Godrej Properties reported its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, approved by the Board of Directors at its meeting held on May 04, 2026. On a consolidated basis, revenue from operations for Q4 FY26 surged to ₹3,458.13 crore from ₹2,121.73 crore in the corresponding quarter of the prior year, while full-year consolidated revenue from operations grew to ₹5,131.43 crore from ₹4,922.84 crore in FY25. Consolidated profit after tax for Q4 FY26 stood at ₹645.44 crore versus ₹378.44 crore in Q4 FY25, and full-year consolidated PAT rose to ₹1,840.66 crore from ₹1,389.23 crore in FY25. The Board has recommended a dividend of ₹10 per equity share (200%) of face value ₹5 each for FY26, subject to shareholder approval at the 41st Annual General Meeting scheduled for August 04, 2026. The record date for determining shareholders eligible to receive the dividend is July 28, 2026, and the dividend, if declared, will be paid to eligible shareholders before September 03, 2026. In compliance with Regulation 30 read with Schedule III Part A, Para A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has uploaded the audio recording of the earnings conference call with investors and analysts held on May 04, 2026, on its website at www.godrejproperties.com/investors/financials . Further, pursuant to Regulation 47, Regulation 52, and Regulation 30 of the SEBI (LODR) Regulations, 2015, the company published the audited financial results (standalone and consolidated) in Financial Express and Loksatta on May 05, 2026, with a QR code linking to the complete financial results available on the company's website and stock exchange portals.

Consolidated Financial Highlights

The following table presents key consolidated financial metrics for the quarter and full year on a year-on-year basis:

*Not annualised

Standalone Financial Performance

On a standalone basis, Godrej Properties reported revenue from operations of ₹928.35 crore for Q4 FY26, compared to ₹911.69 crore in Q4 FY25, while full-year standalone revenue from operations declined to ₹1,395.16 crore from ₹1,949.62 crore in FY25. Standalone profit after tax for Q4 FY26 stood at ₹219.20 crore versus ₹278.54 crore in Q4 FY25, and full-year standalone PAT came in at ₹348.75 crore compared to ₹1,011.01 crore in FY25. The standalone net worth as at March 31, 2026 stood at ₹17,793.13 crore against ₹17,444.14 crore as at March 31, 2025.

*Not annualised

Segment Performance

The company operates across two reportable segments — Real Estate and Hospitality. The Real Estate segment remained the dominant contributor to consolidated revenues and profitability. The following tables summarise segment-wise revenue and profit before tax performance:

Key Ratios and Balance Sheet Position

On a consolidated basis, the gross debt-equity ratio stood at 0.82 as at March 31, 2026, compared to 0.73 as at March 31, 2025, while the net debt-equity ratio was 0.33 versus 0.19 in the prior year. The current ratio stood at 1.27 compared to 1.51 in the previous year. Consolidated total assets expanded significantly to ₹81,894.43 crore from ₹55,465.52 crore, driven by a sharp increase in inventories to ₹57,806.91 crore from ₹32,927.66 crore. Cash and cash equivalents on a consolidated basis stood at ₹1,860.74 crore as at March 31, 2026, versus ₹1,502.05 crore as at March 31, 2025. The adjusted EBITDA margin (consolidated) for FY26 was 35.31% compared to 31.60% in FY25, and the net profit margin stood at 21.98% versus 20.29% in FY25.

Board Decisions and Corporate Developments

At the same Board meeting, Godrej Properties also received an enabling approval for raising funds through the issuance of Non-Convertible Debentures, Bonds, and/or other Debt Securities on a private placement basis, in one or more tranches, for an amount not exceeding ₹3,000 crore. A Committee of Directors has been authorised to decide on all matters relating to such issuances, including quantum, timing, and terms and conditions. Separately, the Board took note of the retirement of Mr. Nadir Godrej (DIN: 00066195) as Non-Executive Non-Independent Director, effective from the conclusion of the 41st Annual General Meeting scheduled for August 04, 2026. Mr. Nadir Godrej, who will attain the age of 75 years in August 2026, stated in his retirement letter that he does not seek re-appointment under Section 152 of the Companies Act, 2013. The Board placed on record its highest appreciation for the guidance, growth, support, and strategic direction provided by Mr. Nadir Godrej during his tenure.

Exceptional Items and Other Disclosures

During FY26, the Government of India implemented four new Labour Codes, including the Code on Wages, 2019, effective November 21, 2025. The Group recognised an incremental employee benefit liability of INR 39.18 crore and employee benefit expense of INR 23.11 crore (net of capitalisation) for FY26, classified as exceptional items given the non-recurring, regulatory-driven nature of the charge. On a standalone basis, the corresponding incremental employee benefit liability was INR 31.84 crore and employee benefit expense was INR 18.10 crore (net of capitalisation). Additionally, managerial remuneration paid by the company in relation to its Executive Chairperson exceeded the limits under Section 197 of the Companies Act, 2013 by INR 21.57 crore, and commission payable to non-executive directors amounted to INR 2.00 crore; both are subject to shareholder approval at the forthcoming Annual General Meeting. The statutory auditors, M/s. B S R & Co. LLP, have issued an unmodified opinion on both the standalone and consolidated financial results for FY26.

Godrej Properties has reported a strong FY26 business development performance, achieving ₹42,100 Cr against an initial target of ₹20,000 Cr, reflecting a 211% growth over the set target. FY26 residential bookings reached ₹34,171 Cr, equivalent to 105% of guidance, while customer collections of ₹19,965 Cr fell short of the ₹21,000 Cr target by 5%. Alongside these results, the company has announced its FY27 guidance targets and outlined its FY28 financial objectives.

FY26 Business Development & Operational Performance

Godrej Properties significantly outperformed its FY26 business development target, more than doubling the original benchmark. A 59% growth in business development during FY26 has enabled a better launch schedule and made 35% more inventory available for sale going into FY27. The following table captures the key FY26 performance metrics:

FY27 Guidance Overview

Building on its FY26 business development momentum, Godrej Properties has set its guidance targets for FY27 across key operational metrics. The company expects residential bookings to reach over ₹39,000 Cr in FY27, representing a 20% rise from FY26. Customer collections are also projected to increase by 20% to over ₹24,000 Cr. The FY27 collections target has been set with a buffer for changes, and the company is aiming to surpass it. The following table summarises the announced FY27 figures:

FY28 Targets and Free Cash Flow Outlook

Looking further ahead, Godrej Properties has outlined its FY28 financial objectives. The company has set a 20% Return on Equity (ROE) target by FY28, to be achieved through faster project deliveries. FY28 is expected to generate strong positive free cash flow, driven by new projects boosting both collections and earnings.

Key Highlights

• FY26 Business Development: Achieved ₹42,100 Cr against a ₹20,000 Cr target, a 211% outperformance, with 59% YoY growth enabling 35% more inventory for sale
• FY26 Bookings: ₹34,171 Cr, at 105% of guidance; collections of ₹19,965 Cr fell 5% short of the ₹21,000 Cr target
• FY27 Collections Target: Set at over ₹24,000 Cr with a buffer for changes, with the company aiming to surpass it
• FY27 Booking Value: Expected to exceed ₹39,000 Cr, a 20% increase from FY26
• FY28 ROE Target: 20%, supported by faster project deliveries and strong positive free cash flow