Godrej Properties posts record Q3 and nine-month profits; booking value up 55% YoY

Godrej Properties Limited reported a robust operational and financial performance for the third quarter of FY26, recording its highest-ever booking value and profitability for a third quarter and nine-month period.

Booking value for Q3 FY26 rose 55% year-on-year to ₹8,421 crore, while booking value for the nine-month period increased 25% year-on-year to ₹24,008 crore. Collections grew 40% year-on-year to ₹4,282 crore in Q3 FY26 and 19% year-on-year to ₹12,018 crore for the nine months ended December 31, 2025.

The company reported its highest-ever net profit of ₹195 crore for Q3 FY26 and ₹1,200 crore for the nine-month period.

Sales during the quarter were driven by the sale of 3,973 homes with a total area of 6.43 million sq. ft., while 12,726 homes covering 19.74 million sq. ft. were sold during the nine-month period. This represented the highest-ever Q3 and nine-month booking value achieved by the company.

Godrej Properties delivered booking value exceeding ₹7,000 crore for the fourth consecutive quarter and more than ₹5,000 crore for the tenth consecutive quarter. The company has achieved 74% of its annual booking value guidance and remains on track to exceed its FY26 guidance of ₹32,500 crore.

The Mumbai Metropolitan Region accounted for ₹3,239 crore, or 38%, of Q3 FY26 booking value, supported by the successful launch of Godrej Trilogy at Worli, which generated booking value of ₹1,742 crore during the quarter. The company undertook 11 new project and phase launches across nine cities.

Q3 FY26 collections stood at ₹4,282 crore, while nine-month collections were ₹12,018 crore. Operating cash flow increased 73% year-on-year to ₹1,062 crore in Q3 FY26, while nine-month operating cash flow declined 7% to ₹3,199 crore. Direct construction spend rose 66% year-on-year in the nine-month period.

In Q3 FY26, the company added three new projects with an estimated saleable area of 7.30 million sq. ft. and expected booking value of ₹8,400 crore. During the nine-month period, 12 new projects were added with an estimated saleable area of 22.36 million sq. ft. and expected booking value of ₹24,650 crore, achieving 123% of annual guidance within nine months.

Godrej Properties delivered projects aggregating approximately 1.7 million sq. ft. across three cities during the quarter. The company was included in the Leadership Index of CDP with an ‘A’ rating in 2025 and recognised as a supply chain leader in CDP’s Supplier Engagement Assessment, with inclusion in the A-list for the 2024 disclosure cycle. It also received approval and validation from the Science Based Targets initiative on its near-term, long-term and Net Zero goals in December 2025.

The company received 42 awards during the quarter. Promoters increased their stake in the company by 0.5% in FY26 year-to-date through open market purchases aggregating ₹300 crore.

Commenting on the performance of Q3 FY2026, Mr. Pirojsha Godrej, Executive Chairperson, Godrej Properties Limited, said:
“Godrej Properties delivered another solid quarter for bookings and earnings. The company has achieved a remarkable increase in scale in the past four years. We are pleased that this sales growth is spread across the markets we are operating in and was on the back of strong volumes and pricing growth. The equity capital of INR 6,000 crore we raised through a QIP last financial year combined with the operating cash flow we are generating will enable us to continue to invest for growth. With a robust launch pipeline, strong balance sheet, and resilient demand, we are confident of ending FY26 as our best ever year across all key operating metrics and of delivering sustained high-quality performance in the years ahead.”

Financially, Q3 FY26 total income declined 17% year-on-year to ₹1,020 crore, while EBITDA increased 21% to ₹338 crore. Net profit grew 20% to ₹195 crore and earnings per share stood at ₹6.48.

For the nine-month period, total income rose 7% to ₹4,480 crore, EBITDA increased 40% to ₹1,867 crore, and net profit grew 18% to ₹1,200 crore. Earnings per share stood at ₹39.85.