecast by 5% on weaker new launches "amid fading exuberance among buyers in India's real estate market"
** Says medium-term pre-sales growth could be slower as new trends "do not inspire confidence" in co's ability to sharply scale new launches
** Believes challenges to execution visible, given deliveries not ramping up as fast as sales volumes
** YTD, GODR falls ~19%
(Reporting by Hritam Mukherjee in Bengaluru)
Godrej Properties Sells 2.5% Stake In MEPL For 32.5 Million Rupees
June 25 (Reuters) - Godrej Properties Ltd GODR.NS:
GODREJ PROPERTIES LTD - SELLS 2.5% STAKE IN MEPL FOR 32.5 MILLION RUPEES
GODREJ PROPERTIES LTD - GPDL SELLS 2.5% STAKE IN MHPL FOR 334.4 MILLION RUPEES
GODREJ PROPERTIES LTD - GPDL SELLS 2.5% STAKE IN VLDPL FOR 172.7 MILLION RUPEES
Further company coverage: GODR.NS
June 25 (Reuters) - Godrej Properties Ltd GODR.NS:
GODREJ PROPERTIES LTD - SELLS 2.5% STAKE IN MEPL FOR 32.5 MILLION RUPEES
GODREJ PROPERTIES LTD - GPDL SELLS 2.5% STAKE IN MHPL FOR 334.4 MILLION RUPEES
GODREJ PROPERTIES LTD - GPDL SELLS 2.5% STAKE IN VLDPL FOR 172.7 MILLION RUPEES
Further company coverage: GODR.NS
Godrej Properties Sells Homes Worth Over 20 Bln Rupees At Launch Of Godrej MSR City
June 23 (Reuters) - Godrej Properties Ltd GODR.NS:
GODREJ PROPERTIES - SELLS HOMES WORTH OVER 20 BILLION RUPEES AT LAUNCH OF GODREJ MSR CITY
Source text: ID:nBSE6Cc9Dx
Further company coverage: GODR.NS
June 23 (Reuters) - Godrej Properties Ltd GODR.NS:
GODREJ PROPERTIES - SELLS HOMES WORTH OVER 20 BILLION RUPEES AT LAUNCH OF GODREJ MSR CITY
Source text: ID:nBSE6Cc9Dx
Further company coverage: GODR.NS
India's Ahluwalia Contracts jumps on 3.97 bln rupee order from Godrej Properties
** Shares of Ahluwalia Contracts (India) AHLU.NS jump ~6% to 914 rupees
** Construction firm gets 3.97 bln rupees ($46.3 mln) order from real estate developer Godrej Properties GODR.NS
** More than 215,000 shares change hands by 11:15 a.m. IST, more than twice their 30-day avg
** YTD, AHLU down 11% but stock closed last trading session logging sixth straight weeks of gains
(Reporting by Hritam Mukherjee in Bengaluru)
** Shares of Ahluwalia Contracts (India) AHLU.NS jump ~6% to 914 rupees
** Construction firm gets 3.97 bln rupees ($46.3 mln) order from real estate developer Godrej Properties GODR.NS
** More than 215,000 shares change hands by 11:15 a.m. IST, more than twice their 30-day avg
** YTD, AHLU down 11% but stock closed last trading session logging sixth straight weeks of gains
(Reporting by Hritam Mukherjee in Bengaluru)
India's Godrej Properties gains; ICICI Securities raises to 'buy'
** Godrej Properties GODR.NS rises 1.3% to 1,999.30 rupees; last up 0.3%
** ICICI Securities upgrades to "buy" from "hold"; raises PT to 2,515 rupees from 2,482 rupees
** Co posts FY25 gross sales bookings of 294 bln rupees ($3.42 bln), above its annual expectation of 270 bln rupees
** Brokerage expects FY26 sales bookings to touch 305 bln rupees and 312 bln rupees in FY27 on strong launch pipeline
** Says residential demand slowdown, muted price growth will be key risks for co
** Stock rated "buy" on avg; mean PT of 3,040 rupees, per data compiled by LSEG
** GODR down ~28% YTD
($1 = 86.0370 Indian rupees)
(Reporting by Vijay Malkar)
** Godrej Properties GODR.NS rises 1.3% to 1,999.30 rupees; last up 0.3%
** ICICI Securities upgrades to "buy" from "hold"; raises PT to 2,515 rupees from 2,482 rupees
** Co posts FY25 gross sales bookings of 294 bln rupees ($3.42 bln), above its annual expectation of 270 bln rupees
** Brokerage expects FY26 sales bookings to touch 305 bln rupees and 312 bln rupees in FY27 on strong launch pipeline
** Says residential demand slowdown, muted price growth will be key risks for co
** Stock rated "buy" on avg; mean PT of 3,040 rupees, per data compiled by LSEG
** GODR down ~28% YTD
($1 = 86.0370 Indian rupees)
(Reporting by Vijay Malkar)
Godrej Properties Says Q4 Fy25 Booking Value Grew 87% QoQ And 7% YoY
April 8 (Reuters) - Godrej Properties Ltd GODR.NS:
GODREJ PROPERTIES - Q4 FY25 BOOKING VALUE GREW 87% QOQ AND 7% YOY
GODREJ PROPERTIES LTD - FY25 BOOKING VALUE GROWS 31% YOY TO 294.44 BILLION RUPEES
Source text: [ID:]
Further company coverage: GODR.NS
April 8 (Reuters) - Godrej Properties Ltd GODR.NS:
GODREJ PROPERTIES - Q4 FY25 BOOKING VALUE GREW 87% QOQ AND 7% YOY
GODREJ PROPERTIES LTD - FY25 BOOKING VALUE GROWS 31% YOY TO 294.44 BILLION RUPEES
Source text: [ID:]
Further company coverage: GODR.NS
Godrej Properties To Develop A Project In Versova, Mumbai
April 4 (Reuters) - Godrej Properties Ltd GODR.NS:
GODREJ PROPERTIES TO DEVELOP A PROJECT IN VERSOVA, MUMBAI
PROPOSED DEVELOPMENT WILL HAVE REVENUE POTENTIAL OF 13.5 BILLION RUPEES
Further company coverage: GODR.NS
April 4 (Reuters) - Godrej Properties Ltd GODR.NS:
GODREJ PROPERTIES TO DEVELOP A PROJECT IN VERSOVA, MUMBAI
PROPOSED DEVELOPMENT WILL HAVE REVENUE POTENTIAL OF 13.5 BILLION RUPEES
Further company coverage: GODR.NS
Godrej Properties Sells Homes Worth Over 20 Bln Rupees At Launch Of Project Godrej Riverine In Noida
April 1 (Reuters) - Godrej Properties Ltd GODR.NS:
SELLS HOMES WORTH OVER 20 BILLION RUPEES AT LAUNCH OF PROJECT GODREJ RIVERINE IN NOIDA
Source text: [ID:]
Further company coverage: GODR.NS
April 1 (Reuters) - Godrej Properties Ltd GODR.NS:
SELLS HOMES WORTH OVER 20 BILLION RUPEES AT LAUNCH OF PROJECT GODREJ RIVERINE IN NOIDA
Source text: [ID:]
Further company coverage: GODR.NS
Godrej Properties Sells Homes Worth Over 10 Bln Rupees At Launch Of Project In Gurugram
March 28 (Reuters) - Godrej Properties Ltd GODR.NS:
SELLS HOMES WORTH OVER 10 BILLION RUPEES AT LAUNCH OF PROJECT IN GURUGRAM
Source text: ID:nNSE9Vtysj
Further company coverage: GODR.NS
March 28 (Reuters) - Godrej Properties Ltd GODR.NS:
SELLS HOMES WORTH OVER 10 BILLION RUPEES AT LAUNCH OF PROJECT IN GURUGRAM
Source text: ID:nNSE9Vtysj
Further company coverage: GODR.NS
Godrej Properties Sells Homes Worth Over 10 Billion Rupees In Hyderabad
March 25 (Reuters) - Godrej Properties Ltd GODR.NS:
GODREJ PROPERTIES - SELLS HOMES WORTH OVER 10 BILLION RUPEES IN HYDERABAD
Source text: ID:nNSE30swmm
Further company coverage: GODR.NS
March 25 (Reuters) - Godrej Properties Ltd GODR.NS:
GODREJ PROPERTIES - SELLS HOMES WORTH OVER 10 BILLION RUPEES IN HYDERABAD
Source text: ID:nNSE30swmm
Further company coverage: GODR.NS
India's Godrej Properties gains on buying land in Bengaluru
** Godrej Properties GODR.NS rises 2.1% to 2,189.05 rupees
** Real estate developer acquires 10-acre land parcel in Bengaluru's Yelahanka to develop residential project with estimated saleable area of 1.5 mln square feet and rev potential of 25 bln rupees ($291 mln)
** Stock set to gain for sixth straight session
** GODR sheds ~21% YTD
($1 = 85.9170 Indian rupees)
(Reporting by Vijay Malkar)
** Godrej Properties GODR.NS rises 2.1% to 2,189.05 rupees
** Real estate developer acquires 10-acre land parcel in Bengaluru's Yelahanka to develop residential project with estimated saleable area of 1.5 mln square feet and rev potential of 25 bln rupees ($291 mln)
** Stock set to gain for sixth straight session
** GODR sheds ~21% YTD
($1 = 85.9170 Indian rupees)
(Reporting by Vijay Malkar)
Godrej Properties Says Acquired About 10 Acres Of Land In Bengaluru
March 21 (Reuters) - Godrej Properties Ltd GODR.NS:
GODREJ PROPERTIES - ACQUIRED ABOUT 10 ACRES OF LAND IN YELAHANKA, BENGALURU
GODREJ PROPERTIES - PROJECT HAS AN ESTIMATED REVENUE POTENTIAL OF 25 BILLION RUPEES
Source text: [ID:]
Further company coverage: GODR.NS
March 21 (Reuters) - Godrej Properties Ltd GODR.NS:
GODREJ PROPERTIES - ACQUIRED ABOUT 10 ACRES OF LAND IN YELAHANKA, BENGALURU
GODREJ PROPERTIES - PROJECT HAS AN ESTIMATED REVENUE POTENTIAL OF 25 BILLION RUPEES
Source text: [ID:]
Further company coverage: GODR.NS
TCM Cancels Development Agreement With Godrej Properties
March 4 (Reuters) - TCM Ltd TRVN.BO:
CANCELS DEVELOPMENT AGREEMENT WITH GODREJ PROPERTIES
Source text: ID:nBSE2BMVtG
Further company coverage: TRVN.BO
March 4 (Reuters) - TCM Ltd TRVN.BO:
CANCELS DEVELOPMENT AGREEMENT WITH GODREJ PROPERTIES
Source text: ID:nBSE2BMVtG
Further company coverage: TRVN.BO
Godrej Properties Cancels Agreement With TCM Limited
March 3 (Reuters) - Godrej Properties Ltd GODR.NS:
CANCELS AGREEMENT WITH TCM LIMITED
NO MATERIAL IMPACT ON FINANCIALS FROM AGREEMENT CANCELLATION
Source text: ID:nBSE98N8TJ
Further company coverage: GODR.NS
March 3 (Reuters) - Godrej Properties Ltd GODR.NS:
CANCELS AGREEMENT WITH TCM LIMITED
NO MATERIAL IMPACT ON FINANCIALS FROM AGREEMENT CANCELLATION
Source text: ID:nBSE98N8TJ
Further company coverage: GODR.NS
India New Issue-Godrej Housing Finance to issue 5-year bonds, bankers say
MUMBAI, Feb 27 (Reuters) - India's Godrej Housing Finance plans to raise 5 billion rupees ($57.41 million), including a greenshoe option of 2.50 billion rupees, through the sale of bonds maturing in five years, three bankers said on Thursday.
It will pay an annual coupon of 8.17% on this issue and has invited bids from bankers and investors for the issue on Friday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on February 27:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Godrej Housing Finance | 5 years | 8.17 | 2.50+2.50 | Feb. 28 | AA+ (Crisil, Care) |
Bajaj Finance Feb 2030 reissue | 5 years | To be decided | 4.05+20.25 | Feb. 27 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 87.1000 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, Feb 27 (Reuters) - India's Godrej Housing Finance plans to raise 5 billion rupees ($57.41 million), including a greenshoe option of 2.50 billion rupees, through the sale of bonds maturing in five years, three bankers said on Thursday.
It will pay an annual coupon of 8.17% on this issue and has invited bids from bankers and investors for the issue on Friday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on February 27:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Godrej Housing Finance | 5 years | 8.17 | 2.50+2.50 | Feb. 28 | AA+ (Crisil, Care) |
Bajaj Finance Feb 2030 reissue | 5 years | To be decided | 4.05+20.25 | Feb. 27 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 87.1000 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
Godrej Properties Says FIR Registered Against Godrej Estate Developers By CBI
Feb 26 (Reuters) - Godrej Properties Ltd GODR.NS:
GODREJ PROPERTIES LTD - FIR REGISTERED AGAINST GODREJ ESTATE DEVELOPERS BY CBI
GODREJ PROPERTIES LTD - FIR ALLEGES LACK OF NBWL CLEARANCE FOR GODREJ ETERNIA PROJECT
GODREJ PROPERTIES LTD - ASSESSING IMPACT OF FIR ON FINANCIALS AND OPERATIONS
GODREJ PROPERTIES LTD - DOES NOT EXPECT ADVERSE FINANCIAL CONSEQUENCES
Source text: ID:nNSE6QnfPg
Further company coverage: GODR.NS
Feb 26 (Reuters) - Godrej Properties Ltd GODR.NS:
GODREJ PROPERTIES LTD - FIR REGISTERED AGAINST GODREJ ESTATE DEVELOPERS BY CBI
GODREJ PROPERTIES LTD - FIR ALLEGES LACK OF NBWL CLEARANCE FOR GODREJ ETERNIA PROJECT
GODREJ PROPERTIES LTD - ASSESSING IMPACT OF FIR ON FINANCIALS AND OPERATIONS
GODREJ PROPERTIES LTD - DOES NOT EXPECT ADVERSE FINANCIAL CONSEQUENCES
Source text: ID:nNSE6QnfPg
Further company coverage: GODR.NS
Godrej Properties Q3 Consol Net Profit 1.63 Billion Rupees
Feb 4 (Reuters) - Godrej Properties Ltd GODR.NS:
Q3 CONSOL NET PROFIT 1.63 BILLION RUPEES
Q3 CONSOL REVENUE FROM OPERATIONS 9.69 BILLION RUPEES
Further company coverage: GODR.NS
Feb 4 (Reuters) - Godrej Properties Ltd GODR.NS:
Q3 CONSOL NET PROFIT 1.63 BILLION RUPEES
Q3 CONSOL REVENUE FROM OPERATIONS 9.69 BILLION RUPEES
Further company coverage: GODR.NS
Indian housing market shows slowdown immunity, Godrej chairperson says
By Divya Chowdhury and Praveen Paramasivam
DAVOS, Switzerland, Jan 20 (Reuters) - India's economic slowdown is not expected to show up in the country's housing market, Godrej Industries Group Chairperson Nadir Godrej said in an interview on Monday.
Godrej, an Indian conglomerate which mainly targets the "middle category" of India's housing sector, is keeping a close watch on its debt given the cyclical nature of the business and is hopeful of riding out a potential down cycle, he added.
India forecast its slowest economic growth in four years for the year ending March, weeks after the country's central bank lowered its growth outlook for the next financial year.
Middle class Indians in the country's major cities are already cutting spending due to persistent inflation.
A slowdown is not evident in the housing sector, which struggles during downturns, and nor is one imminent, Godrej told the Reuters Global Markets Forum on the sidelines of the World Economic Forum's annual meeting in Davos, Switzerland.
A Reuters poll published last month forecast house prices in India will rise steadily over the coming years, driven mainly by demand from wealthy individuals. But rising inflation will make owning a property unattainable for most.
Godrej's group, which has annual revenue of more than $6 billion, includes Godrej Properties GODR.NS as well as animal feed and vegetable oil manufacturer Godrej Agrovet GODE.NS and Cinthol soapmaker Godrej Consumer Products GOCP.NS.
Godrej said India's rural economy is improving due to an increase in consumption in villages.
(Join GMF, a chat room hosted on LSEG Messenger, for live interviews: https://lseg.group/4ajdDTy)
(Reporting by Divya Chowdhury in Davos and Praveen Paramasivam in Chennai; Editing by Alexander Smith)
((Praveen.Paramasivam@thomsonreuters.com; +91 867-525-3569;))
By Divya Chowdhury and Praveen Paramasivam
DAVOS, Switzerland, Jan 20 (Reuters) - India's economic slowdown is not expected to show up in the country's housing market, Godrej Industries Group Chairperson Nadir Godrej said in an interview on Monday.
Godrej, an Indian conglomerate which mainly targets the "middle category" of India's housing sector, is keeping a close watch on its debt given the cyclical nature of the business and is hopeful of riding out a potential down cycle, he added.
India forecast its slowest economic growth in four years for the year ending March, weeks after the country's central bank lowered its growth outlook for the next financial year.
Middle class Indians in the country's major cities are already cutting spending due to persistent inflation.
A slowdown is not evident in the housing sector, which struggles during downturns, and nor is one imminent, Godrej told the Reuters Global Markets Forum on the sidelines of the World Economic Forum's annual meeting in Davos, Switzerland.
A Reuters poll published last month forecast house prices in India will rise steadily over the coming years, driven mainly by demand from wealthy individuals. But rising inflation will make owning a property unattainable for most.
Godrej's group, which has annual revenue of more than $6 billion, includes Godrej Properties GODR.NS as well as animal feed and vegetable oil manufacturer Godrej Agrovet GODE.NS and Cinthol soapmaker Godrej Consumer Products GOCP.NS.
Godrej said India's rural economy is improving due to an increase in consumption in villages.
(Join GMF, a chat room hosted on LSEG Messenger, for live interviews: https://lseg.group/4ajdDTy)
(Reporting by Divya Chowdhury in Davos and Praveen Paramasivam in Chennai; Editing by Alexander Smith)
((Praveen.Paramasivam@thomsonreuters.com; +91 867-525-3569;))
Godrej Properties Launches First Project In Hyderabad
Jan 13 (Reuters) - Godrej Properties Ltd GODR.NS:
GODREJ PROPERTIES - ENTERS HYDERABAD WITH LAUNCH OF ITS FIRST PROJECT
GODREJ PROPERTIES - PROJECT WITH ESTIMATED BOOKING VALUE OF 13 BILLION RUPEES
Source text: ID:nBSE8L43DP
Further company coverage: GODR.NS
Jan 13 (Reuters) - Godrej Properties Ltd GODR.NS:
GODREJ PROPERTIES - ENTERS HYDERABAD WITH LAUNCH OF ITS FIRST PROJECT
GODREJ PROPERTIES - PROJECT WITH ESTIMATED BOOKING VALUE OF 13 BILLION RUPEES
Source text: ID:nBSE8L43DP
Further company coverage: GODR.NS
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What does Godrej Properties do?
Godrej Properties is engaged primarily in the business of real estate construction, development and other related activities. The company focuses on developing residential, commercial and township projects. Godrej Properties is also into the plotted development space in Tier-2 cities, recognizing their sales potential. The brand has been crucial in developing solid relationships with customers, service providers, partners, investors and lenders.
Who are the competitors of Godrej Properties?
Godrej Properties major competitors are Prestige EstatesProj, Phoenix Mills, Oberoi Realty, Lodha Developers, Brigade Enterprises, Anant Raj, Sobha. Market Cap of Godrej Properties is ₹45,463 Crs. While the median market cap of its peers are ₹49,650 Crs.
Is Godrej Properties financially stable compared to its competitors?
Godrej Properties seems to be less financially stable compared to its competitors. Altman Z score of Godrej Properties is 1.5 and is ranked 5 out of its 8 competitors.
Does Godrej Properties pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Godrej Properties latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Godrej Properties allocated its funds?
Companies resources are allocated to majorly unproductive assets like Inventory
How strong is Godrej Properties balance sheet?
Godrej Properties balance sheet is weak and might have solvency issues
Is the profitablity of Godrej Properties improving?
Yes, profit is increasing. The profit of Godrej Properties is ₹1,734 Crs for TTM, ₹1,400 Crs for Mar 2025 and ₹725 Crs for Mar 2024.
Is the debt of Godrej Properties increasing or decreasing?
Yes, The net debt of Godrej Properties is increasing. Latest net debt of Godrej Properties is ₹10,854 Crs as of Sep-25. This is greater than Mar-25 when it was ₹1,833 Crs.
Is Godrej Properties stock expensive?
Godrej Properties is not expensive. Latest PE of Godrej Properties is 28.73, while 3 year average PE is 63.1. Also latest EV/EBITDA of Godrej Properties is 0.0 while 3yr average is 334.
Has the share price of Godrej Properties grown faster than its competition?
Godrej Properties has given lower returns compared to its competitors. Godrej Properties has grown at ~3.67% over the last 4yrs while peers have grown at a median rate of 16.37%
Is the promoter bullish about Godrej Properties?
Promoters seem to be bullish about the company. Latest quarter promoter holding is 47.17% and last quarter promoter holding is 47.05%.
Are mutual funds buying/selling Godrej Properties?
The mutual fund holding of Godrej Properties is increasing. The current mutual fund holding in Godrej Properties is 7.38% while previous quarter holding is 7.29%.