Godrej Properties Eyes Over ₹20,000 Crore Operating Cash Flow By FY28
New Delhi: Godrej Properties Ltd will generate more than Rs 20,000 crore of operating cash flow during the current and next fiscal, enabling the company to continue investing in business expansion, its executive Chairperson Pirojsha Godrej said. In an interview with PTI, Pirojsha highlighted that the company's operational performance was quite strong in the June quarter with sales bookings rising…
Godrej Properties Ltd is projected to generate over Rs 20,000 crore of operating cash flow during the current and next fiscal year, according to the company's executive Chairperson, Pirojsha Godrej. In a recent interview, Pirojsha highlighted that the company's operational performance was robust in the June quarter, with sales bookings rising by 22 per cent to Rs 8,651 crore.
He emphasized that consistent sales growth is driving high visibility for both cash flows and earnings. Pirojsha expressed confidence that the company is on track to meet or exceed its guidance across all parameters, including sales bookings, launches, collections from customers, and land acquisition. The company is also on track to achieve a 20 per cent return on equity (ROE) for the next financial year.
Despite a weak performance in the first quarter, Godrej Properties expects its operating cash flow to expand rapidly, reaching over Rs 20,000 crore over the next seven quarters, creating significant investment capabilities for growth and potentially achieving free cash flow positivity next year.
Written by urgent.news from Free Press Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
