Mumbai: Godrej Properties Limited (GPL), a leading national real estate developer, today announced its financial results for the first quarter ended June 30, 2016.
Added 2 new projects with 13 million sq. ft. of saleable area in Q1 FY17
Sector 27, Greater Noida
Residential projects recorded booking value of INR 312 crore and booking volume of 549,720 sq. ft. in Q1 FY17
Commercial projects recorded booking value of INR 75 crore and booking volume of 42,995 sq. ft. in Q1 FY17
Excellent response to new project launch
Delivered 1.94 million sq. ft. in Q1 FY17 which includes 1.28 million sq. ft. of commercial and 0.66 million sq. ft. of residential space across three cities
Commenting on the performance of Q1 FY2017, Mr. Pirojsha Godrej, Managing Director & CEO Godrej Properties Limited, said:
“I am pleased to announce that we have achieved a couple of very important milestones in Q1 FY17. Our project Godrej BKC received its occupancy certificate. Additionally, we commenced construction on both phases of our flagship project, The Trees. After an excellent FY2016, we have made a steady beginning in Q1 FY2017. We expect to significantly ramp up sales in the months ahead.”
Financial Overview (Consolidated)
Q1 FY2017 performance overview compared with Q1 FY2016
Note: All numbers as per Ind AS
*EBIDTA = PBT + Interest + Depreciation + Share of profit from JV
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