Pirojsha Godrej

Our belief has been that there is opportunity, irrespective of what happens with the overall market. We've seen, for example, I think last year was our ninth consecutive year of booking value growth.

We are quite confident that that visibility will change considerably, as we said, by FY 2028, by when we expect the accounting numbers to catch up to at least some extent, and we expect to be able to deliver the 20% ROE we've talked about.

I think there is no constraint in that sense to the growth opportunity before us. As a company, if we look at residential sales on a national level, we are currently last year at about 4.3% of total sales. Clearly, we think that gives us headroom for growth.

I think this is the most important metric for the company. Whether we look at incentives or other things, certainly this will be the key focus.

We have delivered our highest ever quarterly net profit of INR 600 crore in the first quarter, a growth of 50% year-on-year.

We remain very confident of the guidance. Both on collections and deliveries quarter to quarter.

Calendar year 2024 was a record-breaking year for Godrej Properties. Our booking value reached ₹28,800 crore, a year-on-year growth of 69%.

We've seen six consecutive quarters of ₹5,000 crore plus sales. I think that's an industry record.

We've already achieved 51% of our annual bookings guidance.

Our goal isn't to do only luxury developments, which have their own drawbacks.

We are seeing a lot of opportunities that do meet this threshold still, but I think the IRR threshold of 20%-25% is what we look at.

GPL achieved its highest-ever net profit in the quarter of INR 520 crore.