Godrej Properties acquires ₹550 crore worth land parcel in Hyderabad, shares rise over 1%

Following this, the shares of Godrej Properties, a real estate major, rose to an intraday high of ₹2,091.9 apiece, up 2.45%, on the National Stock Exchange (NSE). Last seen at 10:07 AM, the stock was trading 1.14% higher at ₹2,065.10 apiece on the NSE.

With the intraday high of ₹2,091.9, the stock has gained 4.96% in the last 5 days, whereas, it declined nearly 13% on a monthly basis. The stock had touched its 52-week high of ₹3,290 on July 1, 2024. Similarly, the stock had hit its 52-week low of ₹1,869.50 on April 7, 2025.

The company’s market capitalisation currently stands at ₹62,853 crore.

In a regulatory filing on Thursday, the company said it participated in an e-auction conducted by the Telangana Housing Board (TGHB). The developer “emerged as the highest bidder for a 7.825 acre land parcel in Kukatpally (KPHB), Hyderabad, with a total combined bid value of ₹547.75 crore.”

The housing board will issue the allotment letter after completing the required procedures. The company said it plans to develop a housing project on the land, which has an estimated revenue potential of ₹3,800 crore.

Commenting on the development, Gaurav Pandey, MD & CEO, Godrej Properties, said, “As Hyderabad continues to strengthen its position as a dynamic real estate market, Kukatpally represents a strategic location that aligns with the city's growth trajectory.”

Godrej Properties is among the country’s major real estate developers.

Godrej Properties reported a 15.4% year-on-year (YoY) rise in its consolidated net profit to ₹600 crore in the June quarter of the 2025-26 financial year (Q1FY26). In the corresponding period a year ago, it had clocked a profit of ₹520 crore.

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.