Godrej Properties' Q3 net profit surges 20% to ₹195 crore, revenue falls 49%; shares decline

During the quarter under review, the realtor posted a 19.99% year-on-year (YoY) decline in its consolidated net profit to ₹195.16 crore, compared to ₹162.64 crore in the December quarter of the 2024-25 fiscal year (Q3FY25).

However, its revenue from operations declined 48.56% YoY to ₹498.36 crore in the third quarter of FY26, as against ₹968.88 crore in the same period of the previous year.

At an operational level, its EBITDA (earnings before interest, tax, depreciation and amortisation), also known as operating profit, stood at ₹338 crore for the reporting quarter, marking a 21% YoY jump from ₹280 crore in Q3FY25.

Key highlights

• It achieved the highest ever Q3 booking value at ₹8,421 crore, up 55% YoY, driven by the sale of 3,973 homes with a total area of 6.43 million sq. ft.
• The firm achieved 74% of its annual guidance for booking value and “remains on track to beat its guidance of ₹32,500 crores for FY26.”
• Its collections grew 40% YoY to ₹4,282 in the third quarter of the current fiscal year.
• The Mumbai Metropolitan Region (MMR) contributed ₹3,239 crore (38%) to the booking value in Q3FY26, led by the successful launch of Godrej Trilogy at Worli, which achieved ₹1,742 crores of booking value in the quarter, it said.
• In Q3FY26, it added three new projects with an estimated saleable area of 7.30 million sq. ft. and expected booking value of ₹8,400 crore.
• During the quarter, it launched 11 new projects and phase launches across nine cities.
• It delivered projects aggregating approximately 1.7 million sq. ft. across three cities in the December FY26 quarter.

What the management said

Commenting on the earnings, Pirojsha Godrej, Executive Chairperson, Godrej Properties, said: “Godrej Properties delivered another solid quarter for bookings and earnings. The company has achieved a remarkable increase in scale in the past four years. 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 growth.”

“The equity capital of ₹6,000 crore we raised through a QIP last financial 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 confident of ending FY26 as our best ever year across all key operating metrics and of delivering sustained high-quality performance in the years ahead,” he added.

Godrej Properties stock performance

Shares of Godrej Properities declined as much as 3.63% to an intraday low of ₹1,649.60 per unit on the National Stock Exchange (NSE) on Thursday.

At around 1:48 PM, the stock was trading 1.68% lower at ₹1,683 per equity share.

Godrej Properties has a total market capitalisation of ₹50,753.27 crore, as of February 5, 2026, according to data on the NSE.