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Informist, Monday, May 4, 2026

 

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--Godrej Prop Jan-Mar consol net profit INR 6.50 bln 
--Analysts saw Godrej Prop Jan-Mar consol net profit at INR 6.17 bln 
--Godrej Prop Jan-Mar consol revenue INR 34.58 bln 
--Analysts saw Godrej Prop Jan-Mar consol revenue at INR 32.98 bln 
--Godrej Prop Jan-Mar consol PAT INR 6.50 bln vs INR 3.82 bln year ago 
--Godrej Prop Jan-Mar consol revenue INR 34.58 bln vs INR 21.22 bln yr ago 
--Godrej Prop FY26 consol PAT INR 18.50 bln vs INR 14.00 bln yr ago 
--Godrej Prop FY26 consol revenue INR 51.31 bln vs INR 49.23 bln yr ago 
--Godrej Prop Q4 consol real estate revenue INR 34.24 bln vs INR 20.90 bln 
--Godrej Prop Q4 consol hospitality revenue INR 339.6 mln vs INR 319.4 mln 
--Godrej Prop expects FY27 booking value at INR 390 bln 
--Godrej Prop expects FY27 customer collections at INR 240 bln 
--Godrej Prop expects FY27 launch value at INR 480 bln 
--Godrej Prop expects FY27 deliveries at 13.5 mln sq ft 
--Godrej Prop Jan-Mar consol EBITDA INR 9.59 bln, up 51% on yr   
--Godrej Prop sold 7.3 mln sq ft area in Jan-Mar, down 4% on year 
--Godrej Prop net debt INR 64.14 bln on Mar 31 vs INR 68.73 bln qtr ago 
--Godrej Prop expects FY27 booking value to rise 14% on yr vs 16% rise FY26 
--Godrej Prop sees FY27 customer collections rise 20% YoY vs 17% rise FY26 
--Godrej Prop to pay INR 10 per share dividend 
--Godrej Properties board OKs raising up to INR 30 bln via debt 
--Godrej Properties dividend record date is Jul 28 
 

 

By Astha Oriel

 

NEW DELHI – Godrej Properties Ltd. Monday posted a sharp on-year increase in its consolidated bottom line for the March quarter, slightly above analysts' estimates. The on-year net profit growth was the fastest in the last four quarters, despite total expenses reaching a four-quarter high. The company's top line rose sharply year-on-year, after declining in the last three consecutive quarters, and beating analyst estimates by a wide margin. 

 

The company's net profit increased over 70% on year and over three-fold sequentially at INR 6.50 billion. Analysts had estimated Godrej Properties to report a consolidated net profit of INR 6.17 billion for the March quarter. 

 

The company's consolidated revenue from operations for the quarter was INR 34.58 billion, up nearly 63% on year and nearly seven-fold sequentially. Analysts had estimated Godrej Properties to report a consolidated revenue of INR 32.98 billion for the March quarter. The company said the rise in sales was driven by strong demand in some key new projects. These projects include Godrej Aveline, Godrej Parkshire in Bengaluru, Godrej Arden in Greater Noida, Godrej Varanya in Mumbai Metropolitan Region, and Godrej Ivara in Pune.  

 

The real estate major's total expenses for the March quarter increased more than 45% on year and four-fold sequentially to INR 30.23 billion. The company's cost of materials consumed increased over twofold on year and more than 89% on quarter to INR 79.81 billion, and reached a six-quarter high. The company's expenses for employee benefits grew more than 14% on year to INR 1.49 billion. Finance costs increased more than 12% on year to INR 516 million. 

 

The company's consolidated real estate segment revenue for the quarter rose to INR 34.24 billion, compared to INR 20.90 billion in the year-ago quarter. The company's consolidated revenue from the hospitality segment was INR 339.6 million as against INR 319.4 million in the year-ago quarter. The real estate major's earnings before interest, tax, depreciation, and amortisation grew 51% on year to INR 9.59 billion. Godrej Properties sold 7.3 million square feet area in the March quarter, down 4% on year.  

 

As of Mar. 31, the net debt of Godrej Properties was INR 64.14 billion as against INR 68.73 billion in the year-ago quarter. The company's March quarter net collections stood at INR 79.47 billion, growing 14% on year and 86% sequentially. The company added six new projects during the quarter with an estimated saleable area of 11 million square feet with an estimated booking value of INR 174.50 billion. 

For the financial year 2025-26 (Apr-Mar), Godrej Properties' consolidated net profit was INR 18.50 billion on a revenue of INR 51.31 billion. The company's FY26 sales bookings were INR 341.71 billion, up 16% on year. The company said it achieved 105% of its guidance for booking value in FY26. The company's FY26 collections stood at INR 199.65 billion, up 17% on year. The company said it achieved 95% of its guidance for FY26 collections. For FY27, the company expects booking value to rise 14% on year and the customer collections to rise 20% year-on-year. The company expects booking value at INR 390 billion.

 

The company said it delivered projects aggregating about 12.1 million square feet across nine cities in FY26, and achieved 121% of their guidance for project deliveries. In FY26, the real estate major added 18 new projects with an estimated saleable area of 33.32 million square feet and expected booking value of INR 421 billion. For FY27, the company expects the launch value at INR 480 billion and customer collections at INR 240 billion. The company expects project deliveries of 13.5 million square feet in FY27. 

 

The company has set Jul. 28 as the record date for the payment of dividend of INR 10 per share for FY26. Further, the company's board has given approval to raise INR 30 billion as non-convertible debentures on a private placement basis, in one or more tranches, the company said in a separate exchange filing. 

 

After the announcement of the March quarter earnings, at 1241 IST, shares of the company were up 5.9% at INR 1,943.70 on the National Stock Exchange. Monday, shares of the company traded 3.52% higher at INR 1,899 on the National Stock Exchange.  End 

 

Edited by Tanima Banerjee

 

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