Godrej Properties Posts Record Rs. 600 Cr Profit in Q1 FY26

Godrej Properties, a leading Indian real estate developer, reported its highest-ever quarterly net profit of Rs. 600 crore for Q1 FY26, marking a 15 percent year-on-year (YoY) growth.

EBITDA rose 18 percent YoY to Rs. 915 crore, while total income dipped slightly by 3 percent to Rs. 1,593 crore. Earnings per share (EPS) stood at Rs. 19.92, up from Rs. 18.70 in Q1 FY25. Despite an 18 percent YoY drop in booking value, GPL maintained its momentum with Rs. 7,082 crore in bookings across 4,231 units and 6.17 million sq. ft. of area. This marks the eighth consecutive quarter of over Rs. 5,000 crore in booking value.

Key Highlights

• Net profit rose 15 percent YoY to ₹600 crore—GPL’s highest ever
• Rs. 7,082 crore in bookings; Bengaluru led with over Rs. 3,000 crore
• Achieved 57 percent of FY26 business development target in Q1

Key projects included Godrej MSR City in Bengaluru (Rs. 2,426 crore), Godrej Majesty in Greater Noida (Rs. 925 crore), and Godrej Tiara in Bengaluru (Rs. 470 crore).

Bengaluru led the performance with over  Rs. 3,000 crore in bookings, followed by MMR and NCR, each contributing over Rs. 1,600 crore. Six new launches across four cities offered Rs. 8,500 crore in sales potential. On the development front, GPL added five new projects totaling 9.24 million sq. ft., with a booking value potential of Rs. 11,400 crore—achieving 57 perrcent of its FY26 annual business development target in just one quarter.

“Godrej Properties delivered another solid quarter for bookings, cashflows, and earnings. The residential real estate sector in India has been strong over the past four years and we believe the sector will continue to provide opportunity over the next few years,” states Pirojsha Godrej, Executive Chairperson, Godrej Properties Limited.

“Our business development additions since FY23 with a future booking value of over Rs 90,000 crore, provide us significant opportunity to scale our bookings and in turn our earnings. With a robust launch pipeline, strong balance sheet, and resilient demand, we are on-track to achieve our guidance across all operating parameters.” He added.

Also Read: Godrej Properties Enters Vadodara with 34-Acre Land Deal

Collections surged 22 percent YoY to Rs. 3,670 crore. Additionally, GPL earned validation from the Science Based Targets initiative (SBTi) for its sustainability goals.