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Godrej Properties Results: Latest Quarterly Results & Analysis

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Godrej Properties Ltd. 04 May 2026 12:45 PM

Q4FY26 & FY26 Result Announced for Godrej Properties Ltd.

Realty company Godrej Properties announced Q4FY26 & FY26 results

Consolidated Financial Highlights

  • Total Income for Q4FY26 stood at Rs 3,895 crore, representing a significant growth of 47% YoY compared to Rs 2,646 crore in Q4FY25 and a substantial increase of 282% QoQ from Rs 1,020 crore in Q3FY26.
  • Net Profit after tax for Q4FY26 reached Rs 650 crore, a growth of 70% YoY from Rs 382 crore in Q4FY25 and a massive increase of 233% QoQ from Rs 195 crore in Q3FY26.
  • EBITDA for Q4FY26 was reported at Rs 959 crore, reflecting a 51% YoY growth from Rs 634 crore and a 183% QoQ growth from Rs 338 crore.
  • Adjusted EBITDA for Q4FY26 stood at Rs 1,051 crore, up 56% YoY from Rs 675 crore and up 200% QoQ from Rs 351 crore.
  • Profit before tax for Q4FY26 was Rs 871 crore, increasing by 54% YoY and 216% QoQ.
  • For the full year FY26, Total Income reached Rs 8,374 crore, showing a 22% increase compared to Rs 6,848 crore in FY25.
  • Annual Net Profit after tax for FY26 was Rs 1,850 crore, marking a growth of 32% over FY25's Rs 1,400 crore.
  • Annual EBITDA for FY26 stood at Rs 2,826 crore, reflecting a 43% YoY growth from Rs 1,970 crore.
  • Annual Adjusted EBITDA for FY26 was reported at Rs 2,957 crore, up 37% from Rs 2,164 crore in the previous year.
  • Networth of the company as of March 31, 2026, was Rs 19,156 crore.
  • Net Debt as of March 31, 2026, stood at Rs 6,414 crore compared to Rs 3,269 crore as of March 31, 2025.
  • The Average Borrowing Cost (YTD) improved to 7.05% as of March 31, 2026, from 7.80% as of March 31, 2025.

Business Highlights

  • The company achieved its highest-ever annual booking value of Rs 34,171 crore in FY26, representing a growth of 16% YoY.
  • Q4FY26 booking value reached Rs 10,163 crore, matching the previous best quarter and growing 21% QoQ. This is the 11th consecutive quarter in which the company has delivered more than Rs 5,000 crore of booking value.
  • Total annual customer collections for FY26 reached a record Rs 19,965 crore, a growth of 17% YoY.
  • Q4FY26 collections stood at Rs 7,947 crore, marking a 14% YoY increase and an 86% QoQ increase.
  • Annual Operating Cashflow (OCF) for FY26 was Rs 7,830 crore, showing a YoY growth of 5%.
  • Q4FY26 OCF was Rs 4,631 crore, representing a 14% YoY growth and a 336% QoQ growth.
  • The company delivered approximately 12.1 million sq. ft. of area across 9 cities in FY26, achieving 121% of its annual guidance.
  • In FY26, the company added 18 new projects with an estimated saleable area of 33.32 million sq. ft. and an expected booking value of Rs 42,100 crore, doubling its initial guidance.
  • In Q4FY26, the company added 6 new projects with an estimated saleable area of approximately 11 million sq. ft. and an expected booking value of Rs 17,450 crore.
  • Promoters utilized the entire creeping acquisition limit by investing Rs 2,674 crore to acquire a 5.0% stake in the company during FY26, including Rs 2,373 crore invested in Q4FY26.

Segment-wise Performance

  • Residential Sales (Regional):
    • MMR: Registered an annual booking value of Rs 10,312 crore through the sale of 4.87 million sq. ft.
    • Bengaluru: Reported an annual booking value of Rs 8,801 crore with 8.30 million sq. ft. sold.
    • NCR: Achieved an annual booking value of Rs 7,412 crore through the sale of 4.46 million sq. ft.
    • Pune: Recorded an annual booking value of Rs 3,659 crore with 3.73 million sq. ft. sold.
    • Hyderabad: Registered an annual booking value of Rs 2,360 crore through the sale of 2.75 million sq. ft.
  • Commercial Portfolio:
    • Leased approximately 0.88 million sq. ft. of net area across 6 assets in FY26.
    • The company has 5 operational assets (5.85 million sq. ft.) with a rental potential of approximately Rs 1,000 crore per annum.
  • Hospitality (Taj The Trees):
    • Revenue for FY26 was Rs 123 crore, reflecting a 14% growth over FY25.
    • EBITDA for the segment was Rs 48 crore, a 22% increase YoY.
  • Community Management (Godrej Living):
    • Revenue for FY26 reached Rs 156 crore, a growth of 93% compared to Rs 81 crore in FY25.
    • The segment achieved break-even in its third full year of operations with an EBITDA of Rs 6 crore.

Result PDF

Realty company Godrej Properties announced Q3FY26 results

  • Total Income declined by 17% to Rs 1,020 crore as compared to Rs 1,222 crore.
  • EBITDA grew by 21% to Rs 338 crore as compared to Rs 280 crore.
  • Net Profit grew by 20% to Rs 195 crore as compared to Rs 163 crore.
  • EPS amounted to Rs 6.48 as compared to Rs 5.70.

Pirojsha Godrej, Executive Chairperson, Godrej Properties, said: “Godrej Properties delivered another solid quarter for bookings and earnings. The company has achieved a remarkable increase in scale in the past four years. We are pleased that this sales growth is spread across the markets we are operating in and was on the back of strong volumes and pricing growth. The equity capital of Rs 6,000 crore we raised through a QIP last financial year combined with the operating cash flow we are generating will enable us to continue to invest for growth. With a robust launch pipeline, strong balance sheet, and resilient demand, we are confident of ending FY26 as our best ever year across all key operating metrics and of delivering sustained high-quality performance in the years ahead.”

Result PDF

Realty company Godrej Properties announced Q2FY26 results

  • Total Income grew by 39% to Rs 1,867 crore as compared to Rs 1,343 crore.
  • EBITDA grew by 118% to Rs 614 crore as compared to Rs 282 crore.
  • Net Profit grew by 21% to Rs 405 crore as compared to Rs 335 crore.
  • EPS# amounted to Rs 13.45 as compared to Rs 12.06.

Pirojsha Godrej, Executive Chairperson, Godrej Properties, said: “Godrej Properties delivered another solid quarter for bookings and earnings. We have achieved a remarkable increase in scale in the past three and a half years. Our quarterly bookings in Q2 is higher than our annual bookings of FY22. We are pleased that this sales growth is spread across the markets we are operating in and was on the back of strong volumes and pricing. The equity capital of Rs 6,000 crore we raised through a QIP last year combined with the operating cash flow we are generating will enable us to continue to invest for growth.

With a robust launch pipeline, strong balance sheet, and resilient demand, we are ontrack to surpass our booking value guidance for FY26 and deliver sustained highquality performance across all key operating metrics.”

Result PDF

Realty company Godrej Properties announced Q1FY26 results

  • Total Income declined by 3% to Rs 1,593 crore as compared to Rs 1,638 crore.
  • EBITDA grew by 18% to Rs 915 crore as compared to Rs 774 crore.
  • Net Profit grew by 15% to Rs 600 crore as compared to Rs 520 crore.
  • EPS amounted to Rs 19.92 as compared to Rs 18.70.

Pirojsha Godrej, Executive Chairperson, Godrej Properties, said: “Godrej Properties delivered another solid quarter for bookings, cashflows, and earnings. The residential real estate sector in India has been strong over the past four years and we believe the sector will continue to provide opportunity over the next few years. Our business development additions since FY23 with a future booking value of over Rs 90,000 crore, provide us significant opportunity to scale our bookings and in turn our earnings. With a robust launch pipeline, strong balance sheet, and resilient demand, we are on-track to achieve our guidance across all operating parameters.”

Result PDF

Realty company Godrej Properties announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Total Income grew by 36% to Rs 2,646 crore as compared to Rs 1,952 crore.
  • EBITDA declined by 2% to Rs 634 crore as compared to Rs 649 crore.
  • Net Profit declined by 19% to Rs 382 crore as compared to Rs 471 crore.
  • EPS amounted to Rs 12.68 as compared to Rs 16.95.

FY25 Financial Highlights:

  • Total Income grew by 57% to Rs 6,848 crore as compared to Rs 4,362 crore.
  • EBITDA grew by 65% to Rs 1,970 crore as compared to Rs 1,197 crore.
  • Net Profit grew by 93% to Rs 1,400 crore as compared to Rs 725 crore.
  • EPS amounted to Rs 49.02 as compared to Rs 26.09.

Pirojsha Godrej, Executive Chairperson, Godrej Properties, said: “Godrej Properties delivered a record-breaking financial year 2025 with its highest ever bookings, collections, operating cashflows, earnings and deliveries as well as a strong year for business development. It is the 8th consecutive year of booking value growth for the company indicating the resilience of the company to grow through various macroeconomic cycles. Our sales bookings over the last 3 years have compounded at an annual growth rate of 55%. Through this, GPL has completely reset the scale of its operations and for the second consecutive year is the largest real estate developer in India by booking value.

The residential real estate sector in India has been strong over the past few years and we believe the sectoral tailwinds will continue over the next few years. Our business development additions with a future booking value of Rs 26,450 crore in FY25 will ensure that we continue to have a strong launch pipeline in the years ahead. Furthermore, the equity capital of Rs 6,000 crore we raised through a QIP in December 2024 combined with the record operating cash flow of Rs 7,484 crore we generated in FY25 will enable us to continue to invest for growth. In FY26, we plan to grow residential bookings to over Rs 32,500 crore through the launch of a large number of exciting new projects combined with strong sustenance sales. This combined with strong construction progress will allow us to maintain rapid growth in operating cash flows as well. With a robust launch pipeline, strong balance sheet, and sectoral tailwinds, we are confident of continuing the momentum in FY26.”

Result PDF

Realty company Godrej Properties announced Q3FY25 results

  • Total Income grew by 133% to Rs 1,222 crore as compared to Rs 524 crore during Q3FY24.
  • EBITDA grew by 85% to Rs 280 crore as compared to Rs 152 crore during Q3FY24.
  • Net Profit grew by 161% to Rs 163 crore as compared to Rs 62 crore during Q3FY24.
  • EPS amounted to Rs 5.70 as compared to Rs 2.24 during Q3FY24.

Pirojsha Godrej, Executive Chairperson, Godrej Properties, said: “Godrej Properties delivered a record-breaking calendar year 2024 with its highest ever bookings, collections, operating cashflows, earnings and deliveries. The third quarter of financial year 2025 was the 6th consecutive quarter of more than Rs 5,000 crore bookings underlying the sectoral tailwinds for the residential real estate sector in India. With a robust launch pipeline, strong balance sheet, and resilient demand, we are on-track to surpass our bookings guidance of Rs 27,000 crore in FY25 while also achieving our highest ever cash collections, deliveries, earnings and operating cash flow.

We remain focused on building scale through continued market share gains and margin expansion.”

Result PDF

Realty company Godrej Properties announced H1FY25 & Q2FY25 results

Q2FY25 Financial Highlights:

  • Total Income grew by 135% to Rs 1,343 crore as compared to Rs 571 crore.
  • EBITDA grew by 69% to Rs 282 crore as compared to Rs 167 crore.
  • Net Profit grew by 402% to Rs 335 crore as compared to Rs 67 crore
  • EPS amounted to Rs 12.06 as compared to Rs 2.40.

H1FY25 Financial Highlights:

  • Total Income grew by 58% to Rs 2,981 crore as compared to Rs 1,886 crore.
  • EBITDA grew by 167% to Rs 1,056 crore as compared to Rs 396 crore.
  • Net Profit grew by 345% to Rs 855 crore as compared to Rs 192 crore.
  • EPS amounted to Rs 30.76 as compared to Rs 6.90.

Pirojsha Godrej, Executive Chairperson, Godrej Properties, said: “Godrej Properties delivered a robust quarter with its highest ever Q2 and H1 bookings, collections, operating cashflows, and deliveries. With bookings growth of 56% in FY23, 84% in FY24 and 90% in H1FY25, GPL has reset its scale. The benefit of this is clearly visible in our cash flows with collections growth of 68% and operating cash flow growth of 125% in Q2. With a robust launch pipeline, strong balance sheet, and resilient demand, we are on-track to significantly surpass our bookings target of Rs 27,000 cores in FY25 while also achieving our highest ever deliveries and collections.

The sectoral tailwinds for the residential real estate sector in India will continue over the next few years and we remain focused on building scale through continued market share gains and margin expansion.”

Result PDF

Realty company Godrej Properties announced Q1FY25 results:

  • Booking value grows by 283% to Rs 8,637 crore in Q1FY25 from the sale of 8.99 million sq. ft. area. It is GPLs highest ever quarterly sales for Q1 & its second highest quarterly sales ever.
  • GPL continued to record highest quarterly booking value amongst listed developers in India for the second consecutive quarter.
  • The booking volume of 8.99 million sq. ft. of area is also the highest ever quarterly volume sold by any listed developer in India, surpassing GPL's previous best of 8.17 million sq. ft. in Q4 FY24.
  • Godrej Woodscapes, Bengaluru was GPL's most successful ever launch achieving a booking value of Rs 3,156 crore from 3.40 million sq. ft. of area sold. GPL has achieved over 500% QoQ growth in sales in Bengaluru and has surpassed its full year FY24 sales in South India within the first quarter.
  • Godrej Jardinia, Noida was GPL's most successful launch in Noida achieving a booking value of Rs 2,377 crore from 1.60 million sq. ft. of area sold. GPL has achieved booking value of over Rs 4,400 crore in Sector 146, Noida in less than a year.
  • GPL has now achieved booking value of over Rs 2,000 crore each in 6 projects in the last 4 quarters.
  • 8 new project and phase launches during the quarter across 5 cities
  • Added 2 group housing projects in Pune and Bengaluru with estimated booking value of Rs 3,000 crore in Q1FY25
  • Collections stood at Rs 3,012 Crore for Q1FY25, a YoY growth of 54%
  • Net operating cashflow stood at Rs 988 crore for Q1FY25, a YoY growth of 737%
  • Delivered projects aggregating ~2.7 million sq. ft. across 3 cities in Q1FY25
  • Godrej Centre Hebbal, Bengaluru received occupancy certificate in Q1FY25.
  • Leased ~1.7 lakh sq. ft. of area across 4 assets in Q1FY25
  • 23 awards received in Q1FY25
  • GPL's market capitalization has crossed $10 billion for the first time in Q1FY25

Result PDF

Realty company Godrej Properties announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • GPL’s best ever quarterly sales - booking value stood at Rs 9,519 crore in Q4 FY24, up 135% YoY and 66% QoQ.
  • Quarterly collections with Rs 4,693 crore in Q4FY24.
  • Total Income grew by 1% to Rs 1,952 crore as compared to Rs 1,930 crore in Q4FY23
  • EBITDA grew by 3% to Rs 649 crore as compared to Rs 630 crore in Q4FY23
  • Net Profit grew by 14% to Rs 471 crore as compared to Rs 412 crore in Q4FY23
  • EPS amounted to Rs 16.95 as compared to Rs 14.82 in Q4FY23

FY24 Financial Highlights:

  • GPL’s best ever annual sales - booking value grew 84% to Rs 22,527 crore for FY24.
  • Annual collections with Rs 11,436 crore in FY24.
  • Annual project deliveries with projects aggregating ~12.5 million sq. ft. delivered in FY24.
  • Strong year for business development with addition of 10 projects with a total estimated booking value of ~Rs 21,225 Crore.
  • Total Income grew by 45% to Rs 4,362 crore as compared to Rs 2,998 crore in FY23
  • EBITDA grew by 20% to Rs 1,197 crore as compared to Rs 994 crore in FY23
  • Net Profit grew by 27% to Rs 725 crore as compared to Rs 571 crore in FY23
  • EPS amounted to Rs 26.09 as compared to Rs 20.55 in FY23

Commenting on the performance of Q4 FY2024, Pirojsha Godrej, Executive Chairperson, Godrej Properties Limited, said: “Godrej Properties delivered a robust and well-rounded performance in FY24 registering its best-ever bookings, cash collections, earnings, and deliveries as well as a strong year for business development. The residential real estate sector in India has been strong over the past three years and we believe the sectoral tailwinds will continue over the next few years. The significant levels of business development we have executed in previous years at favourable terms allowed us to scale our bookings by 84% to Rs 22,527 crore in FY24 and become the largest publicly listed real estate developer in India be sales.

In FY25, we hope to grow residential bookings to over Rs 27,000 crore through the launch of a large number of exciting new projects combined with strong sustenance sales. This combined with strong project deliveries should allow us to maintain rapid growth in operating cash flows as well. With a robust launch pipeline, strong balance sheet, and sectoral tailwinds, we are confident of an outstanding FY25.”

Result PDF

Realty company Godrej Properties announced Q3FY24 & 9MFY24 results:

Consolidated Q3FY24 vs Q3FY23:

  • Total Income grew by 43% to Rs 524 crore compared to Rs 366 crore.
  • EBITDA was Rs 152 crore compared to Rs 153 crore.
  • Net Profit grew by 6% to Rs 62 crore compared to Rs 59 crore.
  • EPS amounted to Rs 2.24 compared to Rs 2.11.

Consolidated 9MFY24 vs 9MFY23:

  • Total Income grew by 126% to Rs 2,410 crore compared to Rs 1,068 crore.
  • EBITDA grew by 51% to Rs 548 crore compared to Rs 364 crore.
  • Net Profit grew by 60% to Rs 254 crore compared to Rs 159 crore.

Sales Highlights:

  • Q3FY24 marked GPL’s highest-ever quarterly sales for the second quarter in a row, witnessing a total booking value of Rs 5,720 crore with 4.34 million sq. ft. of area sold.
  • Booking value in 9M FY24 amounted to 106% of the booking value for the entire FY23, which was GPL's previous best year.
  • Godrej Aristocrat, Gurugram, was GPL’s most successful ever launch, achieving a booking value of Rs 2,667 crore.
  • Godrej Ananda, Bengaluru, achieved a booking value of Rs 574 crore.
  • Godrej Avenue 11, MMR, launched in September 2023, achieved a booking value of Rs 687 crore within 4 months of launch.
  • 8 new projects/phases were launched during the quarter across 5 cities.

Business Development:

  • Added 1 group housing project in Bengaluru with an estimated booking value of Rs 1,250 crore, taking the 9M FY24 count to 6 additions with an estimated booking value of Rs 8,425 crore.

Other Highlights:

  • Collections and Net Operating Cash flow grew by 43% to Rs 2,411 crore and 45% to Rs 798 crore, respectively, in Q3 FY24.

Commenting on the performance of Q3FY24, Pirojsha Godrej, Executive Chairperson, Godrej Properties, said: “The residential real estate sector in India has been strong over the past three years and we believe the real estate cycle will continue to strengthen over the next few years. The significant levels of business development we have executed in previous years at favourable terms provides us the opportunity to exponentially scale our business in the years ahead. Our topmost priority is bringing these new projects to market in the upcoming quarters.

We saw strong demand continue for new launches this quarter and we are delighted with the response to our project, Godrej Aristocrat in Gurugram which received bookings of more than Rs 2,600 crore within the quarter making it GPL’s most successful ever launch. We will significantly exceed our bookings guidance of Rs 14,000 crore for FY24 and we are confident of also delivering our best ever year in terms of cash collections and project deliveries.”

Result PDF

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