India's Godrej Properties closes higher on robust Q4 results

Godrej Properties

02/05/2025 11:14

** Real estate developer Godrej Properties closes 3.82% higher at 2240.9 rupees

** Co says its Q4 booking value grows 7% to its highest ever quarterly value of 101.6 billion rupees ($1.20 billion)

** Growth driven by strong demand for new launches in areas of Noida, Gurugram and Hyderabad

** Co's Q4 collections grow 48% y/y to 69.61 billion rupees ($824 million)

** With session's gains, shares trim 12 month decline to 11.4%

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))