Godrej Properties Q4 results: Net profit grows 73%, board recommends final dividend for FY26

Godrej Properties reported a 73% jump in its consolidated profit at ₹650 crore for the quarter ended March of 2025-26 on Monday, May 4. In the corresponding period of the previous fiscal year, its profit was ₹376 crore.

The Mumbai-based company's revenue from operations rose 63% in the January-March period to ₹3,458 crore from ₹2,122 crore in the year-ago period.

The firm reported stable operational performance in Q4 FY26 as its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation), also known as operating profit, surged to ₹523 crore as against ₹110 crore a year earlier.

The company's EBITDA margin improved to 15.12% on a year-on-year (YoY) basis in contrast to 5.18% reported in the same quarter of the previous fiscal year.

The board of directors has recommended a dividend of ₹10 per share (200%) for FY26. "The Board of Directors recommended dividend of ₹10 per equity share (200%) of the face value of ₹5 each for the financial year ended March 31, 2026, subject to approval of the Shareholders at the ensuing 41st Annual General Meeting," the company said in a regulatory filing.

The Board has also approved a plan to raise up to ₹3,000 crore through non-convertible debentures, bonds, or other debt securities via private placements, in one or more tranches. It has also authorised a Committee of Directors to decide the details of these issuances from time to time, including the amount, timing, and terms and conditions.

Godrej Properties delivered its highest ever annual net profit of ₹1,850 crore for FY26, registering a YoY growth of 32%.

The company reported a strong performance in FY26 compared to FY25, with total income rising 22% to ₹8,374 crore from ₹6,848 crore. Its EBITDA for the year increased 43% to ₹2,826 crore as compared to ₹1,970 crore. Earnings per share (EPS) also improved to ₹61.43 from ₹49 in the previous year.

The real estate firm’s booking value grew 16% YoY and at a 3-year CAGR of 41% to ₹34,171 crore in FY26. Its Q4 FY26 booking value was the highest ever quarterly booking by GPL, equalling the previous best-ever quarter in Q4 FY25 and growing 21% QoQ to ₹10,163 crore.

Godrej Properties’ collections jumped 17% YoY to ₹19,965 crore in FY26. For Q4 FY26 collections stood at ₹7,947 crore, representing a YoY growth of 14% over the previous best-ever quarter and QoQ growth of 86%. “This is the highest collections ever reported by an Indian real estate developer in a quarter and in a financial year,” the company said in a statement.

The firm’s free cash flow (FCF) of ₹628 crore was generated in Q4 FY26, a 6% increase YoY. It added ₹42,100 crore of future sales potential through portfolio additions in the fiscal year, achieving over 200% of guidance and delivering YoY growth of 59%. The company said it has delivered projects aggregating 12.1 million sq. ft. in FY26, achieving 121% of guidance.

Here's what management said

Commenting on the performance, Pirojsha Godrej, Executive Chairperson, Godrej Properties Limited, said, "Godrej Properties delivered a record-breaking financial year 2026 with its highest ever bookings, collections, operating cashflows, earnings, and business development. The demand for residential real estate in India remains strong across key markets and the company will continue to seek to gain market share through outstanding design, timely delivery, and high-quality developments.”

“In FY27, we plan to grow residential bookings to over INR 39,000 crore through the launch of a large number of exciting new projects combined with strong sustenance sales. This combined with strong construction progress will allow us to maintain rapid growth in operating cash flows as well,” he added.

Pirojsha Godrej said that the company remains confident of a strong FY27, supported by a robust launch pipeline and strong balance sheet, while staying watchful of potential global security-led disruptions to the economy and sectoral demand.

Following the earnings, Godrej Properties shares climbed 6.3% to touch an intraday high of ₹1,951.90 apiece. At 1:02 PM, the stock was seen at ₹867.20 per share, rising 1.74%.