- Godrej Properties posted a net income of 3.35 billion rupees for the second quarter, missing the estimated net income of 8.31 billion rupees.
- Net income for the same quarter last year was 668 million rupees.
- Revenue for this quarter increased significantly to 10.9 billion rupees, compared to 3.43 billion rupees year-over-year, surpassing the estimated 10.24 billion rupees.
- Total costs rose to 11.2 billion rupees from 4.6 billion rupees in the same quarter last year.
- Other income decreased by 3.4% year-over-year, reaching 2.53 billion rupees.
- Despite the net income miss, shares of Godrej Properties rose by 2.1% to 2,970 rupees, with 317,814 shares traded.
- Among analysts, there are 15 buy recommendations, 1 hold, and 4 sell recommendations on Godrej Properties.
A look at Godrej Properties Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Godrej Properties, Ltd. is a real estate development company with a promising long-term outlook based on the Smartkarma Smart Scores. With a strong focus on growth and momentum, the company has received high scores of 5 for Growth and 3 for Momentum. This suggests that Godrej Properties is well-positioned for future expansion and has positive performance trends. Although scoring lower in Value, Dividend, and Resilience with scores of 2, 1, and 2 respectively, the company’s emphasis on growth and momentum indicates a proactive approach towards achieving long-term success.
In summary, Godrej Properties shows strengths in growth and momentum according to the Smartkarma Smart Scores. While it may not rank as highly in areas such as value, dividend, and resilience, its strong performance in growth and momentum bodes well for its future prospects as a real estate development company.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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