Godrej Properties Delivers Robust Q2 FY2026 Results with 64% Booking Value Growth
Godrej Properties achieved its highest-ever Q2 and H1 net profit, with Q2 net profit at INR 405.00 crores (21% YoY growth) and H1 net profit at INR 1,005.00 crores (18% YoY growth). Q2 booking value increased by 64% YoY to INR 8,505.00 crores. H1 FY2026 booking value reached INR 15,587.00 crores, up 13% YoY. The company added four new projects in Q2 with an estimated booking value of nearly INR 5,000.00 crores. Collections grew by 2% YoY to INR 4,066.00 crores in Q2. Godrej Properties has set a 20% ROE target for FY2028 and maintains its full-year guidance of INR 21,000.00 crores in collections.
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Godrej Properties , one of India's leading real estate developers, has reported strong financial results for the second quarter of fiscal year 2026, demonstrating significant growth across key metrics.
Financial Highlights
Godrej Properties achieved its highest-ever second quarter and half-year net profit, recording INR 405.00 crores for Q2 and INR 1,005.00 crores for H1 FY2026, marking year-on-year growth of 21% and 18% respectively. The company's booking value for Q2 surged by 64% year-on-year to INR 8,505.00 crores, representing the ninth consecutive quarter of sales exceeding INR 5,000.00 crores.
Key Performance Indicators
| Metric | Q2 FY2026 | YoY Growth |
|---|---|---|
| Net Profit | 405.00 | 21% |
| Booking Value | 8,505.00 | 64% |
| Area Sold | 7.00 | - |
| Homes Sold | ~4,500 | - |
For the first half of FY2026, Godrej Properties reported a booking value of INR 15,587.00 crores, marking a 13% year-on-year increase and achieving 48% of its annual guidance of INR 32,500.00 crores.
Market Performance
The company demonstrated strong performance across multiple markets:
- Four key markets - Bangalore, Mumbai, NCR, and Hyderabad - each contributed over INR 1,500.00 crores to quarterly bookings.
- Notable project launches included Godrej Regal Pavilion in Hyderabad (INR 1,527.00 crores) and Godrej MSR City in Bangalore (INR 1,032.00 crores).
- The company's entry into Hyderabad has been particularly successful, with total sales of about INR 2,600.00 crores in the current calendar year.
Business Development and Future Outlook
Godrej Properties added four new projects in Q2 with an estimated booking value of nearly INR 5,000.00 crores. For the first half of FY2026, the company has added nine projects with a total estimated saleable area of 15 million square feet and an expected booking value of INR 16,250.00 crores.
The management has announced a 20% Return on Equity (ROE) target for FY2028, expecting significant profit growth driven by project completions.
Collections and Cash Flow
Collections grew by 2% year-on-year to INR 4,066.00 crores in Q2. For H1 FY2026, collections increased by 10% to INR 7,736.00 crores. The management remains confident of achieving the full-year guidance of INR 21,000.00 crores in collections, despite a skew towards the fourth quarter due to delivery schedules.
Sustainability Recognition
Godrej Properties has been recognized as a global sector leader in real estate sustainability, ranking number one globally with a perfect score of 100 on the Global Real Estate Sustainability Benchmark in 2025.
As Godrej Properties continues to demonstrate strong growth and market leadership, investors and industry observers will be keenly watching the company's performance in the coming quarters, particularly its ability to meet its ambitious targets for bookings, collections, and profitability.
Historical Stock Returns for Godrej Properties
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.09% | -3.52% | -7.13% | -1.87% | -21.31% | +100.35% |
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