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 robust financial results for the second quarter of fiscal year 2026 (Q2FY26), with significant growth in booking value and profitability.

Financial Highlights

Godrej Properties' Q2FY26 performance reflects substantial growth across various metrics:

• Booking value reached INR 8,505.00 crore, marking a 64% year-on-year growth and a 20% quarter-on-quarter increase.
• Net profit grew 21% to INR 405.00 crore in Q2FY26 compared to INR 335.00 crore in Q2FY25.
• Total income increased 39% to INR 1,867.00 crore.
• EBITDA surged 118% to INR 614.00 crore.

Operational Performance

The company's operational performance was equally impressive:

• Sold 4,522 homes across 7.14 million sq.ft. during Q2FY26.
• For H1FY26, booking value reached INR 15,587.00 crore, up 13% year-on-year through the sale of 8,753 homes.
• Added 4 new projects with an estimated saleable area of 5.82 million sq.ft. and expected booking value of INR 4,850.00 crore during the quarter.
• Four markets - Bengaluru, MMR, NCR, and Hyderabad - each contributed over INR 1,500.00 crore to quarterly booking value.
• Delivered 2.2 million sq.ft. across 2 cities.
• Launched 12 new projects across 8 cities with a total sales potential of INR 10,100.00 crore.

Market Position

The substantial increase in booking value and net profit indicates a strong market position for Godrej Properties in the Indian real estate sector. The company's ability to significantly boost its bottom line suggests effective cost management and improved sales performance.

Future Outlook

Godrej Properties has achieved 48% of its annual guidance for booking value and remains on track to meet its FY26 guidance of INR 32,500.00 crore.

Regulatory Compliance

As per the LODR (Listing Obligations and Disclosure Requirements) data, Godrej Properties Limited has submitted its financial results for the quarter and half-year ended September 30 to the stock exchanges.

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.