Consolidated revenue from operations jumped 19.18% to Rs 86.16 crore in Q1 FY22 from Rs 72.29 crore in Q1 FY21. Pre-tax profit was at Rs 35.64 crore in Q1 FY22 as against a pre-tax loss of Rs 14.69 crore in Q1 FY21. The Q1 earnings was declared during market hours today, 3 August 2021.

Consolidated EBITDA for Q1 FY22 was at Rs 82 crore, recording a growth of 105% as compared to Rs 40 crore in Q1 FY21. During Q1 FY22, the real estate firm witnessed a total booking value of Rs 497 crore and total booking volume of 0.77 million sq. ft. as compared to total booking value of Rs 1,531 crore and total booking volume of 2.51 million sq. ft. in Q1 FY21. Godrej Properties has leased over 1 lakh sq. ft. of office space at Godrej Two, despite two months of lockdown. Its construction activity continued at most of the sites during the lockdown, albeit at a slower pace. The workforce strength stood at 131% of our pre-COVID-19 strength as of June 2021 end.

Commenting on the Q1 FY2022 performance, Pirojsha Godrej, the executive chairman of Godrej Properties, has said that: "Our focus in the first quarter was on ensuring the safety and wellbeing of our workforce. The quarter has been disappointing operationally due to the impact of the second wave. Sales in June and July were 384% higher than those in April and May and we expect to see very strong sales momentum in the remainder of the financial year given a large number of launches that are planned. We also expect significant portfolio additions this financial year, which will benefit the medium-term growth trajectory of our business. Our team was encouraged to score the highest rating amongst all real estate developers in the ESG ratings by CRISIL and looks forward to building on this in the years ahead."

Godrej Properties is engaged in construction and real estate development.

Shares of Godrej Properties rose 0.27% to Rs 1,662 on BSE. The stock hovered in the range of Rs 1,607.20 to Rs 1,697.80 during the day.