Date: October 23, 2026
Operational Performance Highlights
Sales Performance
- Achieved booking value of ₹8,008 crores in Q2 FY27 through sale of 3,658 units with total area of 6.2 million sq. ft.
- H1 FY27 booking value grew 7% YoY to ₹16,659 crore through sale of 7,396 units with total area of 12.3 million sq. ft.
- Recorded best-ever quarter for sustenance sales growing 83% YoY and 43% QoQ in Q2 FY27
- Sustenance sales grew 55% in H1 FY27
- 3 projects contributed more than ₹500 crores to sustenance sales: Godrej Trilogy (MMR), Godrej Vanantara (Bengaluru), Godrej Samaris (Gurugram)
Key Project Contributions
- Godrej Crown Residences, Noida: ₹1,036 crores
- Godrej Regent Park: ₹463 crores
- Godrej Florenne: ₹142 crores
- Rivershore Estate, Nagpur: ₹310 crores
- Greenvale Estate, Raipur: ₹276 crores
- Godrej Brooklyn Avenue, Hyderabad: ₹727 crores (launched in Q1)
Geographic Distribution
- NCR: ₹1,926 crore
- MMR: ₹1,899 crore
- Bengaluru: ₹1,564 crore
- Pune: ₹976 crore
- Hyderabad: ₹782 crore
- Others: ₹861 crore
Collections and Cash Flow
- Collections grew 31% YoY to ₹5,318 crores in Q2 FY27
- Collections grew 25% YoY to ₹9,666 crores in H1 FY27
- Operating cash flow grew 297% QoQ and 33% YoY to ₹1,584 crore in Q2 FY27
- Operating cash flow in H1 FY27 was ₹1,983 crores
- Construction and related outflow increased by 31% YoY in Q2 FY27
- Construction and related outflow increased by 42% YoY in H1 FY27
Business Development
- Added 1 new project in Q2 FY27 with estimated saleable area of 1.1 million sq. ft. and expected booking value of ₹6,000 crore
- Added 4 new projects in H1 FY27 with estimated saleable area of ~9.1 million sq. ft. and expected booking value of ₹15,500 crore
- Achieved 78% of full year business development guidance
Other Operational Metrics
- Delivered 2.5 million sq. ft. of projects in Q2 FY27
- Ranked #1 globally with score of 100/100 by Global Real Estate Sustainability Benchmark (GRESB) for second consecutive year
- Received Green Champion of the year Award by NDTV
- Received 59 awards in Q2 FY27
Financial Performance
Q2 FY27 vs Q2 FY26
- Total Income: ₹2,575 crore (38% growth from ₹1,867 crore)
- EBITDA: ₹171 crore (72% decline from ₹614 crore)
- Net Profit: ₹154 crore (62% decline from ₹405 crore)
- EPS: ₹5.12 (compared to ₹13.46, not annualized)
H1 FY27 vs H1 FY26
- Total Income: ₹3,912 crore (13% growth from ₹3,460 crore)
- EBITDA: ₹717 crore (53% decline from ₹1,529 crore)
- Net Profit: ₹504 crore (50% decline from ₹1,005 crore)
- EPS: ₹16.74 (compared to ₹33.37, not annualized)
Management Commentary
Mr. Pirojsha Godrej, Chairperson, highlighted:
- Sustenance sales growth of 83% YoY to ₹5,054 crore in Q2 FY27
- Cash collections growth of 31% YoY to ₹5,318 crore
- Only launched one third of expected annual launch pipeline in first half
- Delivered 43% of annual bookings guidance in first half
- Expects ₹15,000 crore of collections and ₹7,000 crore of operating cash flow in H2 FY27
- Expects to be free cash flow positive in H2 FY27
- Projects positive free cash flow and 20% reported ROE in FY28
- Launch pipeline described as strongest ever with substantial launches beginning from October 2026
- Focus on gaining market share through design, timely delivery, and high quality developments