Godrej Properties Limited conducted a Q1 FY 2027 Earnings Conference Call on Tuesday, August 04, 2026, following the declaration of Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026.

The conference call featured participation from key management personnel:

  • Mr. Pirojsha Godrej – Executive Chairperson
  • Mr. Gaurav Pandey – Managing Director and Chief Executive Officer
  • Mr. Rajendra Khetawat – Chief Financial Officer
  • Mr. Kshitij Jain – Investor Relations

The management discussed Q1 FY27 performance highlights including booking value of INR8,651 crores (22% YoY growth) from sale of 3,738 homes totaling 6.2 million square feet. This represents the sixth consecutive quarter exceeding INR7,000 crores booking value.

Key project performances included:

  • Godrej Vanantara: INR3,237 crores sales
  • Godrej Samaris (Gurugram): INR1,248 crores sales
  • Godrej Brooklyn Avenue (Hyderabad): INR300+ crores in June with similar amount since

Regional contributions: Bengaluru (44%), MMR (21%), NCR (18%), Pune (11%), Hyderabad (5%)

Financial metrics discussed:

  • Collections: INR4,348 crores (18% YoY growth)
  • Operating cash flow: INR399 crores (58% decline)
  • Direct construction spend: 41% YoY increase
  • Total income: INR1,337 crores (16% decline)
  • EBITDA: INR545 crores (40% decline)
  • Net profit: INR350 crores (42% decline)

The company maintained its FY27 guidance of INR39,000 crores booking value and INR24,000 crores collections, and reiterated its target of achieving 20% ROE in FY28. Management emphasized their robust launch pipeline and strong balance sheet position.

Market outlook discussion covered strong demand across key markets (Bangalore, Hyderabad, Noida, Mumbai), with absorption increases of 10-25% across many markets. Cost inflation trends were discussed, noting steel costs reduced by ~12% from February levels while aluminum costs increased.

The company provided detailed guidance on free cash flow generation targets for FY28 and discussed their business development strategy, emphasizing a balanced approach between growth investments and debt management with a INR10,000 crores net debt cap.

Additional Notes Section

The document represents the transcript of the conference call with investors/analysts filed pursuant to Regulation 30 read with Schedule III Part A, Para A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company included forward-looking statement disclaimers noting that outcomes may differ materially from expectations due to various risks. No unpublished price sensitive information was disclosed during the call.