Godrej Properties Limited held its Q3FY26 earnings conference call on February 05, 2026, where management discussed the company's exceptional quarterly performance and provided detailed insights into market conditions and future outlook.

Record-Breaking Q3FY26 Performance

The company delivered its highest ever third quarter booking value of ₹8,421 crores, representing 55% year-on-year growth. This achievement marks the fourth consecutive quarter with booking value exceeding ₹7,000 crores, demonstrating consistent market leadership.

Calendar Year 2025 Achievements

Executive Chairperson Pirojsha Godrej highlighted that GPL delivered its best ever calendar year performance in 2025, achieving bookings of ₹34,171 crores with 19% year-on-year growth. The company maintained its position as India's largest residential real estate developer for the second consecutive year.

Strong Business Development Pipeline

Managing Director Gaurav Pandey revealed that the company currently holds inventory worth ₹135,000 crores, with ₹65,000 crores representing fresh acquisitions from recent years. During Q3FY26, GPL added three new projects with estimated saleable area of 7.30 million sq. ft. and expected booking value of ₹8,400 crores.

Market Outlook and Strategy

During the conference call, management addressed market conditions, noting a maturation from earlier speculative activity to more end-user focused demand. Pandey explained that buyers are now more quality and location conscious, representing a healthy market evolution.

Upcoming Launch Pipeline

Management outlined an extensive Q4FY26 launch pipeline including projects in Greater Noida, Panvel commercial development, Kharghar, Bangalore Hoskote, and multiple Pune locations. The company expressed confidence in meeting and potentially exceeding its annual guidance of ₹32,500 crores booking value.

Financial Guidance and Projections

CFO Rajendra Khetawat confirmed the company remains on track to achieve full-year collections guidance of ₹21,000 crores, with significant deliveries planned for Q4. The management indicated healthy growth expectations across key metrics for FY27, supported by the robust project pipeline and strong market positioning.

Godrej Properties Limited's Nomination and Remuneration Committee has approved new stock option grants while simultaneously noting the lapse of previously issued grants under its Employee Stock Grant Scheme. The committee meeting, held on February 05, 2026, addressed both the allocation of fresh options and the formal recording of lapsed grants.

Stock Option Grant Details

The committee approved the grant of 152 stock options to an eligible employee under the GPL Employee Stock Grant Scheme (GPL ESGS). These grants comply with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Each stock option entitles the holder to apply for one equity share of the company with a face value of ₹5. The options will vest over a period of three years and must be exercised within one month from the date of vesting, though the Nomination and Remuneration Committee may determine alternative exercise periods.

Lapsed Stock Grants

The committee formally noted the lapse of 1954 stock grants that were previously issued under the GPL ESGS to eligible employees. The lapse of these grants means the affected employees have forfeited all rights to claim any portion of these stock options.

Committee Meeting Details

The Nomination and Remuneration Committee meeting commenced at 10:00 a.m. and concluded at 10:45 a.m. on February 05, 2026. The decisions were made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The intimation was signed by Ashish Karyekar, Company Secretary, and communicated to both BSE Limited and the National Stock Exchange of India Limited as per regulatory requirements.