Godrej Properties (GODREJPROP) Q1 25/26 earnings summary

Executive summary

• Achieved highest ever quarterly consolidated net profit of INR 600 crore in Q1 FY26, up 15% year-on-year, with strong momentum in bookings, cash flows, and earnings.

• Booking value reached INR 7,082 crore from 4,231 homes sold, down 18% year-on-year but with a 77% two-year CAGR; eighth consecutive quarter above INR 5,000 crore in bookings.

• Six new project launches across four cities with total sales potential of INR 8,500 crore; Bengaluru, Mumbai, and NCR were key contributors.

• Added 5 new projects with 9.24 million sq. ft. saleable area and INR 11,400 crore expected booking value.

• Recognized for ESG leadership, receiving multiple awards and high global sustainability rankings.

Financial highlights

• Net profit grew 50% year-on-year to INR 600 crore; EBITDA increased 18% to INR 915 crore; adjusted EBITDA margin improved to 57.5%.

• Total income for Q1 FY26 was INR 1,593 crore, down 3% year-on-year and 40% sequentially.

• Collections rose 22% to INR 3,670 crore; operating cash flow declined 4% to INR 947 crore.

• Net debt rose to INR 4,637 crore from INR 3,269 crore in March 2025; net debt/equity at 0.26.

• Consolidated profit after tax for Q1 FY26 was ₹598.40 crore, up from ₹381.99 crore in the previous quarter and ₹520.05 crore in Q1 FY25.

Outlook and guidance

• On track to achieve FY26 bookings target of INR 32,500 crore and guidance across all operating parameters.

• Achieved 67% of annual business development guidance in Q1; robust launch pipeline expected to drive growth.

• Achieved 22% of FY26 booking value and 17% of collection guidance in Q1.

• Confident in maintaining strong collections and deliveries, with adequate buffers for regulatory or approval delays.

• Not on track for deliveries but on track to meet or exceed business development guidance.