Godrej Properties Limited announced its unaudited consolidated financial results for the first quarter ended June 30, 2026 (Q1 FY27).
Sales Performance
- Booking value grew 22% year-over-year to ₹8,651 crores in Q1 FY27, the highest first quarter booking value achieved by the company.
- This represents the 6th consecutive quarter where booking value exceeded ₹7,000 crore.
- Sales were achieved through 3,738 units with a total area of 6.2 million square feet.
- Key project contributions: Godrej Vanantara in Bengaluru (₹3,237 crores), Godrej Samaris in Gurugram (₹1,248 crores), and Godrej Brooklyn Avenue in Hyderabad (₹317 crores).
- Geographic distribution: Bengaluru (44%), MMR (21%), NCR (18%), Pune (11%), and Hyderabad (5%).
Collections and Cash Flow
- Collections grew 18% year-over-year to ₹4,348 crores in Q1 FY27.
- Operating cash flow (OCF) stood at ₹399 crore for the quarter.
- Construction and related outflow increased by 54% year-over-year in Q1 FY27.
Business Development
- Added 3 new projects with estimated saleable area of approximately 8.0 million square feet.
- Expected booking value from new projects: ₹9,500 crore.
- Achieved 48% of annual business development guidance for FY27 in the first quarter.
Operational Highlights
- Delivered 0.9 million square feet of projects in Q1 FY27.
- Included in TIME World's Most Sustainable Companies 2026, the only Indian real estate company on the list.
- Received Golden Peacock National Quality Award 2026.
Financial Overview (Consolidated) Q1 FY27 vs Q1 FY26
- Total Income: ₹1,337 crore (declined 16% from ₹1,593 crore)
- EBITDA: ₹545 crore (declined 40% from ₹915 crore)
- Net Profit: ₹350 crore (declined 42% from ₹600 crore)
- EPS: ₹11.62 (not annualized, compared to ₹19.92)
Management Commentary
Executive Chairperson Pirojsha Godrej stated that the company expects sales momentum to continue for the rest of the year driven by strong end-user demand across key markets. The company remains on track to deliver:
- Bookings of over ₹39,000 crore for FY27
- Collections of ₹24,000 crore for FY27
- Operating cash flow of approximately ₹9,000 crore
The company aims to continue gaining market share through outstanding design, timely delivery, and high-quality developments.
Company Background
Godrej Properties is India's largest residential developer by both value and volume of homes sold, with over 100,000 families having found homes with the company. As of December 2025, the company was ranked number one real estate company worldwide on both the Dow Jones Best-in-Class Sustainability Indices and the Global Real Estate Sustainability Benchmark.