Earnings Review
Godrej Properties PAT beats Street but revenue misses view
This story was originally published at 15:04 IST on 1 August 2025
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--Godrej Prop Apr-Jun consol net profit INR 6.00 bln
--Analysts saw Godrej Prop Apr-Jun consol net profit at INR 3.38 bln
--Godrej Prop Apr-Jun consol PAT INR 6.00 bln vs INR 5.20 bln year ago
--Godrej Prop Apr-Jun consol revenue INR 4.35 bln vs INR 7.39 bln year ago
--Godrej Prop Apr-Jun consol other income INR 11.86 bln vs INR 9.60 bln
--Godrej Prop Q1 consol real estate revenue INR 4.07 bln vs INR 7.16 bln
--Godrej Prop Apr-Jun consol hospitality revenue INR 276 mln vs INR 231 mln
--Godrej Prop Apr-Jun consol EBITDA INR 9.15 bln, up 18% on year
--Godrej Prop adds 5 projects in Q1 with estimated booking value INR 114 bln
--Godrej Prop: Achieved 57% of FY26 guidance for business development in Q1
--Godrej Prop Apr-Jun collections INR 36.70 bln, up 22% on year
--Godrej Prop Apr-Jun booking value INR 70.82 bln, down 18% on year
--Godrej Prop: Launched 6 projects and phases across 4 cities in Apr-Jun
--Godrej Prop launches 6 projects in Q1 with INR 85-bln total sales potential
--Godrej Prop sold 6.17 mln sq ft area in Apr-Jun, down 31% on year
--Godrej Prop: Achieved 22% of booking value guidance for FY26
By Shakshi Jain
NEW DELHI – Godrej Properties Ltd. Friday posted mixed results for the June quarter with its consolidated bottom line surpassing analysts' consensus estimate by a wide margin but the top line falling short of the Street's expectation by a similar quantum. While the company posted an on-year profit growth for the June quarter after a double-digit decline in the trailing quarter, its revenue performance was the worst in 17 quarters on a year-on-year basis. The profit growth during the quarter was helped by a strong double-digit year-on-year decline in its total expenses for the quarter.
The Mumbai-headquartered realty major reported a consolidated net profit of INR 6 billion for the June quarter, up 15% on year and 57% sequentially. Analysts had expected the company to report a bottom line of INR 3.38 billion for the quarter. The consolidated revenue fell sharply by 41% on year and almost 80% sequentially to INR 4.35 billion in Apr-Jun. This was less than half the INR 11.77 billion expected by analysts.
Other income of the company in Apr-Jun totalled INR 11.86 billion, up 23% on year and a whopping 112% sequentially. The consolidated revenue from the company's real estate segment fell 43% on year to contribute only INR 4.07 billion to its overall top line while that from the hospitality segment grew almost 20% to add INR 276 million. Godrej Properties' consolidated earnings before interest, taxes, depreciation, and amortisation for the quarter grew 18% on year to INR 9.15 billion.
Total expenses of the company in the June quarter fell by almost 21% to INR 7.33 billion. An inventory-related gain of INR 33.68 billion helped Godrej Properties control expenses during the quarter. In the year-ago quarter, the company had recorded a similar gain of INR 20.97 billion.
Among other expense items, finance costs of the company declined by nearly 20% on year to INR 327 million in Apr-Jun. On other hand, cost of materials consumed, which accounts for the largest share in the company's expenditure pie, grew 37% on year to INR 35.44 billion while employee benefit expenses surged by 51% to INR 1.49 billion during the quarter. Other expenses of the company in Apr-Jun increased by over 30% to INR 3.52 billion.
During the June quarter, Godrej Properties recorded a booking value of INR 70.82 billion through sales of 4,231 home units, the company said in a press release. This value was 18% lower on a year-on-year basis. In terms of area, the company sold real estate spanning 6.17 million square feet during the quarter, down 31% on year. It undertook six new project and phase launches during the three months across four cities with a total sales potential of INR 85 billion. Godrej Properties has achieved 22% of its booking value guidance for the ongoing fiscal in the first quarter, the company said.
Collections during the June quarter stood at INR 36.70 billion, up 22% on year, as per the company statement. Godrej properties added five projects in Apr-Jun with a total estimated booking value potential of INR 114 billion. With this, the realty player has achieved 57% of its annual guidance for business development in the ongoing fiscal, it said.
"With a robust launch pipeline, strong balance sheet, and resilient demand, we are on track to achieve our guidance across all operating parameters," Executive Chairperson Pirojsha Godrej said in a statement. At 1433 IST, shares of the company were down 1.1% at INR 2,079.30 apiece on the National Stock Exchange. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Akul Nishant Akhoury
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