NE BUSINESS BUREAU
MUMBAI, MAY 4
Godrej Properties Limited (GPL) has delivered a record-breaking financial performance for FY26, clocking its highest-ever consolidated net profit of ₹1,850 crore, a robust 32% year-on-year growth, underpinned by strong housing demand, execution momentum, and sustained cash flow generation.
- All-Time Highs Across Metrics: Net profit jumps 32% YoY to ₹1,850 crore; Q4 profit soars 70% to ₹650 crore
- Bookings Boom Continues: ₹34,171 crore FY26 booking value; 9th straight year of growth, 3-year CAGR at 41%
- Cash Flow King: Record collections of ₹19,965 crore and OCF of ₹7,830 crore power balance sheet
- Aggressive Expansion Play: ₹42,100 crore future pipeline added; 18 new projects fuel FY27 growth visibility
- Shareholder Cheer: 200% dividend announced; promoter stake hikes signal strong confidence
The company also posted its best-ever quarterly performance, with Q4FY26 net profit surging 70% to ₹650 crore, reflecting a sharp uptick in revenues and operating efficiency.
Record operational momentum
GPL retained its position as India’s largest residential developer by booking value for the third consecutive year, with FY26 bookings rising 16% YoY to ₹34,171 crore. The March quarter saw ₹10,163 crore in bookings, matching its best-ever quarterly performance and marking the fifth consecutive quarter above ₹7,000 crore.
Sales were driven by strong traction across key markets including MMR, Bengaluru, NCR, and Pune, supported by both new launches and sustained demand in ongoing projects.
Cash flows underpin growth
Collections touched a record ₹19,965 crore in FY26, up 17% YoY, while Q4 collections hit an all-time high of ₹7,947 crore, the highest ever reported by an Indian real estate developer in a quarter.
Operating cash flow remained robust at ₹7,830 crore for FY26, with Q4 OCF at ₹4,631 crore, reflecting strong project execution and customer inflows. The company also generated free cash flow of ₹628 crore in Q4, reinforcing liquidity strength.
Expansion at scale
In a significant growth push, GPL added 18 new projects in FY26, taking its future booking potential to ₹42,100 crore, more than double its initial guidance and marking its strongest-ever business development year.
Project deliveries remained strong at 12.1 million sq. ft., exceeding annual guidance by 21%, signalling execution discipline.
Financial performance snapshot
- Total Income (FY26): ₹8,374 crore (↑22%)
- EBITDA (FY26): ₹2,826 crore (↑43%)
- EPS (FY26): ₹61.43
- Q4 Total Income: ₹3,895 crore (↑47%)
- Q4 EBITDA: ₹959 crore (↑51%)
Management commentary
Commenting on the results, Pirojsha Godrej, Executive Chairperson, said: “Godrej Properties delivered a record-breaking financial year 2026 with its highest ever bookings, collections, operating cashflows, earnings, and business development. The demand for residential real estate in India remains strong across key markets and the company will continue to seek to gain market share through outstanding design, timely delivery, and high-quality developments.”
He added: “Our business development additions with a future booking value of over ₹42,000 crore will ensure a strong launch pipeline. The record operating cash flow of ₹7,830 crore enables us to invest for growth while maintaining a strong balance sheet. We aim to grow bookings to over ₹39,000 crore in FY27.”
Promoter confidence, shareholder reward
Promoters reinforced confidence by investing ₹2,674 crore to increase stake by 5% in GPL, alongside a similar stake hike in holding company Godrej Industries Limited.
The board has recommended a dividend of ₹10 per share (200%), subject to shareholder approval.
Outlook: Growth with caution
With a robust launch pipeline, strong balance sheet, and sustained housing demand, GPL remains well-positioned for FY27. However, the company flagged potential global security-led disruptions as a risk to macroeconomic stability and sectoral demand.
