Godrej Properties Posts Record ₹600 Cr Quarterly Profit in Q1 FY26, Eyes Strong Growth Ahead

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Chandigarh: Godrej Properties Limited (GPL), one of India’s top real estate developers, has reported its highest-ever quarterly net profit of ₹600 crore in Q1 FY26, marking a 15% year-on-year increase. Despite a modest decline in total income, the company delivered strong performance on profitability, business development, and operational milestones, setting the tone for another solid year.

🧾 Financial Performance – Q1 FY26 vs Q1 FY25

🏠 Sales Highlights: Booking Value Crosses ₹7,000 Cr for 8th Straight Quarter

GPL achieved a booking value of ₹7,082 crore during the first quarter, marking the 8th consecutive quarter with bookings exceeding ₹5,000 crore.

• Total homes sold: 4,231 units

• Area sold: 6.17 million sq. ft.

• YoY decline: 18% in booking value, but a 2-year CAGR growth of 77%

Key Drivers:

• Godrej MSR City (Bengaluru): ₹2,426 crore booking

• Godrej Majesty (Greater Noida): ₹925 crore booking

• Godrej Tiara (Bengaluru): ₹470 crore booking

Geographical performance:

• Bengaluru: Over ₹3,000 crore

• MMR & NCR: Each contributed over ₹1,600 crore

Launches: 6 new projects/phases launched across 4 cities with an estimated sales potential of ₹8,500 crore.

🏗️ Strong Business Development Pipeline

Godrej Properties added 5 new projects in Q1 FY26 with:

• Estimated saleable area: ~9.24 million sq. ft.

• Booking value potential: ~₹11,400 crore

With this, the company has already achieved 57% of its FY26 business development guidance within the first quarter, ensuring visibility and momentum for the remaining fiscal.

💸 Operational & ESG Highlights

• Collections: ₹3,670 crore in Q1 FY26, a 22% increase YoY — reflecting strong cash flow discipline

• Sustainability Milestone: Received SBTi approval for both near-term and long-term Net Zero goals, reinforcing its commitment to ESG leadership

• Recognition:

  • Won 10 awards during the quarter

  • Gaurav Pandey, MD & CEO, honored as CEO of the Year by Construction Times BAM Awards

💬 Leadership Commentary

Mr. Pirojsha Godrej, Executive Chairperson of Godrej Properties, commented:

“Godrej Properties delivered another solid quarter for bookings, cashflows, and earnings. The residential real estate sector in India has been strong over the past four years and we believe the sector will continue to provide opportunity over the next few years.

Our business development additions since FY23 with a future booking value of over ₹90,000 crore provide us significant opportunity to scale our bookings and in turn our earnings. With a robust launch pipeline, strong balance sheet, and resilient demand, we are on-track to achieve our guidance across all operating parameters.”

🧭 Outlook

Despite a marginal dip in income this quarter, Godrej Properties has laid the groundwork for sustained growth in FY26 through:

• A strong pipeline of new launches

• Strategic land acquisitions with high booking value potential

• Continued demand in key markets like Bengaluru, MMR, and NCR

• Industry-leading margins and cash collections

With India’s residential real estate market expected to remain buoyant, Godrej Properties appears well-positioned to maintain its growth trajectory, backed by execution strength and ESG-first initiatives.

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