The project is expected to offer around 1.5 million square feet of saleable area, primarily comprising premium residential units along with high-street retail.
“The company has acquired 10 acres of land in Yelahanka, Bengaluru, on March 21, 2025. This project is estimated to have a developable potential of 1.5 million square feet of saleable area, primarily for premium residential development of various configurations and high-street retail, with an estimated revenue potential of Rs 2,500 crore (based on current business assumptions),” the company said in a stock exchange filing.
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Godrej Properties Q3 results
The company’s standalone net profit for the quarter fell over 66% to Rs 34.85 crore from Rs 103.36 crore in the same period last year. Sequentially, profit declined more than 83% from Rs 206.30 crore in the September quarter.
Revenue for the quarter stood at Rs 968.9 crore, up from Rs 330.4 crore in the year-ago period.Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) stood at Rs 27.6 crore, compared to an EBITDA loss of Rs 41.5 crore in the same period a year ago. The company’s EBITDA margin for the quarter was 2.9%.
Godrej Properties shares target price
As per Trendlyne data, the average target price of the stock is Rs 3,082, which shows an upside of 44% from the current market prices. The consensus recommendation from 6 analysts for the stock is a ‘Buy’.
Godrej Properties shares performance
On Friday, Godrej Properties shares closed at Rs 2,140, rising 1.5% on the BSE, while the benchmark Sensex gained 0.73%. The stock has declined 23% year-to-date and 29% over the last six months. The company’s market capitalization stands at Rs 64,461 crore.
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