Godrej Properties posts record Q1 net profit despite sales decline

Godrej Properties Limited reported its highest-ever quarterly net profit of ₹600 crore for Q1 FY26, marking a 15 per cent year-on-year growth despite facing headwinds in booking values.

The real estate developer’s booking value declined 18 per cent to ₹7,082 crores compared to the same quarter last year, though this marked the eighth consecutive quarter exceeding ₹5,000 crore in bookings. The company sold 4,231 homes across 6.17 million square feet during the quarter.

EBITDA grew 18 per cent to ₹915 crore while total income dropped 3per cent to ₹1,593 crore. Collections surged 22 per cent to ₹3,670 crore, providing strong cash flow support.

New project launches drove performance, with Godrej MSR City in Bengaluru generating ₹2,426 crore in bookings, followed by Godrej Majesty in Greater Noida at ₹925 crore. Bengaluru contributed over ₹3,000 crores to total bookings.

The company expanded its pipeline by adding five new projects worth an estimated ₹11,400 crore in booking value potential, achieving 57per cent of its annual business development guidance in just one quarter.

Executive Chairperson Pirojsha Godrej cited the company’s robust launch pipeline and strong balance sheet as key factors supporting future growth, with business development additions since FY23 totaling over ₹90,000 crore in future booking value.

The shares of Godrej Properties Limited were trading today on the NSE at ₹2,068.60 down by ₹34.30 or 1.63 per cent.

Published on August 1, 2025