Highlights
- Sales over the Year and quarter: The company’s sales declined by -13.37 % over the year, substantial increase in net sales/revenue by 331.57 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 85.24 %. Marginal increase in other income during this quarter, up by 171.92%.
- Profit over the Year and quarter: Significant improvement in profitability for Godrej Properties Limited. Notable increase of 5.32 % in net profit Year to Year, Godrej Properties Limited’s profitability increased by 662.13 % in this quarter.
- EPS over the Year and quarter: EPS increased by 14.37 % Year to Year. EPS increased by 656.7 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1646.27 Cr | Rs. 330.44 Cr | Rs. 1426.09 Cr | + 331.57 % | -13.37 % |
| Expenses | Rs. 1300.26 Cr | Rs. 372.01 Cr | Rs. 1303.34 Cr | + 250.35 % | + 0.24 % |
| Operating Profit | Rs. 346.01 Cr | Rs. -41.57 Cr | Rs. 122.75 Cr | + 395.29 % | -64.52 % |
| OPM % | 21.02 % | -12.58 % | 8.61 % | + 21.19 % | -12.41 % |
| Other Income | Rs. 283.83 Cr | Rs. 193.36 Cr | Rs. 525.78 Cr | + 171.92 % | + 85.24 % |
| Interest | Rs. 53.53 Cr | Rs. 42.97 Cr | Rs. 31.46 Cr | -26.79 % | -41.23 % |
| Depreciation | Rs. 6.58 Cr | Rs. 14.16 Cr | Rs. 16.08 Cr | + 13.56 % | + 144.38 % |
| Profit before tax | Rs. 569.73 Cr | Rs. 94.66 Cr | Rs. 600.99 Cr | + 534.89 % | + 5.49 % |
| Tax % | 24.22 % | 26.8 % | 21.81 % | -4.99 % | -2.41 % |
| Net Profit | Rs. 453.87 Cr | Rs. 62.72 Cr | Rs. 478.01 Cr | + 662.13 % | + 5.32 % |
| EPS in Rs | Rs. 14.82 | Rs. 2.24 | Rs. 16.95 | + 656.7 % | + 14.37 % |
Today, we’re looking at Godrej Properties Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -13.37 %. However, it did see a marginal increase of 331.57 % from the previous quarter. Expenses ticked up slightly by 250.35 % quarter-on-quarter, aligning with the annual rise of 0.24 %. Operating profit, while down -64.52 % compared to last year, faced a quarter-on-quarter increase of 395.29 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -12.41 %, but an expansion of 21.19 % sequentially. Other income rose by 171.92 % compared to the last quarter, despite an annual growth of 85.24 %. Interest expenses dropped significantly by -26.79 % from the previous quarter, yet the year-over-year decrease remains at a moderate -41.23 %. Depreciation costs climbed by 13.56 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 144.38 %. Profit before tax grew annually by 5.49 % but saw an increase from the preceding quarter by 534.89 %.
Tax expenses as a percentage of profits decreased slightly by -2.41 % compared to last year, with a more notable quarter-on-quarter decrease of -4.99 %. Net profit rose by 5.32 % year-on-year but experienced a 662.13 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 14.37 % but a quarterly rise of 656.7 %. In summary, Godrej Properties Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1646.27 Cr | Rs. 330.44 Cr | Rs. 1426.09 Cr | + 331.57 % | -13.37 % |
| Expenses | Rs. 1300.26 Cr | Rs. 372.01 Cr | Rs. 1303.34 Cr | + 250.35 % | + 0.24 % |
| Operating Profit | Rs. 346.01 Cr | Rs. -41.57 Cr | Rs. 122.75 Cr | + 395.29 % | -64.52 % |
| Net Profit | Rs. 453.87 Cr | Rs. 62.72 Cr | Rs. 478.01 Cr | + 662.13 % | + 5.32 % |
| EPS in Rs | Rs. 14.82 | Rs. 2.24 | Rs. 16.95 | + 656.7 % | + 14.37 % |
In reviewing Godrej Properties Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -13.37 % year-on-year, however, there was a minor increase of 331.57 % from the previous quarter. Expenses rose by 0.24 % compared to the previous year, with a 250.35 % increase quarter-on-quarter. Operating Profit dropped by -64.52 % annually, and saw a 395.29 % increase from the last quarter.
Net Profit showed yearly increase of 5.32 %, and experienced a 662.13 % increase from the previous quarter. Earnings Per Share (EPS) rose by 14.37 % annually, however rose by 656.7 % compared to the last quarter. In essence, while Godrej Properties Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
