GODREJ PROPERTIES LIMITED ,.

�y-
j j CIN: L74120MH1985PLC035308 j
Regd Office : Godre One, 5th Floor, Piro shanagar, Eastern Express Highway, Vikhroli (East), Mumbai - 400 079. www.godre properties.com
Statement of Audited Consolidated Financial Results for the Quarter and Year Ended March 31, 2024 (INR In Crore) I
Quarter Ended Year Ended
Sr. Particulars
31.03.2024 31.12.2023 31.03.2023 31.03.2024 31.03.2023
No. ( Audited ) Unaudited ( Audited
Audited Audited
1 Income Refer Note 7
Revenue from operations Other income( Refer note 4 ) 1,426.09
Total Income 488.73
2 Expenses
1,914.82
Cost of materials consumed 2,711.63
Refer Note 7) 2,252.26
330.44 1.646.27 3,035.62 786.74
217.87 192.55 1,298.60 3,039.00
548.31
1,838.82 4,334.22 6,453.76

2,203.72 2,061..92 6,787.01

Purchases of stock-in-trade ( Refer note 9 ) 48.46 97.86
progress
178.05
Changes in inventories of finished goods, stock-in-trade and construction wori<-ln- (1,899.84) (2,196.53) (1,071.54) (5,157.03)

Employee benefits expense

118.85 80.05 110.35 331.32
(5,211.88)

218.41
Finance costs 31.46
Depreciation and amortisation expense 16.08
42.97 53.53 152.11 174.23
14.16 6.58 44.56 24.14
Other expenses 324.24
186.91 199.53 1,025.95 544.34
Total Expenses 1,350.88
3 Profit before share of Profit/ (loss) of Joint ventures, associate and tax 563.94
429.14
1,360.37 3,361.97 2,203.00
119.17 478.45 972.25 836.00
4 Share of Profit/(loss) of Joint Ventures and Associate (net of tax)
37.05
(24.51) 91.28 27.74 (40.73)
5 Profit before tax for the period/ year
600.99
6 Tax expense
94.66 569.73 999.99 795.27
Current tax 68.88 15.01 75.79
75.79 187.01 198.74
Deferred tax 54.10
7 Profit after tax for the period/ year
478.01
8 Other Comprehensive Income for the period/ year (2.83)
Items that will not be subsequently reclassified to profit or loss Remeasurements of the defined benefit plan 0.68
Tax on Above 0.00
Items that will be subsequently reclassffled to profit or loss 475.86
Exchange differences in translating the financial statements of a foreign operation 471.26
9 Total Comprehensive Income for the period/ year 6.75
(2.13)
10 Profit I (loS&) attributable to: Equity holders of Parent Non-Controlling Interests
(0.02)
11 Other Comprehensive Income attributable to: Equity holders of Parent
469.13
Non-Controlling Interests
6.73
12 Total Comprehensive Income attributable to: Equity holders of Parent
139.02
Non-Controlling Interests
13 Paid-up Equity Share Capital
16.93 40.07 65.92 (24.07)
62.72
453.87 747.06 620.60
0.30 2.38 (1.92) 1.21
(0.08) (0.60) 0.45 (0.31)
(0.02) (0.01) 0.17 0.23
62.92 455.64 745.76 621.73
62.27 412.14 725.27 571.39
0.45 41.73 21.79 49.21
0.20 1.77 (1.28) 1.1.3
(0.02) 572.52
62.47 413.91 723.99 49.21
0.45 41.73 21.77 139.01
139.02 139.01 139.02

. .
Face Value - INR 5/- per share tion Reserve
p
9,853.49
14
9,382.98 9,125.19 9,853.49 9,125.19
15 Reserves Excluding Revaluation Reserve and Debenture Redem
16 Net-Worth ) 9,992.51
Earning Per Equity Share (EPS) (Amount In INR 16.95*
Basic EPS (• not annualized) 16.95*
17 Diluted EPS not annualized) ) Ke Ratios and Financial Indicators 1.07
y

(Refer Note 6
<
Debt Equity Ratio (Gross)
·
9,522.00 9,264.20 9,992.51 9,264.20
2.24* 14.82* 26.09 20.55
2.24*
14.82* 26.08 20.55
1.14 0.69 1.07 0.69
Debt Equity Ratio (Net) 0.62
Debt Service Coverage Ratio (DSCR) 2.72
0.72
0.39 0.62 0.39
0.65
0.63 1.53
0.74
Interest Service Coverage Ratio (ISCR) 2.72 0.65 4.74
1.53 2.15
Current Ratio g 1.43 1.48
1.4-6 1.43 1.4-6
Long Term Debt to Worl<in Capital 0.27
0.2.9
. 0.27
Bad Debts to Account Receivable Ratio 0.04 0.88
Current Liability Rati o 0.89
 0.03 0.04
1.00 0.89 1.00
Total Debts to Total Assets 0.30 0.35 0.28
0.30 0.28
Debtors Turnover (annualized) Inventory Turnover (annualized) Operating Margin(%) 16.33
0.16
13.38%

Adjusted EBITDA (%) 36.71%

3.36 14.28 6.79 5.09
0.14
0.02 0.36 0.10 16.52%
7.88%
( ) �.,.., 1.72%

31.94'11 37.29%
� 31.61%
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Net Profit Margin(%)
- 24.49%

11.!WI! t;;..,�.-.,. . ·'-'c'!o!'.,. ( -�7.13%

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20.70%

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 Audited Consolidated Statement of Assets & Liabilities as at March 31, 2024

Sr.
No. Particulars
?,,, _ _
(INR in Crore)
As at As at 31.03.2024
31.03.2023
Audited Audited
A ASSETS
1 Non-current Assets
a Property, Plant and Equipment
b Right-of-Use Asset
C Capital Work-In-Progress
d Investment Property
e Goodwill on consolidation
f Other Intangible assets
g Intangible Assets under Development
h Equity accounted investees
i Financial Assets
Other Investments
Trade Receivables
Other Non-Current Financial Assets
j Deferred Tax Assets (Net)
k Income Tax Assets (Net)
I Other Non-Curren! Non Financial Assets

Total Non-Current Assets

2 Current Assets
 930.05 153.16
21.29 17.07
248.96 652.44
30.48 32.19
0.07 0.07
15.36 15.19
1.20 0.85
770.13 786.25

591.70 667.74
65.05 160.27
123.92 38.67
305.70 331.51
180.53 74.37
0.27 3.01
3,284.71 2,932.79
a Inventories

b Financial Assets
Investments
Trade Receivables

Cash and Cash Equivalents

Bank Balances Other than Above

Loans
Other Current Financial Assets
22,564.62 12,073.40
1,788.25 1,080.47
309.60 359.38

1,319.81 714.81
1,600.56 1,301.13
1,779.03 2,394.86
1,231.81 1,330.44
C Other Current Non Financial Assets ###
Total Current Assets ###

Total Assets ###

B EQUITY AND LIABILITIES

1 EQUITY
a Equity Share Capital ###
b Other Equity ###
C Non Controlling Interest ###
Total Equity ###
2 LIABILITIES
 918.02
20,172.51

23,105.30

139.01
9,125.19
22.95
9,287.15
2.1 Non-current Liabilities
a
Financial Liabilities
Borrowings
Lease Liabilities
Other Non - Current Financial Liabilities
10.69
b Provisions
20.16 16.09
 -
2,660.00

10.63 10.90
10.69 5.00
20.16 16.09
 Total Non-Current Liabilities
2.2 Current Liabilities

a Financial Liabilities

Borrowings
Lease Liabiltiies
Trade Payables
total outstanding dues of micro enterprises and small enterprises
total outstanding dues of creditors other than micro enterprises and small enterprises
Other Current Financial Liabilities

b Other Current Non Financial Liabilities

C Provisions
d Current Tax Liabilities (Net)
Total Current Liabilities
Total Liabilities
2,701.48 31.99

7,996.46 6,411.75
12.20 8.11

155.18 62.57
3,600.39 3,294.05
928.54 830.15

9,930.91 3,096.41
41.85 46.22
66.41 36.90
22,731.94 13,786.16
25,433.42 13,818.15
 (f
Total Equity and Liabilities #of"'-�

9
41hf\oor",
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< j

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35,734.86 23,105.30
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AB!
Audited Consolidated Statement of Cash Flows for the Year Ended March 31, 2024
?� ---
 (INR
For the Year En
Particulars
Cash Flows from Operating Activities Profit before Tax
Adlustments for:
Depreciation and amortisation expense Finance costs
Loss I (profit) on sale of property, plant and equipment and intangible assets (net)
Share of (Profit) I Loss in joint ventures and associate (net of tax)
31.03.2024 31.03.2023
Audited Audited
999.99 795.27
44.56 24.14
152.11 174.23
0.27 (0.33)
(27.74) 40.73
Share based payments to employees
3.92 4.15
Interest Income Dividend income
Profit on sale of invesbnents (net)
Fair value gain upon acquisition of control ( Refer Note 4)
Provision I expected credit loss on other assets (net) Income from Investment measured at FVTPL Provision written back
(Reversal)/ Write down of inventories
Financial Assets Written off
Lease rent from investment property
Operating Profit I (Loss) before working capital changes Changes In Working Capital:
Increase in Non Financial Liabilities and Provisions
Increase in Financial Liabilities (Increase) in Inventories (Increase) in Non Financial Assets
Decrease I (Increase) in Financial Assets
Direct Taxes Paid (net)
Net Cash used in Operating Activities Cash Flows from Investing Activities
Acquisition of property, plant and equipment, investment property and intangible assets including capital creditors, advances and
expenditure incurred on capital wori< in progress
(592.99) (617.08)
(0.00) (0.00)
(98.31) (127.45)
.
(497.07)
6.40
(37.463.49 (13.91)
(40,00) (0.04)
(30,71) 10.31
20.83 47.39
(4.31) (1.26)
(103.42) 342.55
4,822.15 993.85
178.13 292.09
(4,916.35) (3,987.28)
(716.20) (61.87)
307.65 (271.03)
(324.62) (3,034.24)
(168.95)
(692.57) (2,860.64)
(695.25) (305.85)

(264.53
)
Proceeds from sale of property, plant and equipment
1.84 5.98
(Investment)/ Sale in debentures of joint ventures
0.37 (17.16)
Proceeds from sale of Investment in subsidiary .
0.00
(Purchase)/ Sale of investment in mutual funds (net)
(554.03) 2,554.30
Purchase of investments in fixed deposits (net)
(383.24) (170.33)
Return / (Investment) in joint ventures (net)
65.11 (384.68)
Acquisition of subsidiaries ( Refer Note 4 )
(109.47) (29.07)
loan (given to) I received back by joint ventures (net)
(571,24) 389.47
loan (given to) others (net)
(36.70) 177.20
Dividend income
0.00 0.00
Interest Received
264.43 266.94
.
Acquisition of Non Controlling Interest
(65.89)
Lease rent from invesbnent property
4.31 1.26
Net Cash Flows (used In)/ generated from Investing Activities
(2,079.76) 2,488.06
Cash Flows from Financing Activities
Proceeds from Issue of equity share capital (net of issue expenses)
0.01 0.02
Proceeds of long-term borrowings
2,660.00 .

.
Repayment of long-term borrowings
(1,000.00)
Proceeds of short-term borrowings (net)
2,476.40 1,227.85
Interest and other borrowing costs paid
(868.34) (385.39)
Payment of minimum lease liabilities
(10.08) (10.04)
-
Payment of unclaimed dividend
(0.01)
Payment of unclaimed f,xed deposits (0.03) (0.2
Net Cash Flows generated from Financing Activities
832.22
Net Increase in Cash and Cash Equivalents
485.62 459.64
Cash and Ca1h Equivalents - Opening Balance
714.81 179.08
Cash and Cash Equivalents of subsidiaries acquired durlna the oerlod (Refer note 4\
105.40 75.86
Effect of exchange rate fluctuations on cash held
0.17 0.23
Cash and Cash Equivalents - Closing Balance
1,306.00 714.81
Reconcllllatlon of Cash and Cash equivalents as per Consolidated Statement of Cash flows Cash and Cash equivalents as per above comprise of the following
Particulars
Cash and Cash Equivalents
AsAt AsAt
/1/", �
ffa. 8 , . CO. �� 31.03.2024 31.03.2023
Q,...'::>1/,.1,h """"----....::(�� 1,319.81 714.81
less: Bank Overdrafts repayable on demand _-
Cash and Cash Equivalents as per Consolidated St�llllt. 0¢iitt,'� INR 0.00 reP<esent
'f -/ Central B V/mg and "\

amount less than INR 50 000 ,/, '/ .>."\.\ " I !•:,.seaCenter
J -
13.81
1,306.00 714.81
3,257.9
5