Godrej Prop builds up

Godrej Properties' stock saw a notable surge today, rising by 6.5%, following the announcement of its highest-ever quarterly and annual bookings for Q4 and FY25. This surge helped lead the Nifty Realty index to break a three-day losing streak and climb over 3.6%.

Quick summary of Godrej Properties' FY25 update:

Record Bookings: The company reported its highest-ever bookings in both Q4 at Rs.5720 crore and the full FY25 at Rs.22,500 crore.

FY25 Guidance: They're largely on track to meet their Rs.27,000 crore pre-sales target for the year.

Balanced Growth Outlook: Management sees more balanced growth across regions, aiming to strengthen business in Bengaluru and Pune, which underperformed in FY24.