Godrej Properties Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014
January 27, 2015 at 02:13 pm
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Godrej Properties Limited announced unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, on standalone basis, the company reported total income from operations was INR 1,043.287 million compared to INR 747.595 million a year ago. Profit from operation before other income, finance cost and exceptional items was INR 249.978 million against INR 193.523 million a year ago. Profit from ordinary activities before tax was INR 352.243 million compared to INR 184.941 million a year ago. Net profit was INR 312.073 million compared to INR 183.561 million a year ago. Earnings per basic and diluted share after extraordinary items were INR 1.56 compared to INR 0.92 a year ago.
For the nine months, on standalone basis, the company reported total income operations of INR 4,006.510 million compared to INR 3,064.954 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 930.301 million against INR 668.459 million a year ago. Profit from ordinary activities before tax was INR 1,309.400 million compared to INR 574.283 million a year ago. Net profit was INR 1,149.689 million compared to INR 567.254 million a year ago. Earnings per basic and diluted share after extraordinary items were INR 5.76 compared to INR 3.15 a year ago.
For the quarter, on consolidated basis, the company reported total income from operations was INR 5,193.044 million compared to INR 2,419.542 million a year ago. Profit from operation before other income, finance cost and exceptional items was INR 616.225 million against INR 838.728 million a year ago. Profit from ordinary activities before tax was INR 801.436 million compared to INR 950.199 million a year ago. Net profit after minority interest was INR 472.430 million compared to INR 373.622 million a year ago. Earnings per basic and diluted share after extraordinary items were INR 2.37 compared to INR 1.87 a year ago. EBITDA stood at INR 830 million compared to INR 970 million a year ago. Adjusted EBITDA was INR 1,390 million against INR 1,038 million a year ago.
For the nine months, on consolidated basis, the company reported total income operations of INR 11,451.034 million compared to INR 7,500.214 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 1,581.017 million against INR 2,026.349 million a year ago. Profit from ordinary activities before tax was INR 2,189.109 million compared to INR 2,687.198 million a year ago. Net profit after minority interest was INR 1,394.611 million compared to INR 1,110.916 million a year ago. Earnings per basic and diluted share after extraordinary items were INR 6.99 compared to INR 6.16 a year ago. EBITDA stood at INR 2,280 million compared to INR 2,750 million a year ago. Adjusted EBITDA was INR 3,515 million against INR 3,014 million a year ago. Net debt as on December 31, 2014 was INR 26,050 million.
Godrej Properties Limited is an India-based company that is engaged in the business of real estate construction, development, and other related activities. The Company operates through the development of the real estate property segment. It operates through the Godrej brand. Its projects include Godrej Avenues, Godrej Reserve, Godrej Icon, Godrej Air - Phase 1, Godrej 101, Godrej United, Godrej Platinum and Godrej Two. The Company has its presence in Mumbai Metropolitan Region (MMR), National Capital Region, Pune, Bangalore, Kolkata, Ahmedabad, Nagpur, Chennai, Hyderabad, and Chandigarh. The Company holds 12.5 acres of land in the southern cityâs Rajendra Nagar locality, Hyderabad. It also owns three-acres of land in Kokapet, Hyderabad and 11-acre land parcel in Hinjewadi, Pune. Its subsidiaries include Godrej Realty Private Limited, Godrej Garden City Properties Private Limited, Godrej Prakriti Facilities Private Limited, and Godrej Genesis Facilities Management Private Limited.
Godrej Properties Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014