Godrej Properties Q2 Results: Management confident of exceeding FY26 booking guidance

Godrej Properties reported a 21% year-on-year rise in net profit to ₹405 crore for the September quarter. The company had posted a profit of ₹335 crore in the base quarter.

Revenue for the quarter, however, fell 32% year-on-year to ₹740 crore from ₹1,093 crore, while the company reported an EBITDA loss of ₹513 crore compared with an EBITDA of ₹32 crore in the year-ago period.

The company's booking value rose 64% year-on-year and 20% sequentially to ₹8,505 crore, achieving 48% of its annual guidance for FY26 in the first half itself. The company said it remains on track to exceed its FY26 booking guidance of ₹32,500 crore.

Collections stood at ₹4,066 crore, up 2% YoY and 11% QoQ, while area sold grew 39% YoY and 16% QoQ to 7.14 million square feet.

"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. The equity capital of Rs 6,000 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," said Pirojsha Godrej, Executive Chairperson at Godrej Properties.

With a robust launch pipeline, strong balance sheet, and resilient demand, we are ontrack to surpass our booking value guidance for FY26 and deliver sustained highquality performance across all key operating metrics, Pirojsha Godrej added.

Shares of Godrej Properties Ltd. are trading 3% lower at rs 2,231.90, following the earnings announcement. The stock is down 20% so far in 2025.