Godrej Properties Limited has informed the Exchange regarding Outcome of Board Meeting held on May 02, 2025.
GODREJPROP · price
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On the reaction day the stock moved 5.4 pts more than Nifty Midcap 150 and 5.2 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Godrej Properties reported strong FY25 results with standalone revenue from operations rising ~46% to ₹1,949.62 Cr and standalone profit after tax jumping ~79% to ₹1,011.01 Cr, while consolidated revenue grew ~62% to ₹4,922.84 Cr and consolidated PAT nearly doubled to ₹1,389.23 Cr. Consolidated EPS for the year stood at ₹49.02 vs ₹26.09 in FY24. The company raised ₹6,000 Cr through a Qualified Institutions Placement during the year, which strengthened the balance sheet—consolidated net debt/equity ratio improved sharply from 0.62 to 0.19. Statutory auditor B S R & Co. LLP issued an unmodified (clean) opinion on both standalone and consolidated results. However, the Board did not recommend any dividend for FY25, and standalone net cash flow from operating activities turned negative at ₹(1,757.84) Cr versus a positive ₹179.51 Cr in FY24, reflecting heavy working capital deployment.
Strong top-line and bottom-line growth, a cleaner balance sheet from the ₹6,000 Cr QIP, and a clean audit opinion are positives for shareholders. The absence of a dividend and the sharp swing to negative operating cash flow may be points of concern, though negative operating cash flow is typical for working-capital-heavy real estate developers. Overall, results are likely to be viewed positively by the market.