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.

Godrej Properties Limited (GPL), a leading national real estate developer, has announced robust financial results for the second quarter of fiscal year 2026, ending September 30, 2025. The company reported significant growth in booking value and net profit, along with strategic business developments and a clean report on its Qualified Institutional Placement (QIP) fund utilization.

Financial Highlights

• Q2 FY26 booking value grew 64% year-over-year (YoY) and 20% quarter-over-quarter (QoQ) to INR 8,505.00 crore.
• Total income increased by 39% YoY to INR 1,867.00 crore.
• Net profit rose by 21% YoY to INR 405.00 crore.
• EBITDA surged by 118% YoY to INR 614.00 crore.

Operational Performance

Godrej Properties achieved its highest ever Q2 and H1 booking value, selling 4,522 homes with a total area of 7.14 million sq. ft. in Q2 FY26. The company has now delivered more than INR 7,000.00 crore of booking value for three consecutive quarters and more than INR 5,000.00 crore for nine consecutive quarters.

Geographic Distribution

Four key markets contributed significantly to the Q2 FY26 booking value:

Project Launches and Sales

The company launched 12 new projects and phases across 8 cities during the quarter, with a total sales potential of INR 10,100.00 crores. Notable launches included:

• Godrej Regal Pavilion, Hyderabad: Achieved a booking value of INR 1,527.00 crore
• Godrej MSR City, Bengaluru: Reached a booking value of INR 1,032.00 crore
• Godrej Sora, Gurugram: Attained a booking value of INR 633.00 crore

Business Development

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, achieving 81% of its annual guidance.

QIP Fund Utilization

Godrej Properties submitted a monitoring agency report from ICRA Limited regarding the utilization of proceeds from its Qualified Institutional Placement for the quarter ended September 30, 2025. The report confirms no deviation from the stated objectives of the issue, with funds being utilized in line with the original purpose. Key points include:

• The QIP raised Rs 6,000 crore with actual net proceeds of Rs 5,921 crore.
• Funds are allocated for acquisition of land and/or land development rights (Rs 5,300 crore) and general corporate purposes (Rs 621 crore).
• As of the quarter end, Rs 4,224.84 crore has been utilized, leaving Rs 1,696.16 crore unutilized.
• Both objectives remain on schedule with completion targeted for March 31, 2028.

Corporate Actions

The Board of Directors approved a scheme of amalgamation with its wholly-owned subsidiary, Embellish Houses Private Limited. This merger aims to consolidate real estate business operations, streamline group structure, and enhance operational efficiency.

Sustainability Recognition

Godrej Properties was ranked #1 globally in the Real Estate and Management sector on the S&P Global's Dow Jones Best in class indices for 2025, with a score of 89/100. The company was also recognized as a Global Sector Leader by the Global Real Estate Sustainability benchmark (GRESB) in 2025, achieving a perfect score of 100/100.

Outlook

With a robust launch pipeline, strong balance sheet, and resilient demand, Godrej Properties is on track to surpass its booking value guidance of INR 32,500.00 crores for FY26. The company has already achieved 48% of this target in H1 FY26.

Pirojsha Godrej, Executive Chairperson of Godrej Properties Limited, commented on the results: "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."

As Godrej Properties continues to expand its presence in key markets and maintain its focus on sustainable development, the company appears well-positioned for continued growth in the Indian real estate sector.