Godrej Properties Q2 results: Net profit soars 21% YoY to ₹405 crore, revenue slumps 32%

In the corresponding quarter of FY25, it had clocked a profit of ₹335.21 crore, it said in a regulatory filing.

However, its revenue from operations slipped 32.27% YoY to ₹740.38 crore for the second quarter of FY26, as against ₹1,093.23 crore in the corresponding quarter of FY25.

During the quarter, its booking value stood at ₹8,505 crore, marking a 64% YoY and a 20% quarter-on-quarter (QoQ) increase, bolstered by the sale of 4,522 homes with a total area of 7.14 million sq. ft, according to its investor presentation.

Four of its markets, including Bengaluru, Mumbai Metropolitan Region (MMR), Delhi NCR, and Hyderabad, contributed over ₹1,500 crore to the booking value in the September quarter of the current fiscal year.

At an operational level, its EBITDA (earnings before interest, tax, depreciation and amortisation), also known as operating profit, stood at ₹614 crore for Q2FY26, surging over two-fold YoY from ₹282 crore in the year-ago period.

What the management said

Commenting on the earnings, Pirojsha Godrej, Executive Chairperson, Godrej Properties Limited, said: “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 are 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 ₹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,” he added.

“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,” Godrej stated.

Godrej Properties' share performance

On an intraday basis, the stock of the real estate firm slumped as much as 4.65% to a low of ₹2,186.60 on the National Stock Exchange (NSE) on Thursday, despite reporting its highest second-quarter profit yet.

At around 1:17 pm, the share was trading 2.54% lower at ₹2,235 apiece.

Godrej Properties has a total market capitalisation of ₹67,319.62 crore, as of November 6, 2025, according data on the NSE.