New Delhi: Pan-India Real estate major Godrej Properties Limited has seen its net profit fall 42% year on year to ₹349.38 crore as the company struggles with lower revenue recognition. Despite that, the company has witnessed strong sales bookings, which have grown 22% YoY to ₹8,651 crore on consistent housing demand. In total, the company sold 6.2 million sq ft across 3,738 residential units. For the year, the company is now looking to achieve sales bookings of ₹39,000 crore, as it aims to become one of the leading real estate developers in the country.
For the quarter, the company has seen its booking momentum led by the company’s projects in Bengaluru, Gurugram and Pune, with Godrej Vanatara (Bengaluru) and Godrej Samaris (Gurugram) leading the pack. The company is expected to deliver about 0.9 million sq ft of real estate during the current quarter, with Godrej Reserve (Mumbai Metropolitan Region), Godrej MSR City (Bengaluru) and Godrej Woodscapes (Bengaluru) approaching completion.
Q1 FY27 Financial Metrics
| Metric | Q1 FY27 (June 2026) | Q1 FY26 (June 2025) | YoY Growth (%) |
| Sales Booking Value | ₹8,651 crore | ₹7,082 crore | +22.2% |
| Customer Collections | ₹4,348 crore | ₹3,670 crore | +18.5% |
| Total Revenue / Income | ₹1,345 crore | ₹1,620 crore | -17.0% |
| Consolidated Net Profit | ₹349.38 crore | ₹598.40 crore | -41.6% |
| Saleable Area Sold | 6.20 million sq. ft. | 8.99 million sq. ft. | -31.0% |
Future Outlook
Godrej Properties has achieved nearly half of its annual business development guidance within the first three months of FY27. The company has added three new land parcels in the quarter, including a 47-acre land parcel in Chennai and another 23 acres in Greater Noida.
The management is now aiming to accelerate its project deliveries to reach 13.5 million sq ft by the end of the year, with an operating cash flow of about ₹9,000 crore. With this, the company is aiming to focus on settling its debt as it looks to achieve cash flow breakeven.
Following the management guidance, Godrej Properties’ shares have risen more than 4.5% to ₹2,128 per share, with the shares rising more than 25% in the last 6 months.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Readers should conduct their own research or consult with a qualified financial advisor before making any investment decisions.
