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Informist, Thursday, Feb. 5, 2026

 

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--Godrej Prop Oct-Dec consol net profit INR 1.95 bln 
--Analysts saw Godrej Prop Oct-Dec consol net profit at INR 7.02 bln 
--Godrej Prop Oct-Dec consol revenue INR 4.98 bln 
--Analysts saw Godrej Prop Oct-Dec consol revenue at INR 13.65 bln 
--Godrej Prop Oct-Dec consol PAT INR 1.95 bln vs INR 1.63 bln year ago 
--Godrej Prop Oct-Dec consol revenue INR 4.98 bln vs INR 9.69 bln yr ago 
--Godrej Prop Oct-Dec consol real estate sales INR 4.66 bln vs INR 9.39 bln 
--Godrej Prop Apr-Dec consol PAT 12.00 INR bln vs INR 10.18 bln yr ago 
--Godrej Prop Oct-Dec consol hospitality sales INR 320.2 mln vs INR 303.2 mln 
--Godrej Prop Apr-Dec consol revenue INR 16.73 bln vs INR 28.01 bln yr ago 
--Godrej Prop Q3 consol other income INR 5.35 bln vs INR 2.71 bln year ago 
--Godrej Prop Oct-Dec consol EBITDA INR 3.38 bln, up 21% on year 
--Godrej Prop: Achieved 74% of booking value guidance for FY26 
--Godrej Prop sold 6.43 mln sqft area in Oct-Dec 
--Godrej Prop Oct-Dec collections INR 42.82 bln, up 40% on year 
--Godrej Prop Oct-Dec booking value INR 84.21 bln, up 55% on year 
--Godrej Prop adds 3 projects in Q3; expected booking value INR 84 bln 
--Godrej Prop net debt INR 68.73 bln as on Dec 31 vs INR 55.65 bln qtr ago 
--Godrej Prop: Have exceeded FY26 booking value INR 200 bln guidance 
--Godrej Prop sees robust collections with many deliveries slated for Q4
 

 

By P. Madhu Kumar

 

MUMBAI – Godrej Properties Ltd.'s consolidated revenue for the December quarter nearly halved and fell short of analysts' expectations as revenue from its real estate segment tanked. The fall in top line was the steepest since the March quarter of 2021. However, the company managed to register robust growth in consolidated net profit owing to a sharp jump in other income. Excluding the other income of INR 5.36 billion, the company would have posted a net loss of INR 3.41 billion. The bottom line also failed to meet analysts' expectations.

 

The real estate company reported a near 49% on-year decline in consolidated top line to INR 4.98 billion, or a 33?ll on quarter. The revenue was much lower than the Street's expectation of INR 13.65 billion. Its net profit jumped 20% on year but declined nearly 52% sequentially to INR 1.95 billion. Analysts saw the net profit at INR 7.02 billion. More

 

The company's real estate sales during the quarter stood at INR 4.66 billion, sharply down from INR 9.39 billion in the year-ago quarter. Revenue from hospitality sales grew nearly 6% on year to INR 320.2 million from INR 303.2 million. 

 

The earnings before interest, taxes, depreciation, and amortisation jumped up 21% to INR 3.38 billion in the December quarter. The adjusted EBITDA grew 14% on year to INR 3.51 billion. On a quarter-on-quarter basis, the EBITDA and adjusted EBITDA fell 45% and 44%, respectively.

 

The company launched three new projects during the December quarter with a saleable area around 7.30 million square feet and an expected booking value of INR 84 billion. The three projects include Kada Agrahara in Bengaluru. The estimated revenue potential from this project is around INR 35 billion, the company said in an investor presentation. The Neopolis project in Hyderabad is spread over 5 acres of land has an estimated revenue potential of INR 41.5 billion. The Nagpur 3 project could generate around INR 7.50 billion in revenue for the company.

 

The company managed to achieve 74% of its 2025-26 (Apr-Mar) guidance of INR 200 billion for expected booking value. "Q3 FY26 booking value grew 55% YoY and declined 1% QoQ to INR 8,421 crore (INR 84.21 billion). This was achieved through the sale of 3,973 homes with a total area of 6.43 million sq. ft. (square feet)," the company said. More

 

The company's collections during the quarter grew 40% on year and 5% on quarter to INR 42.82 billion. The company expects robust collections and operating cash flow with large number of deliveries slated in the March quarter.

 

For the nine months ended December, the company reported a consolidated net profit of INR 12 billion, up from INR 10.18 billion in the same period year ago. Consolidated revenue for the period was INR 16.73 billion compared to INR 28.01 billion year ago. 

 

Godrej Properties reported its December quarter earnings during market hours on Thursday, after which the stock fell nearly 4% but recovered slightly later. The stock ended 1.3% lower at INR 1,689.80 on the National Stock Exchange.  End

 

Edited by Ashish Shirke

 

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