Godrej Properties (GODREJPROP) Q4 25/26 earnings summary

Executive summary

• Achieved record performance in FY 2026 with all-time highs in bookings, collections, operating cash flow, and earnings, maintaining leadership as India's largest residential developer by bookings for the third consecutive year.

• Surpassed or met guidance across launches, bookings, deliveries, and business development, with strong geographic diversification and robust project pipeline.

• Audited standalone and consolidated financial results for FY26 were approved by the Board with an unmodified audit opinion, including results from domestic and international branches and subsidiaries.

• Continued global recognition for sustainability, ranking #1 in GRESB and S&P Dow Jones REM indices, and received 122 awards in FY26.

Financial highlights

• FY26 booking value grew 16% YoY to INR 34,171 crore, with 27 million sq. ft. sold; collections rose 17% YoY to INR 19,965 crore.

• Q4 FY26 saw highest ever quarterly bookings (INR 10,163 crore) and collections (INR 7,947 crore), with OCF of INR 4,631 crore.

• FY26 operating cash flow was INR 7,830 crore, up 5% YoY; profit after tax reached INR 1,850 crore, up 32% YoY.

• FY26 total income up 22% to INR 8,374 crore; EBITDA up 43% to INR 2,826 crore; net profit up 32% to INR 1,850 crore.

• Standalone total income for FY26 was ₹5,896.48 crore; consolidated total income was ₹8,410.88 crore; consolidated profit after tax was ₹1,840.66 crore.

Outlook and guidance

• FY27 guidance: launch value INR 48,000 crore, booking value INR 39,000 crore, collections INR 24,000 crore, and deliveries of 13.5 million sq. ft.

• Focused on achieving 20% ROE by FY28, with a significant P&L revenue bump expected in FY28.

• The company continues to monitor regulatory changes, especially regarding new Labour Codes, and will adjust accounting as needed.