Godrej Properties Stock Pares Gains After Rallying 6% Post Record-Breaking Q4 Update, Should You Buy?

Godrej Properties shares: Real-estate firm Godrej Properties shares pared the gains on Wednesday after a strong market rally fuelled by its Q4 update of record-breaking Q4 sales booking. The company's booking value grew by nearly 87% sequentially to Rs 10,163 crore in the March quarter.

The 87% rise in booking value was the result of the sale of nearly 3,703 homes with a total area of 7.52 million square feet. The company claimed its Q4 booking value as the highest ever quarterly booking it registered ever.

Godrej Properties Stock Price Movement

Shares of Godrej Properties declined nominally and were trading at 1970.60 on BSE on Wednesday, with a market capitalisation of Rs 59,351.49 crore. The company scrip jumped nearly as high as 6% on BSE after its Q4 update on Tuesday. The company scrip hit its 52-week-high mark of Rs 3,400 apiece on 16 July 2024. Godrej Properties' share price is recovering from the losses it made while touching its 52-week low mark of Rs 1,869.50 per share on BSE on 7 April 2025.

Godrej Properties Q4 Update

The real estate firm achieved a record booking value of Rs 10,163 crore in the March quarter. This was achieved through the sale of 3,703 homes with a total area of 7.52 million sq. ft. This is the highest ever quarterly booking value achieved by Godrej Properties.

Apart from breaking its record of biggest-ever booking value, the company also maintained its streak of reporting seventh consecutive quarter of delivering more than Rs 5,000 crore of booking value.

"FY25 booking value grew 31% YoY to INR 29,444 crore. This was achieved through the sale of 15,302 homes with a total area of 25.73 million sq. ft., a YoY volume growth of 29%. This is the highest ever full year booking value and volume announced by any real estate developer in India to date. o GPL has achieved 109% of its annual guidance for booking value for FY25. o FY 25 was the 8th consecutive financial year of booking value growth for GPL," read a press release by Godrej Properties on BSE on Tuesday.

Godrej Properties Stock Price Recommendation

Considering strong company financials, Antique stock brokerage firm on Wednesday initiated a 'buy' rating for Godrej Properties shares with a target price of Rs 2745 per share.
Godrej Properties' strong performance was driven by solid quarterly results across all four quarters with a significant uptick in pre-sales during the fourth quarter of the previous financial year.

"We maintain BUY rating on the stock with a TP of INR 2,745 based on an EV/embedded EBITDA of 10x on FY27E basis."

Highlighting the reasons behind strong property sales, Antique Stock Broking Limited noted in its report, "The surge in presales during the quarter was driven by a strong response to its launched projects-Godrej Riverine in NOIDA, Godrej Astra in Gurugram, and Godrej Madison in Hyderabad-which collectively achieved INR 40 bn in pre-sales. GPL performed exceptionally well across all geographies, with NCR contributing the most at INR 105 bn in FY25 followed by MMR at INR 80 bn and Bengaluru at INR 50 bn."