The land parcel comprises primarily residential plotted development with an estimated revenue potential of Rs 500 crore. The land is strategically located in the fast-developing micro-market of Joka, which is close to the main city and in proximity to Diamond Harbour, a well-known seaside weekend getaway. Gaurav Pandey, MD and CEO of Godrej Properties said, 'This land acquisition fits with our strategy of deepening our presence across India's leading cities. We will aim to build an outstanding plotted development project in Joka that creates long term value for its residents.' Godrej Properties is the real estate arm of the Godrej Group. It is subsidiary of Godrej Industries, which holds 58.48% of the company's equity shares as on 30 September 2024. The company currently operates in various cities and focuses on residential, commercial, and township development. The company's consolidated net profit soared to Rs 335.21 crore in Q2 FY25 as against Rs 66.80 crore posted in Q2 FY24. Revenue from operations zoomed to Rs 1,093.23 crore in the quarter ended 30 September 2024 as compared to Rs 343 crore reported in the corresponding quarter previous year. Powered by Capital Market - Live

Godrej Properties announced that it has acquired a ~ 53 acre land parcel in Joka, Kolkata. The proposed project is estimated to have a development potential of ~ 1.3 million square feet of saleable area comprising primarily residential plotted development with an estimated revenue potential of Rs 500 crore. The land is strategically located in the fast-developing micro-market of Joka, which is close to the main city and in proximity to Diamond Harbour, a well-known seaside weekend getaway. Joka has rapidly transformed into a promising residential hub in Kolkata, fuelled by infrastructure growth. With IIM-Calcutta as an educational landmark, enhanced healthcare facilities, and commercial centers, Joka offers residents convenience and quality of life. On the back of strategic connectivity through Kolkata Metro's Line 3 and extensive road networks, Joka is well-connected to key areas across the city.Powered by Capital Market - Live

Securities in F&O Ban: Aarti Industries, Aditya Birla Fashion Retail (ABFRL), GNFC, Granules India, Hindustan Copper, Indraprastha Gas (IGL) are banned from F&O trading on 21 November 2024. Stocks to Watch: Dr Reddy's Laboratories (DRL) informed that on Tuesday, 19 November 2024, US Food and Drug Administration (USFDA) completed its Good manufacturing practice (GMP) inspection at API manufacturing facility located in Bollaram, Hyderabad. Garden Reach Shipbuilders & Engineers (GRSE) has signed a contract with the Transport Department, Government of West Bengal, for the delivery of 13 hybrid ferries for total consideration of Rs 226.18 crore. Godrej Properties has announced the acquisition of a 53-acre land parcel in Joka, Kolkata. The company plans to develop a residential plotted development project on this land, with an estimated development potential of 1.3 million square feet and a revenue potential of approximately Rs 500 crore. Tata Power Company entered into strategic partnership with Druk Green Power Corpo, a subsidiary of Druk Holding and Investments, the sole generation utility of Bhutan, to collaborate and develop at least 5,000 MW of clean energy generation capacity in Bhutan. JSW Steel declared as preferred bidder in the Codli mineral block in Goa. The projected iron ore resources are at 48.5 million tonnes, in addition to 2.7 million tonnes of ore in dumps. Aegis Logistics's material subsidiary, Aegis Vopak Terminals, has filed a draft red herring prospectus with the Securities and Exchange Board of India for an initial public offering. The IPO consists of a fresh issue of Rs 3,500 crore. Kilburn Engineering executed a share purchase agreement with Monga Strayfield for the porposed acquisition of a 100% stake in Monga Strayfield for Rs 123 crore. PSP Projects said that Adani Infra (India), Adani Group's PMC arm, signed definitive agreements to acquire up to 30.07% stake from the company's existing promoter - Prahladbhai S. Patel. Presently, Prahladbhai S Patel and Family own 60.14% stake in the company. Meanwhile, Adani Infra (India) has launched an open offer to acquire additional 1,03,06,866 shares, or 26% stake in PSP Projects from public shareholders. The offer price is set at Rs 642.06 per share, valuing the deal at approximately Rs 662 crore. Existing promoters hold a 60.14% interest in PSP Projects. Prabhladbhai S Patel holds 47.76% shares, of which he is selling 30.07%. Godawari Power Ispat has signed definitive agreement to acquire 51% stake in Jammu Pigments (JPL) at post money valuation of Rs 500 crore.Powered by Capital Market - Live

Godrej Properties has announced the acquisition of a 53-acre land parcel in Joka, Kolkata. The company plans to develop a residential plotted development project on this land, with an estimated development potential of 1.3 million square feet and a revenue potential of approximately Rs 500 crore. Joka, a rapidly developing micro-market, is strategically located close to the main city and Diamond Harbour. The area has seen significant infrastructure growth, including the upcoming Kolkata Metro's Line 3, which will enhance connectivity to key areas of the city. Gaurav Pandey, MD & CEO of Godrej Properties, expressed optimism about the project, stating that it aligns with the company's strategy of expanding its presence in major Indian cities. The company aims to create a high-quality plotted development that delivers long-term value to its residents. Godrej Properties is the largest developer in India by the value of residential sales achieved. The company's consolidated net profit surged 402% YoY to Rs 335.21 crore in Q2 FY25. Revenue also skyrocketed 219% to Rs 1,093.23 crore. Powered by Capital Market - Live

Godrej Properties announced that it has emerged as the highest bidder and has secured the Letter of Intent to develop a group housing plot at Golf Course Road in Gurugram through an e-auction conducted by the Haryana Shehri Vikas Pradhikaran (HSVP). The plot, measuring 7.5 acres is located in the prestigious Golf Course Road micro-market and will offer a development potential of over 1.7 million square feet, comprising of luxury residential apartments of varied configurations, with an estimated revenue potential in excess of Rs 5,500 crore. In FY24, GPL acquired two prime parcels measuring 5.15 acres and 2.76 acres in the Golf Course Road micro-market from HSVP through auction and plans to launch both these projects in the current financial year. The estimated revenue potential of GPL's developable land on Golf Course Road in Gurgaon is in excess of USD 1.5 billion. Powered by Capital Market - Live

The company has received the letter of intent for the said project. GPL was declared as the highest bidder for this project post an e-auction conducted by the Haryana Shehri Vikas Pradhikaran (HSVP). The plot, measuring 7.5 acres is located in the prestigious Golf Course Road micro-market and will offer a development potential of over 1.7 million square feet, comprising of luxury residential apartments of varied configurations, with an estimated revenue potential in excess of Rs 5,500 crore. In FY24, GPL acquired two prime parcels measuring 5.15 acres and 2.76 acres in the Golf Course Road micro-market from HSVP through auction and plans to launch both these projects in the current financial year. The estimated revenue potential of GPL's developable land on Golf Course Road in Gurgaon is in excess of $1.5 billion. Gaurav Pandey, MD & CEO, Godrej Properties, said: 'We have witnessed strong demand for our projects in the NCR market demonstrating the huge trust and confidence which our customers have placed in us. I am very confident that this new acquisition will further strengthen our development portfolio in NCR as well as cater to strong demand for our products in this market.' Godrej Properties is the real estate arm of the Godrej Group. It is subsidiary of Godrej Industries, which holds 58.48% of the company's equity shares as on 30 September 2024. The company currently operates in various cities and focuses on residential, commercial, and township development. The company's consolidated net profit soared to Rs 335.21 crore in Q2 FY25 as against Rs 66.80 crore posted in Q2 FY24. Revenue from operations zoomed to Rs 1,093.23 crore in the quarter ended 30 September 2024 as compared to Rs 343 crore reported in the corresponding quarter previous year. The scrip rose 0.21% to currently trade at Rs 2931.30 on the BSE. Powered by Capital Market - Live

Net profit of Godrej Properties rose 401.81% to Rs 335.21 crore in the quarter ended September 2024 as against Rs 66.80 crore during the previous quarter ended September 2023. Sales rose 218.73% to Rs 1093.23 crore in the quarter ended September 2024 as against Rs 343.00 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1093.23343.00 219 OPM %2.63-27.78 - PBDT237.51118.81 100 PBT219.25111.42 97 NP335.2166.80 402 Powered by Capital Market - Live

Revenue from operations zoomed to Rs 1,093.23 crore in the quarter ended 30 September 2024 as compared to Rs 343 crore reported in the corresponding quarter previous year. Profit before tax stood at Rs 219.25 crore in Q2 FY25, registering a growth of 96.77% from Rs 111.42 crore recorded in Q2 FY24. EBITDA grew by 68.86% to Rs 282 crore in the quarter ended 30 September 2024 as compared to Rs 167 crore posted in the same period a year ago. The company reported a collection of Rs 4,005 crore for Q2 FY25, reflecting a year-on-year growth of 68%. The company has achieved its highest booking value in Q2 FY25, with a YoY increase of 3% to Rs 5,198 crore from the sale of 5.15 million square feet (sq. ft.) of area. GPL has achieved 51% of its annual guidance for booking value for FY25. The company had launched seven new projects and phases during the quarter across four cities. GPL has added 10 new projects in year-to-date FY25 with a total estimated saleable area of approximately 13.9 million sq. ft. and total estimated booking value potential of around Rs 17,450 crore. This included 6 new projects with an expected booking value of Rs 9,650 crore in Q2 and 2 new projects with an expected booking value of Rs 4,800 crores post-Q2. GPL has achieved 87% of its annual guidance for business development, the company stated in exchange filing. On half year basis the company's consolidated net profit zoomed to Rs 855.26 crore in H1 FY25 as against Rs 191.74 crore posted in H1 FY24. The company's revenue from operation jumped 43.24% YoY to Rs 1,832.23 crore in H1 FY25. Pirojsha Godrej, executive chairperson, Godrej Properties, said, 'Godrej Properties delivered a robust quarter with its highest ever Q2 and H1 bookings, collections, operating cashflows, and deliveries. With bookings growth of 56% in FY23, 84% in FY24 and 90% in H1 FY25, GPL has reset its scale. The benefit of this is clearly visible in our cash flows with collections growth of 68% and operating cash flow growth of 125% in Q2. With a robust launch pipeline, strong balance sheet, and resilient demand, we are on-track to significantly surpass our bookings target of Rs 27,000 crore in FY25 while also achieving our highest ever deliveries and collections. The sectoral tailwinds for the residential real estate sector in India will continue over the next few years and we remain focused on building scale through continued market share gains and margin expansion.' Godrej Properties is the real estate arm of the Godrej Group. It is subsidiary of Godrej Industries, which holds 58.48% of the company's equity shares as on 30 September 2024. The company currently operates in various cities and focuses on residential, commercial, and township development. Powered by Capital Market - Live

The development on this land is estimated to have a potential of ~0.9 million square feet of saleable area comprising primarily of premium residential apartments of various configurations with an estimated booking value of nearly Rs 1,300 crore. This land parcel is strategically located in Vastrapur, a premium residential locality in West Ahmedabad offering good social infrastructure and excellent connectivity to key areas of the city. Gaurav Pandey, MD & CEO, Godrej Properties said: 'We are happy to add our second project in Ahmedabad. This will further strengthen our presence in Ahmedabad and complement our strategy of deepening our presence in key micro-markets across India's leading cities.' Godrej Properties is the real estate arm of the Godrej Group. It is subsidiary of Godrej Industries, which holds 58.48% of the company's equity shares as on 30 June 2024. The company currently operates in various cities and focuses on residential, commercial, and township development. The company reported its highest ever consolidated net profit of Rs 520.05 crore in Q1 FY25, steeply higher than Rs 124.94 crore posted in Q1 FY24. Revenue from operations declined 21.05% year on year to Rs 739 crore in Q1 FY25 from Rs 936.09 crore recorded in the same period a year ago. Powered by Capital Market - Live

Godrej Properties announced that it has acquired ~3 acres of land in Vastrapur, Ahmedabad. The development on this land is estimated to have a potential of ~0.9 million square feet of saleable area comprising primarily of premium residential apartments of various configurations with an estimated booking value of Rs 1,300 crore. This acquisition is in line with GPL's strategy of developing high-quality residential projects across India's leading real estate markets. This land parcel is strategically located in Vastrapur, a premium residential locality in West Ahmedabad offering good social infrastructure and excellent connectivity to key areas of the city. The area is wellserved by top schools and healthcare facilities. Renowned landmarks, including IIM Ahmedabad, Vastrapur Lake Garden, Sabarmati Riverfront Project, and Nexus Ahmedabad One Mall, further enhance its appeal. Additionally, Vastrapur's proximity to business hubs like Navratna Business Park and Pinnacle Business Park makes it a prime location for residents seeking convenience, modern living, and accessibility. Powered by Capital Market - Live