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Informist, Tuesday, Aug. 4, 2026

 

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--Godrej Prop Apr-Jun consol net profit INR 3.50 bln 
--Analysts saw Godrej Prop Apr-Jun consol net profit at INR 4.74 bln 
--Godrej Prop Apr-Jun consol revenue INR 5.06 bln 
--Analysts saw Godrej Prop Apr-Jun consol revenue at INR 13.94 bln 
--Godrej Prop Apr-Jun consol PAT INR 3.50 bln vs INR 6.00 bln year ago 
--Godrej Prop Apr-Jun consol revenue INR 5.06 bln vs INR 4.35 bln yr ago 
--Godrej Prop Q1 consol real estate revenue INR 4.76 bln vs INR 4.07 bln 
--Godrej Prop Q1 consol hospitality revenue INR 299.2 mln vs INR 276.0 mln 
--Godrej Prop shares fall more now down 3.2% vs 1.6?rlier 
--Godrej Prop shares fall more after Q1 PAT falls 42% on year 
--Godrej Prop Apr-Jun consol EBITDA INR 5.45 bln, down 40% on yr 
--Godrej Prop sees INR 520 bln-INR 550 bln collections for FY27-28 cumulative 
--Godrej Prop Apr-Jun booking value INR 86.51 bln, up 22% on yr 
--Godrej Prop Apr-Jun collections INR 43.48  bln, up 18% on year 
--Godrej Prop sold 6.2 mln sq ft area in Apr-Jun 
--Godrej Prop net debt INR 76.37 bln on Jun 30 vs INR 64.14 bln qtr ago 
--Godrej Prop adds 3 projects in Q1; expected booking value INR 95 bln

 

By Arundathi A R and Astha Oriel

 

MUMBAI/NEW DELHI – Godrej Properties Ltd. posted a sharp on-year fall in its consolidated bottom line for the June quarter after four quarters of rise. Its top line, however, rose on year for the second successive quarter. The company's net profit fell after its on-year growth in expenses for the quarter slightly outpaced that of its revenue. Both the key financial metrics of Godrej Properties missed the Street's expectations.

 

The Mumbai-headquartered real estate company reported a consolidated net profit of INR 3.50 billion, down nearly 42% on year. Its revenue from operations for the quarter, however, rose over 16% on year to INR 5.06 billion. Analysts had estimated the company's net profit for Apr-Jun at INR 4.74 billion and top line at INR 13.94 billion.

 

Total expenses of the company were reported at INR 8.57 billion, up 17% from the same period last year, despite a sharp fall in its cost of raw materials consumed. The input costs fell nearly 18% on year to INR 29.14 billion.

 

Godrej Properties' consolidated earnings before interest, tax, depreciation, and amortisation were reported at INR 5.45 billion, down 40% on year. The company also marked remarkable on-year growth in its segments as well. Its hospitality revenue rose over 8% on year to INR 299.2 million, while its real estate segment revenue grew 17% on year to INR 4.76 billion.

 

Booking value recorded by the company for the quarter was INR 86.51 billion, up 22% on year. This was achieved through the sale of 3,738 units with a total area of 6.2 million square feet, the company said in a statement. The company's June quarter collections rose 18% on year to INR 43.48 billion. The company's operating cash flow for the quarter was INR 3.99 billion as against INR 46.31 billion in the March quarter. The construction and related outflow increased by 54% on year in the June quarter.  

 

For the June quarter, Godrej Properties added three new projects with an estimated saleable area of around 8 million square feet and expected booking value of INR 95 billion. The real estate major said it has achieved 48% of its annual guidance for business development for FY27 in the first quarter.

 

"We remain on track to deliver on bookings of over INR 39,000 crore (INR 390 billion) and collections of INR 24,000 crores (INR 240 billion) for the year, which will allow us to generate approximately Rs 9,000 crores (INR 90 billion) of operating cash flow, which in turn will allow us to continue to invest in sustainable growth. We will continue to seek to gain market share through outstanding design, timely delivery, and high-quality developments," Executive Chairperson Pirojsha Godrej said in a statement.

 

 

The real estate major expects to deliver INR 200 billion of operating cash flow between the September quarter of 2026-27 (Apr-Mar) and March quarter of FY28. It also expects INR 520 billion-INR 550 billion of collections cumulatively for FY27 and FY28. This will enable Godrej Properties to be free cash flow positive by FY28, the company said. 

 

Godrej Properties expects INR 400 billion as the booking value of the projects on its balance sheet by FY28. As of year-to-date, the company has achieved 22% launch value guidance of INR 480 billion and booking value guidance of INR 390 billion for FY27. The company has achieved 18% customer collections guidance of INR 240 billion for FY27. 

 

The company announced June quarter results during the market hours. The company's shares fell around 3.6% as against 1.6?rlier, after the company's June quarter results. At 1316 IST, shares of Godrej Properties traded 2.1% lower at INR 2,045.30 on the National Stock Exchange.  End

 

Edited by Akul Nishant Akhoury

 

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