Economy & Market

Godrej Properties Q4 FY17 comes in at Rs 63 crore

Published

8 years ago

May 3, 2017

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Godrej Properties Limited (GPL), a real-estate developer, has announced its financial results for the fourth quarter and year ended March 31, 2017. Its Q4 FY17 net profit came in at Rs 63 crore. FY17 net profit has gone up by 30 per cent y-o-y to Rs 207 crore. The company sold more than 1 million sq ft with a booking value in excess of Rs 560 crore at Godrej Golf Links in Greater Noida in FY17. It also delivered 4.55 million sq ft across four cities in FY17.Sales Highlights

FY2017 witnessed total booking value of Rs 2,020 crore and total booking volume of 3,109,240 sq ft;
Residential projects recorded booking value of Rs 1,784 crore and booking volume of 2,999,341 sq ft in FY17;
Commercial projects recorded booking value of Rs 237 crore and booking volume of 109,899 sq ft in FY17;
Q4 FY2017 witnessed total booking value of Rs 340 crore and total booking volume of 589,169 sq ft.
schedule

Other Highlights

27 awards received in Q4 FY17
Godrej Horizon received IGBC Gold certification

Commenting on the performance, Pirojsha Godrej, Executive Chairman, Godrej Properties Limited, said, "FY17 has been a strong year for business development as we added seven new projects with a saleable area of 18 million sq ft. We entered the Noida market and sold more than 1 million sq ft despite weak market conditions. We have started FY18 well and sold over 1,000 apartments with successful launches across Mumbai, Pune and NCR. We look forward to building on this momentum in the year ahead."

Concrete

Shree Cement reports 2025 financial year results

Published

6 days ago

June 17, 2025

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Shree Cement posted revenue of US$2.38 billion for FY2025, marking a 5.5 per cent decline year-on-year. Operating costs rose 2.9 per cent to US$2.17 billion, resulting in an EBITDA of US$528 million—down 12 per cent from the previous year. Net profit fell 50 per cent to US$141 million. The company reported cement sales of 9.84Mt in Q4 FY2025, a 3.3 per cent increase from 9.53Mt in Q4 FY2024, with premium products making up 16 per cent of total sales.

Image source:https://newsmantra.in/

Concrete

Rekha Onteddu to become director at Sagar Cements

Published

6 days ago

June 17, 2025

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Sagar Cements has announced the appointment of Rekha Onteddu as a non-executive independent director, effective 30 June 2025. According to People in Business News, Rekha Onteddu is currently serving in a similar capacity at Andhra Cements, the parent company of Sagar Cements.

Image source:https://sagarcements.in/

Concrete

India’s cement consumption set to rise

Published

6 days ago

June 17, 2025

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According to a Moody’s report, India’s cement consumption is projected to rise by 50 per cent over the next five years, increasing from 445 million metric tons per annum (MMTPA) in FY24 to 670 MMTPA by 2030. This growth is expected to be driven by government infrastructure spending and rising housing demand, with an anticipated annual growth rate of 6-7 per cent. To meet this demand, major cement companies are likely to continue acquiring smaller, less profitable firms.

Image source:https://www.telegraphindia.com/