This real estate stock engaged in the construction and development of residential, commercial, and township projects across multiple cities, including Mumbai, Pune, and Bangalore, jumps 4 percent after acquiring a 100 percent stake in Pearlshine Home Developers Private Limited.
Stock Price Movement
In Tuesday’s trading session, Godrej Properties Limited’s share jumped to an intraday high of 4.34 percent from the previous close of Rs. 2,319.35. The stock opened at Rs. 2,355 and is currently trading at Rs. 2,409.45, with a high of Rs. 2,420 and a low of Rs. 2,355. The market capitalization now stands at approximately Rs. 72,568.66 crore.
What Happened
Godrej Properties Limited acquired 100 percent equity shares of Pearlshine Home Developers Private Limited (PHDPL) on February 3, 2025. Following the acquisition, PHDPL becomes a wholly-owned subsidiary of Godrej Properties.Â
Pearlshine Home Developers Private Limited (PHDPL) was established on October 9, 2023, and is involved in real estate development. The objective of the acquisition is to expand Godrej Properties’ real estate development activities. The acquisition is complete as of February 3, 2025, with 100 percent ownership transferred.
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Future Outlook
The company is expecting a strong second half and anticipates a significant increase in construction cash flow later half of the fiscal year. For long-term growth, it aims to maintain a minimum return of 20 percent to 25 percent on new projects, ensuring consistent progress and success in its future developments.
Strategic Initiatives
Godrej Properties aims for EBITDA margins of 25 percent to 30 percent on new developments. It is open to expanding into new cities, while continuing to focus on key markets like Mumbai, NCR, Bangalore, Pune, and Hyderabad.Â
The company plans to launch several big projects, including ones in Worli and Gurgaon, in the second half of the year.
Recent quarter results
Godrej Properties Limited’s revenue has increased from Rs. 343 crore in Q2 FY24 to Rs. 1,093 crore in Q2 FY25, which has grown by 218.66 percent. The net profit has also grown by 357.53 percent, from Rs. 73 crore in Q2 FY24 to Rs. 334 crore in Q2 FY25.Â
Written By – Nikhil Naik
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