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GODREJPROP Diversified 15 May 2024

Godrej Properties Limited — Q4 FY24

Godrej Properties reported its best-ever quarter with booking value of INR 9,519 crore, up 135% YoY, driven by strong launches like Godrej Zenith (INR 3,008 crore) and Godrej Re...

bullish high
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Revenue ₹1,426 Cr +1%
EBITDA ₹649 Cr +3%
PAT ₹478 Cr +14%
EBITDA Margin 9%
Duration
Read Time 1 min read

✓ Verified against BSE filing

Delivery score0%
Due this quarter3
Delivered0
Missed3

Indian management teams deliver on roughly 12% of specific earnings-call promises. A low score does not indicate dishonesty — it reflects how aspirational forward guidance typically is.

Q3 FY24

Annual bookings guidance of ₹14,000 crore expected to be exceeded

Management confident of surpassing the full-year bookings target of ₹14,000 crore, given the strong momentum and pipeline.

Missed

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

heuristic_v1
Q3 FY24

Cash collections guidance of ₹10,000 crore on track

Company remains on track to achieve ₹10,000 crore in cash collections for FY24, with strong collections in Q3.

Missed

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

heuristic_v1
Q3 FY24

Gearing ratio target of 0.5x to 1x

Company aims to maintain net debt-to-equity between 0.5:1 and 1:1, but may temporarily exceed for opportunities.

Missed

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

heuristic_v1