Godrej Properties Reports Highest First Quarter Bookings at INR 8,651 Crores Amid Profit Dip

Godrej Properties Reports Highest First Quarter Bookings at INR 8,651 Crores Amid Profit Dip​

Godrej Properties Limited (GPL), a prominent national real estate developer, announced its financial results for the first quarter ended June 30, 2026. The company reported a significant increase in bookings and collections, although net profit saw a decline compared to the previous year's corresponding period.

Bookings stood at INR 8,651 crores, marking a 22% year-on-year (YoY) growth and achieving the highest first quarter booking value for Godrej Properties. Collections grew by 18% YoY, reaching INR 4,348 crores. In addition to sales performance, GPL added INR 9,500 crore of future sales potential through portfolio additions during Q1 FY27.

Sales and Operational Highlights​

The robust booking figure was achieved through the sale of 3,738 units spanning a total area of 6.2 million sq. ft. This performance marks the sixth consecutive quarter where GPL's booking value exceeded INR 7,000 crore.

Strong demand drove the Q1 bookings, driven by several new project launches including Godrej Vanantara (INR 3,237 crores) in Bengaluru, Godrej Samaris (INR 1,248 crores) in Gurugram, and Godrej Brooklyn Avenue (INR 317 crores) in Hyderabad. Geographically, the booking contributions were led by Bengaluru (44%), followed by MMR (21%), NCR (18%), Pune (11%), and Hyderabad (5%).

In terms of business development, GPL added three new projects with an estimated saleable area of approximately 8.0 million sq. ft., corresponding to an expected booking value of INR 9,500 crore in Q1 FY27. The company has attained 48% of its annual guidance for business development for FY27 based on this quarter's performance.

Financial Overview (Consolidated)​

While bookings and collections demonstrated growth, the consolidated financial results showed declines in income and profitability when compared to Q1 FY26. Operational Cash Flow (OCF) stood at INR 399 crore. The company also noted that construction and related outflow increased by 54% YoY in Q1 FY27.

The key financial indicators for Q1 FY27, alongside the previous year's figures, are detailed below:

Management Commentary and Recognition​

Pirojsha Godrej, Executive Chairperson of Godrej Properties Limited, commented on the quarter's performance, stating that GPL delivered a solid quarter across bookings, collections, business development, and earnings. He expressed confidence in continued sales momentum led by strong end-user demand across key markets.

The Executive Chairperson affirmed the company's commitment to its annual targets, noting that achieving planned bookings of over INR 39,000 crore and collections of INR 24,000 crores for the year is expected to generate approximately INR 9,000 crores in operating cash flow, supporting sustainable growth investments.

Beyond financial metrics, Godrej Properties was recognized in Q1 FY27 with multiple accolades. The company delivered 0.9 million sq. ft. of projects and was included in TIME World's Most Sustainable Companies 2026, making it the only real estate company in India featured on that list. Additionally, Godrej Properties received the Golden Peacock National Quality Award 2026.

GODREJPROP Stock Price Movement​

As of 12:17 PM, shares of Godrej Properties Limited are slipping by 2.76% in live trading, currently priced at ₹2032 after shedding ₹57.70. The equity traded with a volume of 802,652 shares as the market continues its active session.