Godrej Properties Reports Q4 Financial Results Amid Mixed Performance Indicators

Godrej Properties, a prominent player in the construction and real estate sector, has recently reported its financial results for the quarter ending December 2024. The evaluation changes reflect a notable shift in the company's score, which has adjusted from 17 to 10 over the past three months.
The financial data reveals several positive trends for Godrej Properties. The net sales for the half-yearly period reached Rs 2,062.11 crore, showcasing significant growth year on year. Additionally, the company has achieved its highest cash and cash equivalents in the last six half-yearly periods, amounting to Rs 3,567.84 crore, indicating an improvement in short-term liquidity. Furthermore, the debtors turnover ratio has also reached a peak of 10.58 times, suggesting that the company is effectively managing its receivables.

Conversely, there are areas of concern. The profit after tax for the quarter stands at Rs 162.64 crore, reflecting a decline compared to the average of the previous four quarters. The rising interest costs, now at Rs 86.96 crore, indicate increased borrowings, while the debt-equity ratio has reached its highest level in five half-yearly periods at 1.25 times, suggesting potential liquidity challenges.

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