Financial Performance Highlights
Godrej Properties Limited reported exceptional financial results for FY 2025-26, achieving its highest-ever annual booking value of ₹34,171 crore, representing 16% YoY growth. The company maintained its position as India's largest residential developer for the third consecutive year with a 4.8% market share in CY 2025. Revenue stood at ₹8,374 crore (22% YoY growth), EBITDA at ₹2,826 crore (43% growth), and net profit at ₹1,850 crore (32% growth). The Board recommended a dividend of ₹10 per equity share, the first dividend declared since 2015.
Business Development and Operations
The company added 18 new projects with 33.32 million sq. ft. development potential and estimated revenue potential of ₹42,100 crore, representing 59% YoY growth in business development. Geographic distribution showed strong performance across MMR (₹10,312 crore), Bengaluru (₹8,801 crore), NCR (₹7,412 crore), Pune (₹3,659 crore), and Hyderabad (₹2,328 crore). The company delivered 12.1 million sq. ft. area (121% of guidance) and achieved record collections of ₹19,965 crore (17% YoY growth).
Management and Corporate Governance
The 41st AGM approved the reappointment of Gaurav Pandey as Managing Director & CEO for three years effective January 2026. Nadir Godrej will retire in August 2026 after serving as director for over three decades. The company maintained strong corporate governance with 29% women board representation and comprehensive risk management framework. All 13 sexual harassment complaints received during the year were resolved with zero pending cases.
Financial Position and Capital Structure
Standalone financials showed revenue of ₹1,395.16 crore and profit after tax of ₹348.75 crore. Consolidated financial statements reported revenue of ₹5,131.43 crore and profit after tax attributable to owners of ₹1,850.20 crore. The company significantly increased borrowings to ₹14,967.40 crore while maintaining net worth of ₹19,156 crore. Inventory levels increased substantially to ₹26,253.21 crore (standalone) and ₹57,807 crore (consolidated), primarily in construction work-in-progress.
ESG Performance and Sustainability
Godrej Properties achieved top global ESG rankings, including #1 globally among residential developers in GRESB with a perfect score of 100/100. The company received SBTi validation of net-zero targets in January 2026 and CDP 'A' ratings for both Climate Change and Supply Chain sustainability. TÜV SÜD provided limited assurance on the sustainability report, confirming it provides fair representation of material topics with no material misstatements. The company maintained water positivity (33X water recharged vs consumed) and waste positive status (99% waste recycled/reused).
Regulatory Compliance and Subsidiaries
The company filed comprehensive disclosures under SEBI Listing Regulations 30, 34, 36(1)(b), and 53. Multiple joint ventures were converted to subsidiaries during the year, with ₹143.41 crore of partner capital converting to equity investments. The company had 29 unlisted subsidiary companies and incorporated Godrej REDCO Consultancies L.L.C. as a wholly-owned subsidiary in UAE. All audit reports were unqualified without any adverse remarks.
Forward Outlook
The company is targeting ₹39,000 crore residential bookings in FY 2026-27 and aiming for 20% Return on Equity by FY 2027-28. Focus remains on disciplined capital allocation and execution excellence, with no immediate plans for equity raising as internal accruals are sufficient for growth.