Godrej Properties Limited (GPL), a leading national real estate developer, has reported strong performance for the second quarter of fiscal year 2026, with booking value growing 64% year-on-year to INR 8,505.00 crore. The company also expressed confidence in surpassing its booking value targets for FY26, citing robust demand, healthy financials, and a strong project pipeline.

Record-Breaking Performance

GPL achieved its highest ever Q2 and H1 booking value in the company's history. The Q2 FY26 booking value of INR 8,505.00 crore represents a 20% increase quarter-on-quarter and was achieved through the sale of 4,522 homes with a total area of 7.14 million sq. ft. For the first half of FY26, the booking value grew 13% year-on-year to INR 15,587.00 crore, with 8,753 homes sold covering an area of 13.31 million sq. ft.

Consistent Growth Trajectory

This marks the third consecutive quarter in which GPL has delivered more than INR 7,000.00 crore of booking value and the ninth consecutive quarter exceeding INR 5,000.00 crore, both firsts in the Indian real estate sector. The company has already achieved 48% of its annual guidance for booking value in H1 FY26 and remains on track to surpass its guidance of INR 32,500.00 crores for FY26.

Geographic Diversification

In a notable achievement, four markets - Bengaluru, Mumbai Metropolitan Region (MMR), National Capital Region (NCR), and Hyderabad - each contributed more than INR 1,500.00 crores to the booking value in Q2 FY26, a first for the Indian real estate industry. This demonstrates GPL's strong presence and performance across key markets.

Strong Project Launches

The company's performance was driven by strong demand across several key new project launches:

Business Development and Expansion

GPL added 4 new projects in Q2 FY26 with an estimated saleable area of 5.82 million sq. ft. and expected booking value of INR 4,850.00 crore. For H1 FY26, the company has added 9 new projects with an estimated saleable area of 15.06 million sq. ft. and expected booking value of INR 16,250.00 crores, achieving 81% of its annual guidance.

Financial Highlights

• Total Income grew by 39% to INR 1,867.00 crore compared to INR 1,343.00 crore in Q2 FY25
• EBITDA increased by 118% to INR 614.00 crore from INR 282.00 crore in Q2 FY25
• Net Profit rose by 21% to INR 405.00 crore compared to INR 335.00 crore in Q2 FY25

Sustainability Recognition

GPL continues to be recognized for its sustainability efforts:

• Ranked #1 globally in Real Estate and Management (REM) sector on the S&P Global's Dow Jones Best in class indices for 2025 with a score of 89/100
• Recognized as a Global Sector Leader and Ranked #1 globally with a score of 100/100 by the Global Real Estate Sustainability benchmark (GRESB) in 2025

Management Commentary

Pirojsha Godrej, Executive Chairperson of Godrej Properties Limited, commented on the Q2 FY2026 performance: "Godrej Properties delivered another solid quarter for bookings and earnings. We have achieved a remarkable increase in scale in the past three and a half years. Our quarterly bookings in Q2 is higher than our annual bookings of FY22. 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. The equity capital of INR 6,000.00 crore we raised through a QIP last 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 on-track to surpass our booking value guidance for FY26 and deliver sustained high-quality performance across all key operating metrics."

As Godrej Properties continues to demonstrate strong growth and market leadership, the company remains well-positioned to capitalize on the ongoing demand in India's real estate sector and deliver value to its stakeholders.

Godrej Properties Limited, a leading real estate developer in India, has announced mixed financial results for the second quarter. The company reported a consolidated net profit of ₹4.00 billion, marking a year-over-year growth of approximately 19% from ₹3.35 billion in the same period last year. However, it also recorded an EBITDA loss of ₹5.3 billion.

Financial Highlights

The company's Q2 performance reflects both strengths and challenges in the real estate sector. Here's a breakdown of the key financial metrics:

Operational Performance

Despite the increase in net profit, the significant EBITDA loss of ₹5.3 billion, compared to a gain of ₹320 million in the previous comparable period, indicates substantial operational challenges. This represents a significant deterioration in the company's earnings performance at the operational level.

Market Position

The contrasting results of increased net profit alongside an EBITDA loss present a complex picture of Godrej Properties' position in the Indian real estate market. While the company has managed to improve its bottom line, the operational loss suggests potential headwinds in its core business activities.

Regulatory Compliance

As per the LODR (Listing Obligations and Disclosure Requirements) data, Godrej Properties Limited has submitted its unaudited financial results for the quarter and half-year ended September 30, 2025, to the stock exchanges. The results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on November 06, 2025.

The company continues to maintain transparency in its financial reporting, adhering to the regulatory requirements set by the Securities and Exchange Board of India (SEBI).

Investors and stakeholders are advised to refer to the detailed financial statements and notes for a comprehensive understanding of the company's performance and financial position, particularly in light of the divergent profit and EBITDA figures.