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The company would pass on the benefits of the GST rate cuts to consumers as applicable, although exact quantum is being worked out, said Adi Godrej, Chairman, Godrej Group.
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On the financial front, revenues grow by above 50 percent and both EBITDA and net profit increased by over 80 percent, said Pirojsha Godrej, Executive Chairman, Godrej Properties.
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Net Sales are expected to increase by 13.2 percent Y-o-Y (up 50 percent Q-o-Q) to Rs. 373 crore, according to Edelweiss.
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The revenue is seen up 59 percent at Rs 482 crores against Rs 303.8 crore in the same period last year.
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Net Sales are expected to increase by 18.4 percent Q-o-Q (down 7.6 percent Y-o-Y) to Rs 390.1 crore, according to Edelweiss.
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Net Sales are expected to increase by 5.8 percent Q-o-Q (down 78 percent Y-o-Y) to Rs 321.5 crore, according to Kotak Securities.
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Operating profit may increase to Rs 75 crore from Rs 55.1 crore but margin may contract sharply to 16 percent from 23.2 percent on yearly basis.
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Adi Godrej, Chairman at Godrej Industries, says all businesses did particularly well, especially Godrej Properties — its performance exceeded the entire previous year on topline
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In an interview with CNBC-TV18's Priya Sheth, Godrej Group chairman Adi Godrej outlined the key performance areas and growth drives the company witnessed during the fiscal.
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Mumbai-based realty company Godrej Properties will announce its fourth quarter earnings on Thursday. Profit is expected to jump 22 percent year-on-year to Rs 50 crore, according to the average of estimates of analysts polled by CNBC-TV18.
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The company is set to announce substantially large launch plans for the next financial post the board meeting in fourth quarter, says Pirojsha Godrej of Godrej Properties.
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According to Pirojsha Godrej of Godrej Properties the real estate market is likely to pick up in Mumbai and Haryana.
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Godrej Properties announced its Q3 results today. Managing Director & CEO, Pirojsha Godrej in conversation with CNBC TV18‘s Manasvi Ghelani, talks about company‘s strong project pipeline despite dipping sales numbers and degrowth in the total income this quarter.
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Godrej Properties hopes to post even better H2FY14 on the back of new project launches in the pipeline. Its management is also confident of no impact on the RoE due to its Rs 700 crore rights issue.
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Godrej Properties to announce its fourth quarter FY13 results today. According to CNBC-TV18 estimates, the company's revenues are likely to go down by 28.60 percent to Rs 250 crore from Rs 350.21 crore in the same quarter last year.
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In an interview to CNBC-TV18, Pirojsha Godrej, managing director and chief executive officer of Godrej Properties says the company's focus, from a strategic perspective, is going to be more on residential real estate.
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Godrej Properties' consolidated profit after tax is likely to grow by 26.5 percent year-on-year to Rs 24.6 crore in the second quarter of current financial year, driven by large number of projects under execution.
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Fourth quarter net profit of Godrej Properties slipped to Rs 39.8 crore from Rs 59.99 crore in the year-ago period. However, consolidated total income during the period, improved to Rs 373.18 crore from 333.53 crore sequentially.
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Godrej Properties is to announce its fourth quarter results. According to CNBC-TV18‘s estimates, its company‘s revenue is seen down 34% at Rs 214.9 crore versus Rs 327.8 crore, year-on-year, (YoY).
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FMCG firm Godrej Consumer Products will hike product prices in the current quarter (Q4) and in April-June as cost of some raw materials remains high, Chairman Adi Godrej said on Monday.
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Speaking to CNBC-TV18, Adi Godrej, chairman of Godrej Properties said, the company is planning to bring down its debt-equity 1.2:1 in the coming year.
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Godrej Properties is expected to report a profit after tax of Rs 28.8 crore in the third quarter of FY12, a stupendous growth of Rs 85.8% as compared to Rs 15.5 crore in the corresponding quarter of last fiscal and growth of 47.7% as compared to Rs 19.5% in the previous quarter.
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Godrej Properties has announced its second quarter results. In an interview to CNBC-TV18, Adi Godrej, chairman of Godrej Properties says, the profits were lower than of the same quarter of the previous year because in the previous year the company had considerable private equity based profits and this year it was all operational profit.
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Godrej Properties announced its first quarter results today. The company has clocked a smart growth in revenues, but profits came in at just Rs 10 crores, including Rs 4 crore of other income. Company chairman Adi Godrej said that the company is likely to see strong growth during the rest of the year on the back of the new projects.
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Godrej Properties is expected to report a 57% fall in its first quarter FY12 profit after tax to Rs 26 crore against Rs 60 crore in previous quarter. However, the company is likely to show 17% rise on quarter-on-quarter from Rs 22 crore in the year ago period.
