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.

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.