Godrej Properties Shares Ended In Red Even After Rs 600 Crore Land Deal In Panipat For Rs 1,250 Crore Project

Godrej Properties Shares ended in red around 1% low in line with the stock market benchmark movements, even after announcing the acquisition a 43-acre land parcel in Panipat, Haryana.

Stock Price Movement:

Despite the major transaction, Godrej Properties shares ended Monday, June 30, on almost flat note, closing at Rs 2342, down by 21.45 or 0.91% from the previous day's close of Rs 2,363.45 on the Bombay Stock Exchange (BSE). The stock traded in a range between Rs 2,368.95 - Rs 2,342 during the day.

However, the decline was in line with the overall market trend. The bse sensex fell by 452.44 points (0.54%) to close at 83,606.46, while the nifty dropped by 120.75 points (0.47%) to end at 25,517.05.

All About The Deal:

Godrej Properties has acquired a 43-acre land parcel in Panipat, Haryana for around Rs 600 crore, with plans to develop a residential plotted township. The project is expected to generate over Rs 1,250 crore in revenue, marking a significant step in the company's expansion into North India. The company informed through an exchange filing.

This is the company's first project in Panipat and its fourth plotted development in North India, showing its growing presence in the region.

The land, located in Sector 40, Panipat, offers around 1.02 million sq ft of developable area and is easily accessible via the National Highway. This move aligns with Godrej Properties' strategy to expand into high-potential Tier II cities. The company recently became India's top real estate developer in FY25 by sales, with Rs 30,000 crore worth of bookings and a record Rs 10,163 crore in Q4 alone.

"We are pleased to announce our entry into Panipat. The project fits well with our strategy of expanding into new markets for plotted development. Haryana has been a key market for us, and we look forward to develop a quality plotted township in Panipat, that creates long-term value for its residents." Said Gaurav Pandey, MD & CEO, Godrej Properties.

Godrej Properties Stock Outlook:

Godrej Properties has delivered strong growth for 8 straight years, with bookings reaching a record Rs 29,440 crore in FY25, growing at a 40% CAGR since FY17. Its profit share in projects rose from 39% in FY19 to 93% in FY25, boosting profits and cash flow. Backed by strong performance and Rs 6,000 crore raised via QIP, the company is well-positioned for future growth, noted Antique Broking.

The brokerage also said that the company will surpass its 10% pre-sales growth target, raising FY26/FY27 estimates to Rs 33,000 crore and Rs 37,000 crore. And recommended the stock to BUY with a revised target price of Rs 3,101.

Company Performance & Financials:

In Q4 FY25, Godrej Properties' total income rose 36% to Rs 2,646 crore. However, net profit dropped 19% to Rs 382 crore, and EBITDA fell slightly by 2% to Rs 634 crore. Earnings per share also declined to Rs 12.68 from Rs 16.95 in Q4 FY24.

Godrej Properties posted its highest-ever quarterly bookings of Rs 10,163 crore, led by strong demand for projects like Godrej Riverine and Godrej Astra. It also reported record collections of Rs 6,961 crore, showing strong sales momentum.

Operationally, the company delivered 18.4 million sq. ft. in FY25, a 47% increase year-on-year. Additionally, 14 new projects were added during the year, with a potential saleable area of 19 million sq. ft., highlighting solid business growth.

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