Godrej Properties Limited

Regd. Office: Godrej One,

5th Floor, Pirojshanagar,
Eastern Express Highway,
Vikhroli (E), Mumbai- 400 079. India
Tel.: +91-22-6169 8500
Fax: +91-22-6169 8888
Website: www.godrejproperties.com

CIN: L74120MH1985PLC035308

May 03, 2023

BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai – 400 001

National Stock Exchange of India Limited

Exchange Plaza,
Plot No. C/1, G Block,
Bandra Kurla Complex,
Bandra (East)
Mumbai – 400 051

Ref: Godrej Properties Limited

BSE - Script Code: 533150, Scrip ID - GODREJPROP
BSE- Security Code - 959822 – Debt Segment
NSE Symbol - GODREJPROP

Sub: Investors Presentation & Press Release

Dear Sir/Madam,

Please find enclosed the investors’ presentation and the press release on the audited
financial results for the quarter and financial year ended March 31, 2023.

This is for your information and records.

Thank you.

Yours truly,
For Godrej Properties Limited
Ashish Digitally signed by Ashish
Sudhakar Karyekar
Sudhakar Date: 2023.05.03 12:59:31
Karyekar +05'30'

Ashish Karyekar
Company Secretary & Compliance Officer

Enclosed as above
R E S U LT S P R E S E N T A T I O N
FORTH QUARTER, FINANCIAL YEAR 2023

1 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

DISCLAIMER

Some of the statements in this communication may be 'forward looking statements' within the meaning of

applicable laws and regulations. Actual results might differ substantially or materially from those expressed

or implied. Important developments that could affect the Company's operations include changes in

industry structure, significant changes in political and economic environment in India and overseas, tax

laws, import duties, litigation and labor relations

2 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

AGENDA
Overview
01
FY23 Highlights 02

Q4 FY23 Operational Highlights 03

Q4 FY23 Financial Highlights 04

Annexure 05

3 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

GODREJ GROUP

• Established in 1897 Value Creation Track Record

• $6 bn annual revenue 22 year CAGR in ` 1 invested in

Particulars
stock price June 2001 is now worth
• 1.1 billion people globally use a Godrej product¹
BSE Sensex 14% 18
• Godrej ranks amongst the most trusted Indian brands²
Godrej Consumer
• $2.4 billion brand valuation by Interbrand³ 27% 196
Products

• Amongst India’s most diversified and trusted conglomerates

Godrej Industries 25% 135
• Real estate is a key growth business for the Group
Note: CAGR calculated for opening prices as of 18th June, 2001 when GCPL and GIL were demerged and publicly listed

1. Godrej Group internal study

2. The Brand Trust Report 2019
3. Interbrand study done in 2019

4 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

GODREJ PROPERTIES

• Established in 1990

• India’s largest developer by residential sales in FY21

• Successfully delivered ~32 million sq. ft. of real estate in the Chandigarh
0.5, 1 NCR
past five years 34.8, 20

• ~200 million sq. ft. of saleable area across India

• Differentiated asset-light business model

Ahmedabad
21.0, 1
• ~400 Awards received in last 5 years Kolkata
Nagpur
1.5, 1 7.3, 3
Mumbai
47.5, 30 Pune
48.9, 16

Bengaluru
31.8, 16 Legends:
Chennai Total Developable Area (million sq. ft.): ~200
5.0, 3 No. of Projects: 92
Kochi
2.2, 1
(As on May 03rd, 2023)

5 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

STRENGTHS
1
• 1.1 billion people globally use a Godrej product
Godrej Brand • Godrej Properties ranked as the most trusted real estate brand in the 2019 Brand Trust Report
• GPL brings the Godrej brand’s reputation for trust, quality and corporate governance to the real estate sector

Effective Land • Competitive advantage in executing joint development projects

Sourcing Model • Capital efficient and high ROE development model

2
Strong Project • Added 58 residential projects with ~115 million sq. ft. saleable area since FY2018
Pipeline • Access to Group’s land bank across India (e.g. Vikhroli)

Sales and
• India’s largest developer by residential sales in FY21
Execution
• Successfully delivered ~32 million sq. ft. of real estate in the past five years
Capability

Access to • Confidence of capital markets demonstrated by sector leading stock performance since IPO
Capital • Lowest bank funding rates in the sector

• Ranked #1 amongst listed global residential developers in 2020, 2021 and 2022 by the Global Real
Estate Sustainability benchmark (GRESB)
Sustainability
Leadership • GPL has been awarded as the winner under Environment & Social categories for Real Estate sector in
KPMG India’s first ESG Conclave and Awards 2023
• GPL committed to have all its projects third-party certified as green buildings in 2010

1. Based on Godrej Group* Internal Study

2. Total saleable area under projects, irrespective of the revenue / profit / area sharing arrangement as on 03 rd May 2023

6 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

STOCK PERFORMANCE
An investment into GPL’s IPO would be worth ~ 6x an identical investment
into the BSE Realty Index

Value Creation Track Record

13 year CAGR in ` 1 invested in

Particulars stock price January 2010
is now worth

BSE Sensex 9.6% 3.36

Godrej Properties 12.0% 4.48

BSE Realty Index -1.7% 0.80

Note: CAGR calculated for prices as on 4 th January, 2010 (the date of GPL’s public listing) and 31 st March, 2023

7 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

AGENDA
Overview 01

FY23 Highlights
02
Q4 FY23 Operational Highlights 03

Q4 FY23 Financial Highlights 04

Annexure 05

8 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

FY23 HIGHLIGHTS

Cashflow and • Highest ever total net operating cashflow of INR 3,533 crore with YoY growth of 101%
Collection Highlights • Highest ever annual collection of INR 8,991 crore in FY23 with YoY growth of 40%

• GPL’s highest ever annual sales - booking value increased 56% to INR 12,232 crore
Sales • Achieved 122% of booking value guidance for FY23 on back of both an improving project mix as well as strong volume growth of 40%.
Highlights • Only developer to achieve booking value of more than INR 2,000 Crore across each of the 4 large markets
• Launched 24 new projects/phase across 7 cities in FY23

• Added 18 new residential projects (7 in MMR, 5 in NCR, 2 each in Bengaluru and Pune, and 1 each in Nagpur and Chennai) with a
Business saleable area of ~29 million sq. ft. and with an estimated booking value of INR 32,000 crore.
Development • GPL’s best ever year for business development doubling our initial guidance of INR 15,000 crore and increasing by over 250% YoY

Construction Highlights • Highest ever annual deliveries of ~10.5 million sq. ft. with YoY growth of 63%

Commercial Project • Leased over ~1.5 lakh sq. ft. at Godrej Two in FY23 at a weighted average monthly rent of over INR 165 per sq. ft. of leasable area.
Update • Received occupancy certificate for the Taj Hotel at Vikhroli, GPL’s first hospitality development.

• Ranked #1 amongst global residential developers for the third consecutive year by the Global Real Estate Sustainability Benchmark
(GRESB) in the 2022 GRESB Real Estate Assessment report
ESG/CSR Initiatives • GPL has been awarded as the winner under both the Environment category and the Social category at the first KPMG India ESG
Conclave and Awards 2023

• ICRA has upgraded rating for Long Term Borrowing Program and NCD to [ICRA] AA+(Stable) from [ICRA] AA (Positive) and reaffirmed
Other Highlights rating at [ICRA] A1+ for Short Term Borrowing Program and Commercial Paper
• 90 awards and recognition received in FY23

9 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

HIGHEST EVER SALES BY GPL IN A FINANCIAL YEAR -
BOOKING VALUE OF INR 12,232 CRORE
• Total booking value in FY23 grew by 56% YoY to INR 12,232 crore
• Residential booking value is 99% of total booking value at INR 12,109 crore
• Exceeded annual booking guidance by 22%
• 6th consecutive year of record sales
• Sold 12,631 homes with a total area of 15.21 million sq. ft. in FY23 with volume growth of 40%

Region-wise Sales Breakdown

NCR MMR
Registered booking value of INR 3,583 crore through sale of Registered booking value of INR 3,057 crore through sale of
1,930 units with total sales of 3.57 million sq. ft. 1,832 units with total sales of 2.25 million sq. ft.

BENGALURU PUNE
Registered booking value of INR 2,243 crore through sale of Registered booking value of INR 2,126 crore through sale of
3,616 units with total sales of 3.59 million sq. ft. 3,021 units with total sales of 3.03 million sq. ft.

OTHERS
Registered booking value of INR 1,223 crore through sale of
2,212 units with total sales of 2.77 million sq. ft.

Note: All numbers are for FY23

10 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

BUSINESS DEVELOPMENT
Added 18 new projects with an expected future booking value of over INR 32,000 crore
Estimated Saleable Area Expected Booking Value
Particulars Business Model
(million sq. ft.) (INR Cr.)

Nagpur Plotted 1.52 575 100% owned plotted development project

Godrej Tranquil Extn, MMR 0.70 1,000 GPL’s economic interest - 11% of Revenue

Carmichael Road, MMR 0.12 1,200 100% owned group housing development project

Indiranagar Extension, Bengaluru 0.60 750 100% owned group housing development project

Kandivali, MMR 3.72 7,000 100% owned group housing development project

Mahalaxmi, MMR 0.76 3,500 GPL owns 50% of equity in the project specific company

Sector 89, Gurugram 2.90 3,000 100% owned group housing development project

Sector 49, Gurugram 1.60 2,500 100% owned group housing development project

Mundhwa, Pune 2.20 2,000 100% owned group housing development project

Sec 146 A, Noida 1.60 2,000 100% owned group housing development project

Sec 146 B, Noida 1.60 2,000 100% owned group housing development project

Sec 41 Kurukshetra, NCR 1.40 550 100% owned plotted development project

Manor, Palghar, MMR 1.20 500 100% owned plotted development project

Khalapur Plotted 1.90 600 100% owned plotted development project

Chennai Plotted 1.60 400 100% owned plotted development project

RK Bungalow, Chembur, MMR 0.20 500 100% owned group housing development project

100% owned group housing development project with

Old Madras Road (OMR), Bengaluru 4.50 3,250 0.1 msf area share to landowner

0.79 1,000 100% owned group housing development project with

Koregaon Park, Pune 0.05 msf area share to landowner

Total 28.91 32,325

11 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

CONSTRUCTION HIGHLIGHTS
Delivered ~10.5 million sq. ft. in FY23

Godrej Emerald, MMR Godrej Nurture, Bengaluru Godrej 24, Bengaluru Godrej Rejuve, Pune
0.81 million sq. ft. 0.72 million sq. ft. 0.57 million sq. ft. 0.77 million sq. ft.
GPL Economic Interest : GPL Economic Interest : GPL Economic Interest : GPL Economic Interest :
Revenue Based – 64% Profit Share – 50% DM fee – 11% of Revenue Profit Share - 35%
(GPL holds 20% equity in the
project specific company)

Godrej Boulevard, Pune Godrej Seven, Kolkata; Godrej Park Greens, Pune Godrej Hillside, Pune;
0.79 million sq. ft. 0.96 million sq. ft. 0.51 million sq. ft. 1.15 million sq. ft.
GPL Economic Interest : GPL Economic Interest : GPL Economic Interest : GPL Economic Interest :
DM - 12.5% of Revenue & Profit Share – 46% DM- 6.6% of Revenue & DM - 12.5% of Revenue &
Profit Share - 50% at Profit Share – 44% Profit Share - 50% at
Portfolio level Portfolio level

12 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

CONSTRUCTION HIGHLIGHTS (Contd.)

Godrej R K Studio, MMR Godrej Air NXT, Bengaluru Godrej Royale Woods, Bengaluru Godrej Urban Park, MMR
0.34 million sq. ft. 0.16 million sq. ft. 1.37 million sq. ft. 0.23 million sq. ft.
GPL Economic Interest : GPL Economic Interest : GPL Economic Interest : GPL Economic Interest :
100% Owned 50% profit share 55% profit share 100% Owned
(for 87.3% of area)

Plotted development projects which received OC:

• Godrej Retreat, NCR – 0.22 million sq.ft.
GPL Economic Interest : 100% Owned Project
• Godrej Woodland, Bengaluru – 0.2 million sq.ft.
GPL Economic Interest : 100% Owned Project
• Godrej Green Estate, Sonipat - 0.98 million sq.ft.
Godrej Meridian, Gurugram Taj at The Trees - Hotel, MMR GPL Economic Interest : 51% profit share
0.33 million sq. ft. 0.34 million sq. ft.
GPL Economic Interest : GPL Economic Interest :
GPL owned 20% equity in 100% Owned
project specific company

13 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

Business Transformation since FY2019
Before equity raise of INR 5,850 Crore in FY20 (INR 2,100 Crore) and FY21 (INR 3,750 Crore)

• Scale of operations has more than doubled on all parameters

Doubled in Scale • Booking value has increased by 130% from INR 5,316 Crore to INR 12,232 Crore

Particulars FY2019 FY2023 CAGR

Booking Value (INR Crore) 5,316 12,232 23.2%
Collections (INR Crore) 4,100 8,991 21.7%
Net operating cashflow (INR Crore) 1,179 3,533 31.6%

• Growth achieved across 4 largest micro-markets – NCR, MMR, Bengaluru and Pune
Growth across markets • Only developer to achieve booking value of more than INR 2,000 Crore across each of the 4 large markets

Particulars FY2019 FY2023 CAGR

NCR 1,482 3,583 24.7%

MMR 1,301 3,057 23.8%
Bengaluru 1,135 2,243 18.6%
Pune 905 2,126 23.8%
Others 493 1,223 25.5%

• Net Debt/Equity ratio improved from 0.87 times to 0.39 times.

Strong financials • Average cost of borrowing improved from 7.97% to 6.65%
• Highest credit rating for a real-estate developer in India - ICRA AA+ (Stable)/ ICRA A1+ & CRISIL A1+

Particulars FY2019 FY2023

Net Debt/Equity Ratio 0.87 0.39

Average Borrowing Cost 7.97% 6.65%

14 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

GLOBAL RECOGNITION FOR SUSTAINABILITY INITIATIVES
Ranked #1 amongst residential developers globally by GRESB (Global Real Estate Sustainability Benchmark)

• GRESB is an industry-driven organization committed to rigorous and independent evaluation of the sustainability performance of real
estate assets across the globe. It widely recognized as the global standard for portfolio-level ESG reporting and benchmarking

• GRESB data is used by more than 200 institutional investors, listed property companies and fund managers and is backed by all
leading international real estate associations and industry bodies. It provides investors the tools to benchmark their investments
against each other based on property type, country and regional peer groups

ESG Breakdown

49 Environment 26 Social 23 Governance

GRESB Average 38 Benchmark Average 44 GRESB Average 22 Benchmark Average 25 GRESB Average 21 Benchmark Average 23
51 26 24

15 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

SUSTAINABILITY – ESG PERFORMANCE AND CSR IMPACT
• GPL has been recognized as a Sector Leader Globally and in Asia for Residential Development in 2022 by Global Real Estate
Sustainability Benchmark (GRESB)
• GPL has been awarded a full score of 100 and rated A for the Public Disclosure assessment in 2022 by GRESB
ESG Rating • GPL was recognized with the Gold Award for Gender Equality category at the ICAI International Sustainability Reporting Awards for FY
2021-22
• Godrej Properties Limited was awarded as the winner under Environment & Social categories for Real Estate sector in KPMG India’s
ESG

first ESG Conclave and Awards 2023

• We are proud to have maintained ISO 14001:2015 certification, an internationally recognized standard for Environment Management
System (EMS) across our operations
Milestone • With a vision to have a robust safety process and culture, all our projects continue to comply with standard safety requirements and are
Achievements ISO 45001:2018 certified for Occupational Health and Safety Management System (OH&SMS)
• Till Q4 of FY 2022-23, 91.56% of the GPL portfolio* is certified under credible external green building rating systems like IGBC, GRIHA,
LEED etc.

• Through our BOCW Registration programs with Jan Sahas, Haqdarshak, Nudge Foundation, Disha Foundation and Kotra Adivasi
Sansthan PAN India, 29,768 construction workers are benefitted through BOCW Schemes till Q4 in FY 22-23.
• Through our Solid waste management projects in Bhubaneswar, Konark, Agra, Gohad, Dhanpuri, Batala, Budni, and Chakrata 12,032
tonnes of waste has been diverted from landfill till Q4 in FY 22-23.
On-going
CSR projects • Through our Crop Residue Management project, we were able to cover 15 villages in Gurudaspur district Punjab and avoided stubble
burning across 2550 hectares of land by various initiatives such as composting stubble to use as manure or fodder, and bundling the
stubble and using it as bio fuel in local sugarcane factories
CSR

• 1,133 children provided daily crèche support in FY 2022-23 in collaboration with Tara Mobile Crèches Pune, Mobile Crèches and
Sakshi.

• GPL has successfully utilized 100% of the CSR funds including unspent amounts from the previous years.
New CSR • GPL has been awarded as winner of ‘CSR Project of the Year’ under Real Estate Sector at 7th Edition of Corporate Social
Projects Responsibility Summit and Awards 2023 conducted by UBS Forum on 14th March, 2023 for CSR project- ‘Integrated Decentralized
Solid waste Management, Bhubaneswar’ implemented along with Feedback Foundation Charitable Trust.

*Few projects are excluded from the portfolio boundary since they have been initiated/developed before our commitment towards delivering green buildings. Also, all plotted development projects are excluded as no suitable green building certification
is available for such developments

16 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

AWARDS AND RECOGNITIONS
GPL received 91 awards in FY23

ILLUSTRATIVE LIST OF AWARDS

GODREJ PROPERTIES PROJECT & INDIVIDUAL AWARDS

• Golden Peacock Award • Pirojsha Godrej

Winner - CSR in Real Estate Category Global Asian of the Year 2022-23 Award - 19th Edition of Asian Business &
• ICAI International Sustainability Reporting Awards 2021-22 Social Forum
Gold Award - Gender Equality • Gaurav Pandey
• KPMG ESG Conclave and Awards 2023 Realty Personality of the Year - ET Realty Award (North)
Winner – Environmental & Social Initiatives - Infrastructure & Real Estate • Godrej RKS, Mumbai | Godrej Nurture, Pune | Godrej Air, NCR |
• APEX INDIA FOUNDATION Quality Excellence in the Construction sector Godrej Park Greens, Pune | Godrej Ananda, Bengaluru
Platinum Award - Vikhroli Region British Safety Council Awards 2022 - Merit

• 7th Edition of Corporate Social Responsibility Summit and Awards 2023 • Godrej City, Mumbai | Godrej Royale Woods, Bengaluru | Godrej Taj,
conducted by UBS Forum Mumbai | Godrej Green Cove Vistas, Pune
Winner - CSR Project of the Year’ British Safety Council Awards 2022 - Pass

• ICAI International Sustainability Reporting Awards 2021-22 • Godrej Ananda, Bengaluru

Gold Award - Integrated Reporting in Gender Equality Winner- Apex India Occupational Health & Safety Award - 2022

• Indian Institute of Industrial Engineering

Gold Award - Safety

17 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

AGENDA
Overview 01

FY23 Highlights 02

Q4 FY23 Operational Highlights

03
Q4 FY23 Financial Highlights 04

Annexure 05

18 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

Q4 FY23 OPERATIONAL HIGHLIGHTS

Cashflow and • Highest ever quarterly Net operating cashflow for Q4 FY23 of over INR 2,200 crore
Collection Highlights • Highest ever quarterly collections of INR 3,822 Crore for Q4 FY23 – increased by 127% QoQ and 52% YoY

Sales • GPL’s highest ever quarterly sales - booking value stood at INR 4,051 crore from 5.25 million sq. ft.
• 2nd consecutive quarter of highest ever quarterly sales – grew 25% over previous best quarter
Highlights
• 12 new project and phase launches during the quarter across 6 cities

Business
• Added 5 new residential projects across 4 cities with an estimated booking value of INR 5,750 crore
Development

• GPL’s highest ever quarterly delivery - Delivered projects aggregating ~8 million sq. ft. across 5 cities
Construction Highlights
• Received occupancy certificate for our first hotel, Taj at The Trees in Vikhroli, Mumbai

• GPL has been awarded as the winner under Environment & Social categories for Real Estate sector in KPMG
India’s first ESG Conclave and Awards 2023.
ESG/CSR Initiatives • GPL has been awarded as winner of ‘CSR Project of the Year’ under Real Estate Sector at 7th Edition of
Corporate Social Responsibility Summit and Awards 2023

Other highlights • 17 awards received in Q4 FY23

19 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

SALES HIGHLIGHTS
Particulars Q4 FY23 Q4 FY22 Growth Q3 FY23 Growth FY23 FY22 Growth

Area Sold (million sq. ft.) 5.25 4.24 24% 4.42 19% 15.21 10.84 40%

Booking Value (INR Cr) 4,051 3,248 25% 3,252 25% 12,232 7,861 56%

Customer Collections* (INR Cr) 3,822 2,517 52% 1,684 127% 8,991 6,359 41%

* Net of taxes and includes collections for DM Projects

Strong response to new project/phase launches

Godrej Orchard Estate, Nagpur Godrej Splendor, Bengaluru Godrej Hill Retreat-2, Pune
• Launched in Mar 2023 • Launched in Mar 2023 • Launched in Mar 2023
• Total sales stood at 0.96 million sq. ft. with • Total sales stood at 0.51 million sq. ft. with • Total sales stood at 0.44 million sq. ft. with
a booking value of INR 384 crore a booking value of INR 373 crore a booking value of INR 352 crore

Godrej Horizon, MMR Godrej Athena, Bengaluru Godrej Urban Retreat, Pune
• Launched in Mar 2023 • Launched in Feb 2023 • Launched in Mar 2023
• Total sales stood at 0.13 million sq. ft. with • Total sales stood at 0.14 million sq. ft. with • Total sales stood at 0.25 million sq. ft. with
a booking value of INR 273 crore a booking value of INR 199 crore a booking value of INR 179 crore

Godrej Ascend, MMR Godrej Five Gardens, MMR Godrej Green Estate, Sonipat
• Launched in Mar 2023 • Launched in Mar 2023 • Launched in Mar 2023
• Total sales stood at 0.15 million sq. ft. with • Total sales stood at 0.04 million sq. ft. with • Total sales stood at 0.18 million sq. ft. with
a booking value of INR 171 crore a booking value of INR 167 crore a booking value of INR 157 crore

Godrej City, MMR Godrej Seven, Kolkata Godrej Country Estate, MMR
• Launched in Mar 2023 • Launched in Mar 2023 • Launched in Feb 2023
• Total sales stood at 0.16 million sq. ft. with • Total sales stood at 0.19 million sq. ft. with • Total sales stood at 0.17 million sq. ft. with
a booking value of INR 112 crore a booking value of INR 103 crore a booking value of INR 59 crore

20 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

SALES HIGHLIGHTS (Contd.)
City-wise Sales Breakdown for Q4 FY23
MMR NCR
• Registered booking value of INR 1,000 crore through • Registered booking value of INR 911 crore through sale
sale of 636 units with total sales of 0.80 million sq. ft. of 432 units with total sales of 0.84 million sq. ft.

Bengaluru Pune
• Registered booking value of INR 792 crore through sale • Registered booking value of INR 749 crore through sale
of 952 units with total sales of 1.12 million sq. ft. of 883 units with total sales of 1.09 million sq. ft.

Others
• Registered booking value of INR 599 crore through sale
of 945 units with total sales of 1.40 million sq. ft.

21 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

PROJECT BOOKING
Particulars Booking Area (mn. sq. ft.) Booking Value (INR Cr)

Residential Projects Q4 FY23 FY23 Q4 FY23 FY23

Godrej Orchard Estate, Nagpur 0.96 0.96 384 384

Godrej Splendor, Bengaluru 0.51 1.40 373 980

Godrej Hillside/ Meadows/ Green Cove, Pune 0.44 0.83 352 643

Godrej Horizon, MMR 0.13 0.48 273 1,047

Godrej Athena, Bengaluru 0.14 0.14 199 199

Godrej Urban Retreat/ Sky Green/ Parkridge, Pune 0.25 0.69 179 476

Godrej South Estate, NCR 0.08 0.18 176 423

Godrej Ascend, MMR 0.15 0.74 171 830

Godrej Five Gardens , MMR 0.04 0.04 167 167

Godrej Green Estate, Sonipat 0.18 0.67 157 535

Godrej Woods (Sector 43), NCR 0.11 0.58 150 732

Godrej Park Greens/ Carnival/ Forest Green, Pune 0.13 0.35 115 264

Godrej City, MMR 0.16 0.28 112 209

Godrej Royale Woods, Bengaluru 0.24 0.37 107 170

Godrej Seven, Kolkata 0.19 0.45 103 227

Godrej Garden City, Ahmedabad 0.23 1.24 101 541

Others 1.23 5.64 866 4,283

Total 5.17 15.06 3,985 12,109

Notes: 1. Includes sales for the projects where GPL is the development manager | 2. Includes sale of retail area in certain projects | 3. Includes cancellations in certain projects

22 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

PROJECT BOOKING (Contd.)
Particulars Booking Area (mn. sq. ft.) Booking Value (INR Cr)

Commercial Projects Q4 FY23 FY23 Q4 FY23 FY23

Godrej Eternia, Chandigarh 0.07 0.14 58.6 115.6

Godrej Genesis, Kolkata 0.01 0.01 7.5 7.5

Total 0.08 0.15 66.1 123.1

Grand Total 5.25 15.21 4,051 12,232

23 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

 QUARTERLY SALES TREND

Quarterly Sales Value 4,051

3,248 3,252

2,574 2,520 2,409

(INR cr)

1,541

497

Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23

Quarterly Sales Volume 5.3

4.4
4.2
3.6
(Million sq.ft.)

2.8 2.7
2.2

0.8

Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3FY23 Q4FY23

24 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

BUSINESS DEVELOPMENT
Added 5 new projects with an estimated saleable area of ~9 million sq. ft. and expected booking
value of INR 5,750 crore in Q4 FY23
Old Madras Road (OMR), Bengaluru
• Spread across approximately 28 acres, the project will offer 4.5 million sq. ft. of residential development located in the fast-developing micro market
of Whitefield, Bengaluru and in close proximity to major office spaces in Whitefield and Outer Ring Road
• The estimated revenue potential from the project is approximately INR 3,250 crore
• It is a 100% owned project

Koregaon Park, Pune

• Spread across approximately 4 acres, the project will offer 0.79 million sq. ft. of primarily luxury residential development located in the upmarket
residential area of Koregaon Park Annex, Pune
• The estimated revenue potential from the project is approximately INR 1,000 crore
• It is a 100% owned project
Chennai Plotted
• Spread across approximately 60 acres, the project will offer 1.60 million sq. ft. of residential plotted development located in the fast-developing
micro market of Oragadam Junction, Chennai.
• The estimated revenue potential from the project is approximately INR 400 crore
• It is a 100% owned project

Khalapur Plotted
• Spread across approximately 89 acres, the project will offer 1.90 million sq. ft. of residential plotted development located in the fast-developing
micro market of Khalapur - Raigad, Maharashtra
• The estimated revenue potential from the project is approximately INR 600 crore
• It is a 100% owned project

RK Bungalow, Chembur, MMR

• The project will offer 0.2 million sq. ft. of premium residential development located in the established micro market of Chembur, Mumbai
• The estimated revenue potential from the project is approximately INR 500 crore
• It is a 100% owned project

25 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

BUSINESS DEVELOPMENT (Contd.)
Existing project update
Hinjewadi, Pune
GPL’s economic interest: 99%
• GPL has bought out JVP’s share in the project thereby increasing the economic interest to 99%
• Saleable area reduced to 7.59 million sq. ft. from 10.2 million sq. ft. due to change in product mix.

Godrej Aria & Godrej 101, NCR

GPL’s economic interest: 74%
• Godrej has increased its equity stake in Godrej Aria & Godrej 101, NCR from 25.1% to 74%

Godrej Eternity, Bengaluru

GPL’s economic interest: 74%
• Godrej has increased its equity stake in Godrej Eternity, Bengaluru from 25.1% to 74%

26 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

LAUNCH TRACKER FY23
Launch timings are dependent on receipt of regulatory approvals and can be delayed substantially
beyond initial expectations
New Project Launches Planned in FY23 New Phase Launches Planned in FY23

Project City Launch Launch

Status Area* Project City Status Area*
Godrej Horizon MMR 0.53 Godrej South Estate# NCR 0.22
Godrej Ascend MMR 0.88 Godrej Garden City Ph 11 Ahmedabad 1.25
Godrej Connaught One NCR 0.12 Godrej Woodsville^ Pune 0.53
Godrej Woodsville# Pune 0.53 Godrej Park Greens## Pune 0.57
Godrej Splendour^ Bengaluru 1.06 Godrej Park Greens^^ Pune 0.13
Godrej Green Estate## NCR 0.49 Godrej Ananda Ph 2 Bengaluru 0.93

Godrej Orchard Estate^^ Nagpur 1.18 Godrej Hill Retreat** Pune 0.52

Godrej Five Gardens** MMR 0.18 Godrej Seven@@ Kolkata 0.57

Godrej Athena@ Bengaluru 0.57 Godrej Horizon Ph 2 MMR 0.65

Godrej Country Estate@@ Mumbai 1.08 Godrej Ascend MMR 0.36

Godrej City MMR 0.31
Total 6.62
Godrej Green Estate NCR 0.49
Launched On - Track
New Project/Phase Added New Project/Phase Added & Launched Godrej Urban Retreat Pune 0.59
* in million sq. ft. | # - Hinjawadi Ph 1 | ^ - Whitefield | ## - Sonipat | ^^ - Nagpur Plotted
** - Matunga | @ - Indiranagar | @@ - Palghar, Manor Godrej Splendor Ph 2 Bengaluru 1.10
Total 8.22
Delayed: Ashok Vihar | Bannerghatta Road Ph1 | Sarjapur 5 Ph 1
* In million sq. ft. | # - Okhla Tower 1 | ^ -  Hinjawadi Ph 2 | ## - Mamurdi Ph 5 |^^ - Mamurdi Town Centre
** - Mahalunge Ph 8 | @ - Indiranagar | @@ - Joka Ph 2B

Delayed: Godrej Urban Retreat | Godrej Golf Links Ph 6 | Godrej Palm Retreat Cluster D | Godrej Infinity
Godrej Park Retreat | Hinjawadi Ph 3 | Ashok Vihar Ph 2
27 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23
LAUNCH TRACKER FY24
Launch timings are dependent on receipt of regulatory approvals and can be delayed substantially
beyond initial expectations
New Project Launches Planned in FY24 New Phase Launches Planned in FY24

Project City Launch Launch

Status Area* Project City Status Area*
Chennai Plotted Chennai 1.53 Godrej Ananda Bengaluru 1.56
Old Madras Road (OMR) Bengaluru 1.10 Godrej Park Retreat* Bengaluru 0.69
Sarjapur 5 Bengaluru 1.64 Godrej Inifity Pune 0.41
Pimpri-Chinchwad Pune 0.73 Mahalunge Pune 0.29
Mundhwa Pune 0.38 MaanHinje Pune 0.87
Sector 49 NCR 0.98 Manjari Pune 0.32

Sector 89 NCR 0.8 Godrej Seven Kolkata 0.36

Sec 41, Kurukshetra NCR 1.37 Godrej Garden City Ahmedabad 0.45

Sector 146 Noida 0.91 Godrej Aria NCR 0.27

Ashok Vihar NCR 0.7 Godrej Palm Retreat NCR 0.46

0.50 Godrej Nest NCR 0.33

Mahalaxmi MMR
Godrej Tranquil MMR 0.67
Khalapur MMR 0.57
Total 6.68
Carmichael Road MMR 0.12
*(Sarjapur 4) Ph 2
Kandivali MMR 0.91
Launched On - Track
Worli MMR 0.40 New Project/Phase Added New Project/Phase Added & Launched

Vikhroli MMR 0.60

Total 13.24

28 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

FY24 GUIDANCE
FY23 FY23 Achievement FY24
Particulars
Guidance Actual (%) Guidance

Booking Value (INR Crore) 10,000 12,232 122% 14,000

Cash Collections (INR Crore) - 8,991 - 10,000

Deliveries (Million Sq. Ft.) 10.00 10.47 105% 12.50

Business Development (by expected booking value) (INR Crore) 15,000 32,325 216% 15,000

29 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

AWARDS AND RECOGNITIONS
GPL received 17 awards in Q4 FY23

ILLUSTRATIVE LIST OF AWARDS

GODREJ PROPERTIES PROJECT & INDIVIDUAL AWARDS

• ICAI International Sustainability Reporting Awards 2021-22 • Pirojsha Godrej

Gold Award - Gender Equality Global Asian of the Year 2022-23 Award - 19th Edition of Asian Business &
• KPMG ESG Conclave and Awards 2023 Social Forum
Winner – Environmental & Social Initiatives - Infrastructure & Real Estate • Godrej RKS, Mumbai | Godrej Nurture, Pune | Godrej Air, NCR |
• APEX INDIA FOUNDATION Quality Excellence in the Construction sector Godrej Park Greens, Pune | Godrej Ananda, Bengaluru
Platinum Award - Vikhroli Region British Safety Council Awards 2022 - Merit

• 7th Edition of Corporate Social Responsibility Summit and Awards 2023 • Godrej City, Mumbai | Godrej Royale Woods, Bengaluru | Godrej Taj,
conducted by UBS Forum Mumbai | Godrej Green Cove Vistas, Pune
Winner - CSR Project of the Year’ British Safety Council Awards 2022 - Pass

• ICAI International Sustainability Reporting Awards 2021-22 • Godrej Ananda, Bengaluru

Gold Award - Integrated Reporting in Gender Equality Winner- Apex India Occupatiponal Health & Safety Award - 2022

• Indian Institute of Industrial Engineering

Gold Award - Safety

30 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

AGENDA
Overview 01

FY23 Highlights 02

Q4 FY23 Operational Highlights 03

Q4 FY23 Financial Highlights

Annexure 05
04

31 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

CONSOLIDATED FINANCIAL STATEMENTS – P & L
(INR Cr)

Particulars Q4 FY23 Q4 FY22 % Change Q3 FY23 % Change FY23 FY22 % Change

Total Income 1,930 1,476 31% 366 427% 2,998 2,397 25%

Adjusted EBITDA* 729 439 66% 160 356% 1,118 750 49%

EBITDA** 630 403 56% 153 310% 994 705 41%

Profit before tax 570 354 61% 101 462% 795 516 54%

Net Profit after tax 412 260 58% 59 602% 571 352 62%
Total Income = Sales & Operating Income + Other Income + Share of profit in Joint Venture | *Adjusted EBITDA = EBITDA + interest included in cost of sale
**EBITDA = PBT + Interest + Depreciation + Share of profit in Joint Venture | PBT = PBT + share of profit in Joint Venture | Note: All Numbers as per Ind AS

Total Income for Q4FY23 Profit & Loss form Joint Ventures with Structuring Income

Particulars INR Cr. Particulars INR Cr.

Godrej RKS 653 Profit & Loss for Joint Ventures as reported in P&L 91

Godrej Green Estate 308 Add: Structuring Income

Godrej Urban Park 261 DM Fees from Joint Venture Projects 78

Godrej Retreat, Faridabad 55 Net Interest Income from Joint Ventures Projects 79

Godrej Woodland, Bengaluru 36 Profit & Loss for Joint Ventures including Structuring Income 249

Others 323

Interest and Other Income 193

Profit & Loss from Joint Venture 91

Total Income 1,930

32 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

CONSOLIDATED CASHFLOW
(INR Cr)

Notes Particulars Q4 FY23 FY23

Operating cashflow
Total operating cash inflow 4,312 10,483
A Operating cash outflow
Construction and related outflow -1,056 -3,575
Other project related outflow -1,011 -3,375
Total operating cash outflow -2,067 -6,950
Net operating cashflow 2,245 3,533
Financial cashflow
B Interest and corporate taxes -279 -697
Net financial cashflow -279 -697
Capital cashflow
Land & approval related outflow -1,974 -4,727
C
Advance to JV partners -76 -135
Net capital cashflow 2,049 -4,862
(A+B+C) Net cashflow -83 -2,025
D Adjustment for JV projects -1,098 -1,230
(A+B+C+D) Total net GPL cashflow -1,181 -3,255
E Other Ind AS Adjustments 120 70
(A+B+C+D+E) (Increase)/Decrease in Net Debt under Ind AS -1,062 -3,185
Note: 1) Total operating cash inflow includes gross collection for DM projects and Other project related outflow includes JVP share of collection for DM projects.
2) Adjustment for JV projects represents mainly timing difference in cash collection from customers to withdrawals from respective project RERA account and transfer to GPL by
joint venture projects SPV
33 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23
CONSOLIDATED FINANCIAL STATEMENTS - BS
(INR Cr)

Sr. No Particulars As on 31.03.2023 As on 31.03.2022

A Assets Audited Audited

1 Non Current assets
a Property, plant & equipment 153.16 104.62
b Right-of-Use Asset 17.07 24.73
c Capital Work-in-Progress 652.44 339.49
d Investment Property 32.19 34.03
e Goodwill on consolidation 0.07 0.04
f Other intangible assets 15.19 19.54
g Intangible assets under development 0.85 0.79
h Equity accounted investees 786.25 804.22
i Financial assets
Other Investments 667.74 719.66
Trade Receivables 160.27 173.22
Loans - 43.81
Other non – current financial assets 38.67 8.94
j Deferred tax assets (net) 331.51 307.74
k Income tax assets (net) 74.37 76.43
l Other non-current non-financial assets 3.01 50.77
Total non-current assets 2,932.79 2,708.03
2 Current assets
a Inventories 12,073.40 5,668.31
b Financial assets
Investments 1,080.47 3,359.08
Trade receivables 359.38 191.69
Cash and cash equivalents 714.81 179.08
Bank balances other than above 1,301.13 1,159.43
Loans 2,394.86 2,552.67
Other current financial assets 1,330.44 1,224.10
c Other current non-financial assets 918.02 761.17
Total current assets 20,172.51 15,095.53
Total Assets 23,105.30 17,803.56

34 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

CONSOLIDATED FINANCIAL STATEMENTS - BS
(INR Cr)
Sr. No Particulars As on 31.03.2023 As on 31.03.2022
B Equity and Liabilities Audited Audited
1 Equity
a Equity share capital 139.01 138.99
b Other equity 9,125.19 8,536.40
c Non-controlling interest 22.95 -1.82
Total Equity 9,287.15 8,673.57
2 Liabilities
2.1 Non Current Liabilities
a Financial liabilities
Borrowings - 1,000.00
Lease Liabilities 10.90 18.16
Other Non - Current Financial Liabilities 5.00 78.44
b Provisions 16.09 17.53
Total Non-Current Liabilities 31.99 1,114.13
2.2 Current Liabilities
a Financial liabilities
Borrowings 6,411.75 4,169.82
Lease Liabilities 8.11 8.25
Trade payables
Total Outstanding Dues of Micro Enterprises and Small Enterprises 62.57 41.86
Total Outstanding Dues of Creditors other than Micro Enterprises and Small Enterprises 3,294.05 2,212.24
Other Current Financial Liabilities 830.15 454.27
b Other Current Non Financial Liabilities 3,096.41 1,080.87
c Provisions 46.22 38.77
d Current Tax Liabilities (Net) 36.90 9.78
Total Current Liabilities 13,786.16 8,015.86
Total Liabilities 13,818.15 9,129.99
Total Equity and Liabilities 23,105.30 17,803.56

35 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

FINANCIAL ANALYSIS
Profitability Indicators

Particulars Q4 FY23 Q4 FY22 Q3 FY23 FY23 FY22

Adjusted EBITDA / Total Income* 37.7% 29.7% 43.6% 37.3% 31.3%

EBITDA / Total Income** 32.6% 27.3% 41.9% 33.1% 29.4%

PBT Margin % 29.5% 24.0% 27.6% 26.5% 21.5%

Net Profit Margin %# 21.4% 17.6% 16.0% 19.1% 14.7%

*Adjusted EBITDA = EBITDA + interest included in cost of sale

**EBITDA = PBT + Interest + Depreciation + Share of profit in Joint Venture
#Net profit after minority interest

Leverage Indicators

Particulars As on 31st Mar 2023 As on 31st Dec 2022 As on 31st Mar 2022

Net Debt (INR Cr) 3,649 2,586 463

Networth (INR Cr) 9,264 8,837 8,675

Net Debt / Equity Ratio 0.39 0.29 0.05

Average Borrowing Cost (YTD) 6.65% 6.50% 5.95%

Note: All Numbers as per Ind AS

36 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

AGENDA
Overview 01

FY23 Highlights 02

Q4 FY23 Operational Highlights 03

Q4 FY23 Financial Highlights 04

Annexure
05

37 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

A. RESIDENTIAL PROJECTS

*Saleable area reduced post design from 1.52 msf

#Pursuant to GPL buying out JVPs share, the project has become 99% owned project and is now line-by-line consolidated. Saleable area has been reduced from 10.2 million Sq. ft. as part of the area will be plotted
development as against high-rise envisaged earlier

38 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

A. RESIDENTIAL PROJECTS

*GPL's economic interest increased to 74% during the quarter from 25.1% earlier
#Minor change in saleable area from 0.6 msf post design
9 projects from previous Q3FY23 presentation have been removed as they are 100% OC received with 95-100% sales and 90-100% collection received. These projects are Godrej Air, Godrej Avenues, Godrej Aqua, Godrej
24, Godrej Reserve, Godrej Aria, Godrej Oasis, Godrej Platinum and The Trees.

39 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

A. RESIDENTIAL PROJECTS

*GPL's economic interest increased to 74% during the quarter from 25.1% earlier

40 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

A. RESIDENTIAL PROJECTS

41 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

A. RESIDENTIAL PROJECTS

*Total estimated saleable area represents GPL share balance area to be sold for project

42 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

B. COMMERCIAL PROJECTS

43 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

THANK YOU

For further information, please contact:

Rajendra Khetawat
Godrej Properties Limited
Tel: +91 22 6169 8500
Fax: +91 22 6169 8888
Email: rajendra@godrejproperties.com

44 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY23

 GODREJ PROPERTIES LIMITED
CIN : L74120MH1985PLC035308
Registered and Corporate Office: Godrej One, 5th Floor, Pirojshanagar, Vikhroli (E), Eastern Express
Highway, Mumbai – 400079

PRESS RELEASE

Consolidated Financials for Q4 FY23 Results

 GPL’s highest ever quarterly and annual net profit of INR 412 crore in Q4 FY 23
and INR 571 crore for FY23
 Best ever quarterly and annual sales - booking value stood at INR 4,051 crore in
Q4 FY23, up 25% YoY and QoQ, and grew 56% to INR 12,232 crore for FY23
 Highest ever quarterly and annual collections with INR 3,822 crore in Q4 FY23
and INR 8,991 crore in FY23
 Highest ever quarterly and annual project deliveries with projects aggregating
~8 million sq. ft. and ~10.5 million sq. ft. delivered in Q4 FY23 and FY23
respectively.
 Best ever year for business development with addition of 18 projects with a total
estimated booking value of ~INR 32,000 Crore

Mumbai, May 03, 2023: Godrej Properties Limited (GPL), a leading national real estate
developer, announced its financial results for the fourth quarter ended March 31, 2023.

CORPORATE HIGHLIGHTS:

Sales Highlights

 Q4 FY23 witnessed total booking value growth of 25% YoY and QoQ to INR 4,051
crore with 5.25 million sq. ft. of area sold during the quarter
 FY22 booking value grew by 56% to INR 12,232 crore on back of both an improving
project mix as well as strong volume growth of 40% to 15.21 million sq. ft.
  Became the only developer to achieve a booking value of more than INR 2,000 Crore
in a year across each of the 4 large markets of NCR, MMR, Bengaluru and Pune.

Business Development
Added 5 new projects with a total estimated saleable area of nearly 9 million sq. ft. and total
estimated booking value of ~INR 5,750 Crore in Q4 FY23

Particulars Estimated Expected Business Model

Saleable Area Booking Value
(million sq. ft.) (INR Cr)

100% owned group housing

Old Madras Road development project with 0.1
4.50 3,250
(OMR), Bengaluru million sq. ft. area share to
landlord
100% owned group housing
development project with
Koregaon Park, Pune 0.79 1,000
0.05 million sq. ft. area share
to landlord
100% owned plotted
Khalapur Plotted 1.90 600
development project
100% owned plotted
Chennai Plotted 1.60 400
development project
RK Bungalow, 100% owned group housing
0.20 500
Chembur, MMR development project

Total 8.99 5,750

For FY23, added 18 new projects with an estimated revenue potential of ~INR 32,000 crore,
more than double the BD guidance of INR 15,000 Crore of estimated booking value for FY23.

Other Highlights

 Highest ever collection of INR 3,822 crore for Q4FY23 and INR 8,991 crores for FY23
leading to net operating cash flow growth of 115% YoY to INR 2,245 crore in Q4 FY23
and 101% to INR 3,533 crores in FY23
 Delivered ~8 million sq. ft. across 5 cities in Q4 FY23 taking overall deliveries for FY23
to ~10.5 miilion sq. ft.
 GPL received 17 awards in Q4 FY23 and a total of 91 awards in FY23
Commenting on the performance of Q4 FY2023, Mr. Pirojsha Godrej, Executive
Chairperson, Godrej Properties Limited, said:

“Residential real estate demand in India has been strong throughout FY 23 and leading
developers have benefited from both sectoral growth as well as market share gains. Godrej
Properties delivered a well-rounded performance in FY 23 registering its best ever business
development, bookings, cash collections, earnings, and deliveries. With a robust launch
pipeline, strong balance sheet, and sectoral tailwinds, we are confident of building on this
momentum in FY24.”

Financial Overview (Consolidated)

Q4 FY23 performance overview compared with Q4 FY22

 Total Income grew by 31% to INR 1,930 crore as compared to INR 1,476 crore
 EBITDA grew by 56% to INR 630 crore as compared to INR 403 crore
 Net Profit grew by 58% to INR 412 crore as compared to INR 260 crore
 EPS# amounted to INR 14.82 as compared to INR 9.37
#
not annualised

FY2023 performance overview compared with FY2022

 Total Income grew by 25% to INR 2,998 crore as compared to INR 2,397 crore
 EBITDA grew by 41% to INR 994 crore as compared to INR 705 crore
 Net Profit grew by 62% to INR 571 crore as compared to INR 352 crore
 EPS amounted to INR 20.55 as compared to INR 12.68

--ENDS--
About Godrej Properties Limited:

Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and
excellence to the real estate industry. Each Godrej Properties development combines a 126-
year legacy of excellence and trust with a commitment to cutting edge design, technology, and
sustainability. In FY 2021, Godrej Properties emerged as the largest developer in India by the
value and volume of residential sales achieved.

Godrej Properties has deeply focused on sustainable development. In 2010, GPL committed
that all of its developments would be third party certified green buildings. In 2020 and again in
2021 and 2022, the Global Real Estate Sustainability Benchmark ranked GPL #1 globally
amongst listed residential developers for its sustainability and governance practices. In 2017,
GPL was one of the founding partners of the Sustainable Housing Leadership Consortium
(SHLC), whose mission is to spread sustainable development practices across the Indian real
estate sector. In recent years, Godrej Properties has received over 400 awards and
recognitions, including the Porter Prize 2019, The Most Trusted Real Estate Brand in the 2019
Brand Trust Report, Builder of the Year at the CNBC-Awaaz Real Estate Awards 2019, and
The Economic Times Best Real Estate Brand 2018.

For further information please contact:

Rajendra Khetawat Anurag David

Chief Financial Officer Corporate Communications
Godrej Properties Limited Godrej Industries Limited
Tel: +91 22 6169 8500 Email: anurag.david@godrejinds.com,
Fax: +91 22 6169 8888 Mobile: +91 93225 01136
Email: rajendra@godrejproperties.com

DISCLAIMER:
Some of the statements in this communication may be ‘forward looking statements’ within the
meaning of applicable laws and regulations. Actual results might differ substantially from those
expressed or implied. Important developments that could affect the Company’s operations
include changes in the industry structure, significant changes in political and economic
environment in India and overseas, tax laws, import duties, litigation and labour relations.