Summary of Key Information:
Reporting Period: Quarter and Half Year Ended September 30, 2026
Nature of Filing / Announcement: Outcome of Board Meeting - Financial Results
Audit Opinion:
Unmodified conclusion (clean opinion) by statutory auditors B S R & Co. LLP
Key Financial Highlights [₹ in Crore]:
Standalone Results:
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹111.83 crore (vs ₹92.26 crore in Q2 FY26, +21.2% YoY)
- Other Income: ₹617.37 crore
- Total Income: ₹729.20 crore (vs ₹660.33 crore in Q2 FY26, +10.4% YoY)
- Profit before Exceptional Items and Tax: ₹68.67 crore (vs ₹25.25 crore in Q2 FY26, +172.0% YoY)
- Profit before Tax: ₹68.67 crore
- Tax Expense: ₹(7.19) crore
- Profit after Tax: ₹80.76 crore (vs ₹13.01 crore in Q2 FY26, +520.8% YoY)
- Total Comprehensive Income: ₹79.80 crore
- Basic EPS: ₹2.68* (not annualized)
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹232.93 crore (vs ₹198.33 crore in H1 FY26, +17.4% YoY)
- Other Income: ₹1,073.88 crore
- Total Income: ₹1,306.81 crore (vs ₹1,237.78 crore in H1 FY26, +5.6% YoY)
- Profit before Exceptional Items and Tax: ₹148.89 crore (vs ₹104.72 crore in H1 FY26, +42.2% YoY)
- Profit before Tax: ₹148.89 crore
- Tax Expense: ₹9.61 crore
- Profit after Tax: ₹136.93 crore (vs ₹69.12 crore in H1 FY26, +98.1% YoY)
- Total Comprehensive Income: ₹135.01 crore
- Basic EPS: ₹4.55* (not annualized)
Standalone Balance Sheet (as of September 30, 2026):
- Total Assets: ₹67,722.93 crore (vs ₹58,361.58 crore as of March 31, 2026)
- Inventories: ₹33,893.71 crore
- Cash and Cash Equivalents: ₹768.29 crore
- Bank Balances Other than Above: ₹3,366.08 crore
- Total Equity: ₹17,548.92 crore (vs ₹17,713.52 crore as of March 31, 2026)
- Borrowings (Current): ₹16,792.07 crore
- Borrowings (Non-current): ₹2,250.00 crore
- Total Debt: ₹19,042.07 crore
Consolidated Results:
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹1,935.17 crore (vs ₹740.38 crore in Q2 FY26, +161.4% YoY)
- Other Income: ₹636.56 crore
- Total Income: ₹2,571.73 crore (vs ₹1,950.05 crore in Q2 FY26, +31.9% YoY)
- Profit before Share of Profit/(Loss) of JVs/Associate, Exceptional Items and Tax: ₹94.99 crore
- Share of Profit/(Loss) of Joint Ventures and Associate: ₹3.39 crore
- Profit before Exceptional Items and Tax: ₹98.38 crore (vs ₹565.93 crore in Q2 FY26, -82.6% YoY)
- Profit before Tax: ₹98.38 crore
- Tax Expense: ₹(47.09) crore
- Profit after Tax: ₹145.47 crore (vs ₹402.99 crore in Q2 FY26, -63.9% YoY)
- Profit attributable to Owners: ₹154.15 crore
- Total Comprehensive Income: ₹144.84 crore
- Basic EPS: ₹5.12* (not annualized)
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹2,441.34 crore (vs ₹1,174.94 crore in H1 FY26, +107.8% YoY)
- Other Income: ₹1,475.43 crore
- Total Income: ₹3,916.77 crore (vs ₹3,570.39 crore in H1 FY26, +9.7% YoY)
- Profit before Share of Profit/(Loss) of JVs/Associate, Exceptional Items and Tax: ₹583.23 crore
- Share of Profit/(Loss) of Joint Ventures and Associate: ₹(5.14) crore
- Profit before Exceptional Items and Tax: ₹578.09 crore (vs ₹1,426.50 crore in H1 FY26, -59.5% YoY)
- Profit before Tax: ₹578.09 crore
- Tax Expense: ₹83.24 crore
- Profit after Tax: ₹494.85 crore (vs ₹1,001.39 crore in H1 FY26, -50.6% YoY)
- Profit attributable to Owners: ₹504.25 crore
- Total Comprehensive Income: ₹493.26 crore
- Basic EPS: ₹16.74* (not annualized)
Consolidated Balance Sheet (as of September 30, 2026):
- Total Assets: ₹93,013.48 crore (vs ₹81,894.43 crore as of March 31, 2026)
- Inventories: ₹64,625.83 crore
- Cash and Cash Equivalents: ₹1,626.65 crore
- Bank Balances Other than Above: ₹4,648.70 crore
- Total Equity: ₹19,552.22 crore (vs ₹19,354.89 crore as of March 31, 2026)
- Borrowings (Current): ₹17,495.56 crore
- Borrowings (Non-current): ₹2,250.00 crore
- Total Debt: ₹19,745.56 crore
Segment-wise Performance:
The company operates in two reportable segments:
Real Estate Segment (Quarter Ended September 30, 2026):
- Segment Revenue: ₹1,905.67 crore
- Segment Results (Profit before tax): ₹92.51 crore
- Segment Assets: ₹92,207.90 crore
- Segment Liabilities: ₹72,692.62 crore
Hospitality Segment (Quarter Ended September 30, 2026):
- Segment Revenue: ₹29.50 crore
- Segment Results (Profit before tax): ₹5.87 crore
- Segment Assets: ₹805.58 crore
- Segment Liabilities: ₹768.64 crore
Key Ratios and Financial Indicators:
Standalone Ratios:
- Debt Equity Ratio (Gross): 1.09 (vs 0.84 as of March 31, 2026)
- Debt Equity Ratio (Net): 0.56 (vs 0.44 as of March 31, 2026)
- Debt Service Coverage Ratio (DSCR): 0.16
- Interest Service Coverage Ratio (ISCR): 0.62
- Current Ratio: 1.28 (vs 1.36 as of March 31, 2026)
- Operating Margin: -359.04%
- Adjusted EBITDA: 29.60%
Consolidated Ratios:
- Debt Equity Ratio (Gross): 1.02 (vs 0.82 as of March 31, 2026)
- Debt Equity Ratio (Net): 0.41 (vs 0.33 as of March 31, 2026)
- Debt Service Coverage Ratio (DSCR): 0.19
- Interest Service Coverage Ratio (ISCR): 0.66
- Current Ratio: 1.23 (vs 1.27 as of March 31, 2026)
- Operating Margin: -19.22%
- Adjusted EBITDA: 10.41%
- Net Profit Margin: 5.65%
Corporate Actions:
Not Specified
Other Significant Information:
- During H1 FY27, the company granted 30,609 new stock grants to employees, 4,403 stock grants lapsed, and 18,756 equity shares were allotted upon exercise of stock grants under the Employee Stock Grant Scheme
- During Q2 FY27, Godrej Skyview LLP ceased to be a subsidiary and was reclassified as a joint venture following stake divestment, resulting in realized gain of ₹16.25 crore
- During Q2 FY27, joint venture partners of two joint venture entities exited, converting these entities into subsidiaries/wholly owned subsidiaries
- The amalgamation with Embellish Houses Private Limited resulted in restatement of comparative figures for previous periods
- The statement includes financial information from branches in Singapore, Qatar, and Dubai