Godrej Properties Q1 result: Net profit surges over 15% YoY to ₹600 crore; EBITDA expands 18%

During the quarter under review, the realty firm's revenue from operations stood at ₹435 crore, marking a 41% YoY decline from ₹739 crore in the first quarter of FY25, it said in a regulatory filing.

The real estate company's other income, however, surged 23.46% YoY to ₹1,185.78 crore in the first quarter of FY26, compared to ₹960.48 crore in Q1FY25.

At an operational level, its EBITDA (earnings before interest, tax, depreciation and amortisation) stood at ₹915 crore in Q1FY26, jumping 18% YoY from ₹774 crore in the year-ago period.

For the eight consecutive quarter, the firm reported a booking value of more than ₹5,000 crore at ₹7,082 crore. While this was a decline of 18% YoY, the book value grew at a 2 year CAGR of 77%, Godrej Properties said in a press release.

"The booking value in Q1FY26 was bolstered by strong demand in several new project launches including Godrej MSR City in Bengaluru, which achieved a booking value of ₹2,426 crore, Godrej Majesty in Greater Noida, which achieved a booking value of ₹925 crore, and Godrej Tiara in Bengaluru, which achieved a booking value of ₹470 crore," the company said.

Bengaluru contributed more than ₹3,000 crore, followed by the Mumbai Metropolitan Region and Delhi NCR, both of which contributed more than ₹1,600 crore.

It started six new projects and phase launches during the quarter across four cities with a total sales potential of ₹8,500 crore.

Commenting on the earnings, Pirojsha Godrej, the Executive Chairperson of Godrej Properties Ltd, said: “Godrej Properties delivered another solid quarter for bookings, cash flows, and earnings. The residential real estate sector in India has been strong over the past four years, and we believe the sector will continue to provide opportunity over the next few years. Our business development additions since FY23 with a future booking value of over Rs 90,000 crore, provide us significant opportunity to scale our bookings and in turn, our earnings. With a robust launch pipeline, strong balance sheet, and resilient demand, we are on track to achieve our guidance across all operating parameters.”

At around 1:47 pm, shares of Godrej Properties were trading 0.49% lower at ₹2,092.5 apiece on the National Stock Exchange (NSE).