365tlugu.com online news, Mumbai, August 2, 2025: Godrej Properties Limited (GPL), one of India’s leading real estate developers, announced its financial results for the quarter ended June 30, 2025 (Q1 FY26), reporting a solid start to the fiscal year with robust bookings, project launches, and healthy profit growth.
Sales Performance Highlights:
- GPL recorded a booking value of ₹7,082 crore in Q1 FY26, driven by the sale of 4,231 homes covering a total area of 6.17 million sq. ft.
- This marks the eighth consecutive quarter with bookings exceeding ₹5,000 crore.
- Key contributors included:
- Godrej MSR City, Bengaluru: ₹2,426 crore
- Godrej Majesty, Greater Noida: ₹925 crore
- Godrej Tiara, Bengaluru: ₹470 crore
- Bengaluru alone contributed over ₹3,000 crore, while MMR and NCR each contributed over ₹1,600 crore.
- The company launched 6 new projects/phases across 4 cities during the quarter, with a total sales potential of ₹8,500 crore.
Business Development:
- GPL added 5 new projects in Q1 FY26 with an estimated saleable area of 9.24 million sq. ft., representing a booking value potential of approximately ₹11,400 crore.
- The company has already achieved 57% of its annual business development target for FY26.
Operational & Strategic Highlights:
- Collections stood at ₹3,670 crore, registering a 22% year-on-year growth.
- GPL received validation from the Science Based Targets initiative (SBTi) for its near-term goals and commitment to long-term Net Zero targets.
- The company received 10 prestigious awards during the quarter.
- MD & CEO Gaurav Pandey was named ‘CEO of the Year’ by Construction Times BAM Awards.
- While booking value saw an 18% YoY decline, the 2-year CAGR stands strong at 77%.
Financial Highlights (Consolidated):
Q1 FY26 vs Q1 FY25
- Total Income: ₹1,593 crore (down 3% YoY)
- EBITDA: ₹915 crore (up 18%)
- Net Profit: ₹600 crore (up 15%)
- EPS: ₹19.92 (vs ₹18.70 in Q1 FY25) (not annualised)
Leadership Commentary:
Mr. Pirojsha Godrej, Executive Chairperson, stated:
“Godrej Properties delivered another solid quarter for bookings, cashflows, and earnings. With the Indian residential real estate market showing sustained strength over the past four years, we are confident about continued opportunities ahead. Our recent business development additions with a future booking potential of over ₹90,000 crore will significantly boost our growth trajectory. Backed by a strong launch pipeline, healthy balance sheet, and resilient demand, we are on track to meet our guidance across all key parameters.”