Sunday, November 7, 2021

Godrej Properties Q2 PAT up 5 Times | Stock Outlook


Godrej Properties Q2 PAT up 5-fold yoy at Rs35.72cr on higher revenues and lower material costs

Godrej Properties Ltd reported 33.57% higher total revenues for the Sep-21 quarter on consolidated basis at Rs334.22cr

Godrej Properties Ltd reported 33.57% higher total revenues for the Sep-21 quarter on consolidated basis at Rs334.22cr. The revenues were up 27.57% on a sequential basis compared to Rs261.99cr in the Jun-21 quarter.

Net profits for the Sep-21 quarter were up 403% on yoy basis at Rs35.72cr. On a sequential basis, the net profit was up 110% compared to the Jun-21 quarter profits of Rs17.01cr.

On a yoy basis, the On a yoy basis there was a virtual 87% fall in the cost of materials consumed in the quarter. Employee costs were also sharply lower in the midst of restructuring exercises undertake by the company. The Debt equity ratio came down yoy from 0.89 to 0.57 on a gross basis.

The adjusted EBITDA margins on a consolidated basis stood at 36.74% compared to 34.6% in Sep-20 quarter. Net margins at 10.69% in the Sep-21 quarter was higher than 2.84% in the Sep-20 yoy quarter and also higher than 6.49% in Jun-21 sequential quarter.

Stock Outlook

Stock is still strong , can test 2872 - 3214 in mid term .

Disclaimer- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader, user and company that are mention on this website. We are not SEBI registered financial advisor or analyst.

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