Godrej Properties shares jump 2% on emerging as highest bidder for 7.825 acres land parcel in Hyderabad

Shares of Godrej Properties jumped nearly 2% after the company emerged as the highest bidder for a 7.8-acre land parcel in Hyderabad. Earlier in August, the company entered Baroda by acquiring 90 acres of land. Shares gave up early gains to trade 1% higher at ₹2062 apiece on the NSE at 10:50 am.

Godrej Properties (GPL) participated in an e-auction conducted by the Telangana Housing Board (TGHB) for a Residential Group Housing Project, where GPL 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. TGHB shall issue the allotment letter after following the due process. This acquisition builds on the success of GPL’s recent launches in Hyderabad, including Godrej Madison Avenue at Kokapet and Godrej Regal Pavilion at Rajendranagar. With this new project, GPL has further strengthened its presence in one of India’s most dynamic real estate markets.

According to the exchange filing, the land parcel, which is strategically located near the prime location of Kukatpally close proximity to HITEC City, will offer an estimated revenue potential of ₹3,800 crore, comprising premium residential apartments of varied configurations.

In the Q1FY26, the company’s consolidated revenue dropped by 41% YoY to ₹434 crore as compared to ₹739 crore in the previous year’s similar quarter. On the operational front, the company’s EBITDA loss nearly doubled from ₹125 crore to ₹243 crore in the Q1FY26. However, the company posted a net profit of ₹625 crore as compared to ₹580 crore net profit in the same period last year.

The company's booking value for the quarter stood at ₹7,082 crore, a YoY decline of 18% with 4321 homes sold. During the quarter, the company added five new projects with an estimated saleable area of 9.2 million sq feet and an estimated booking value of ₹11,400 crore.

As of 21 Aug 2025, the company’s share price has traded 26% lower in 2025 on a YTD basis.