Godrej Properties shares decline 6% as net profit dips to ₹154 crore; check all Q2 FY27 numbers

In the corresponding period of the previous fiscal year, its profit was at ₹405 crore.

The Mumbai-based company’s revenue from operations rose 161% in the July-September period to ₹1,935 crore from ₹740 crore in the year-ago period.

For Q2 FY27, the firm reported an EBITDA (earnings before interest, taxes, depreciation, and amortisation) loss of ₹469 crore as against a loss of ₹513 crore year-on-year (YoY).

Godrej Properties reported a 13% yearly increase in total income to ₹3,912 crore in H1 FY27, compared with ₹3,460 crore in H1 FY26.

However, EBITDA declined 53% YoY to ₹717 crore from ₹1,529 crore, while net profit fell 50% to ₹504 crore from ₹1,005 crore. Earnings per share (EPS), which is not annualized, stood at ₹16.74 compared with ₹33.37 in H1 FY26.

“While some of the headline earnings and bookings numbers for the quarter look muted, Q2 was a very strong operating quarter with sustenance sales growth of 83% YoY to ₹5,054 crore and cash collections growth of 31% YoY to ₹5,318 crore. We only launched one third of our expected annual launch pipeline in the first half of the financial year and were still able to deliver 43% of our annual bookings guidance highlighting the continued strength of underlying demand in the sector,” said Pirojsha Godrej, Chairperson, Godrej Properties.

For Q2 FY27, the company said it has achieved a booking value of ₹8,008 crore through the sale of 3,658 units covering a total area of 6.2 million square feet.

The company recorded its highest-ever quarterly sustenance sales in Q2 FY27, with sales growing 83% year-on-year and 43% quarter-on-quarter. Sustenance sales increased 55% in H1 FY27.

Three projects—Godrej Trilogy in MMR, Godrej Vanantara in Bengaluru and Godrej Samaris in Gurugram—each contributed more than ₹500 crore to sustenance sales during the quarter. Sales in Q2 FY27 were also driven by demand for key new project launches.

The performance was supported by a diversified portfolio, with five individual projects contributing more than ₹500 crore each and six projects contributing between ₹200 crore and ₹500 crore each to the booking value during the quarter.

H2 FY27 outlook

Pirojsha Godrej said Godrej Properties’ launch pipeline was strong and the company remained confident of surpassing its full-year guidance across all key operating metrics, with launches expected to pick up substantially from October onwards.

He added that the company expects to generate ₹15,000 crore in collections and ₹7,000 crore in operating cash flow in H2 FY27, with a focus on generating strong cash flows.

“This will allow us to both invest for continued growth while being free cash flow positive for the period. FY 28 is an important year for the company where the exceptional growth of the past few years becomes apparent in the reported financials under project completion accounting. We expect to deliver both positive free cash flow and a 20% reported ROE in FY28,” said Pirojsha Godrej.

At 2:30 PM, Godrej Properties shares were trading at ₹1,499.9 apiece on the National Stock Exchange, falling 4.16%. The company has a total market capitalisation of ₹45,193.01 crore as of October 23.