Godrej Properties Limited = RESULTS = Q1 FY 2012 (JUNE 2011) = FY 2011 = MANY PROJECTS IN IMPLEMENTATION

Godrej Properties Limited

NSE Symbol     GODREJPROP

GODREJ PROPERTIES has declared its results for Q1 FY 12 ending June 2011.

CONSOLIDATED RESULTS

Net Sales stands at Rs.130.05 cr – down by 59.05% from Q4 FY11; Up by 216% from Q1 FY 11; and also – the annualized value ( Q1 FY 12 x 4) is up by17.90% from FY 11 total consolidated Sales.

Total Expenditure at Rs.111.36 cr is down by 52.27% from Q4 FY 11; Up by 173.66% from Q1 FY 11; and the Q1 FY 12 x 4 annualized expenditure is more than FY 11 by 27.12%.

Profit from Operations  at Rs.19.26 cr – is down by 79.62% from Q4 FY 11; up by 3,579% from Q1 FY11;and in annualized way, Q1 x 4 is lower by 23.79% from FY 11.

Profit before tax at Rs.20.06 cr – is down by 79.49% from Q4 FY 11; down by 37.64% from Q1 FY 11 and Q1 FY 12 x 4 (annualized) is less than FY 11 total by 60.88%.

Net Profit  at Rs.13.68 cr is down by 79.92% from Q4 FY 11; down by 40.59% from Q1 FY 11; and Q1 FY 12 x 4 (annualized) is down by 61.64% from FY 11.

Consolidated Net Profit         at Rs.10.06 cr – is down by 83.23% from Q4 FY 11; down by 55.17% from Q1 FY 11; and q1 FY 12 x 4 (annualized)  is down by 69.25% from FY 11 total.

Basic EPS is Rs.1.44 on a Face Value of Rs.10 – compared to Rs.8.59 in Q4 FY 11; Rs.3.21 in Q1 FY 11 and Rs.18.73 for FY 11 full year.

However – profitability in such companies depends on full year results – and individual quarters may not be comparable.

ANNOUNCEMENTS TO NSE

19-07-2011          Godrej Properties Limited has informed the Exchange that the Company has signed two Limited Liability Partnership agreements with Godrej & Boyce Manufacturing Company Limited for developing properties at Thane and Hyderabad.

28-05-2011          Godrej Properties Limited has informed the Exchange that the Company has launched its second residential project Godrej Crest located at Airport Road, Hebbal, Bengaluru.

09-05-2011          Godrej Properties Limited has recommended Final Dividend of 45% (Rs.4.50 per share) for the year ended March 31, 2011 and the said dividend, if declared in the Annual General Meeting will be paid on August 01, 2011.

05-05-2011          Godrej Properties has signed a Development Agreement with Capsulation Services Private Limited to develop a plot of land admeasuring approximately 5895 square metres located at Deonar near Chembur in Mumbai as a residential project.  

CONSOLIDATED RESULTS TABLE

godrej properties	Q1FY12CS	Q4FY11CS	Q1FY11CS	FY11CS
Net Sales	13004.94	31,761.15	4,115.45	44,123.11
Other Operating Income	56.83	1,019.86	6.02	1,027.28
Raw Materials	10587.31	22,068.29	3,717.47	32,399.90
Employees Cost	93.08	486.37	79.66	731.32
Depreciation	89.82	117.37	80.1	397.3
Other Expenditure	365.37	656.15	191.89	1,512.19
Total Expenditure	11135.58	23,328.18	4,069.12	35,040.71
Profit from Operations	1926.19	9,452.83	52.35	10,109.68
Other Income	412.25	572.32	3,225.00	10,740.66
Interest	332.75	244.4	61.13	340.02
Profit before tax	2005.69	9,780.75	3,216.22	20,510.32
Tax Expense	637.44	2,958.30	913.11	6,224.16
Net Profit	1368.25	6,814.13	2,303.11	14,267.78
Minority Interest	362.45	815.49	59.49	1,182.23
Consolidated Net Profit	1005.8	5,998.64	2,243.62	13,085.55
Face Value (in Rs.)	10	10	10	10
Paid-up Equity	6985	6,985.00	6,985.00	6,985.00
Reserves	-	-	-	84,174.34
Basic EPS	1.44	8.59	3.21	18.73
Public Shareholding (%)	16.21	16.21	16.21	16.21

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