Godrej Properties Reports Record Q4 Profit Driven by Strong Sales
Godrej Properties posts 70% jump in Q4 net profit on strong bookings
Business StandardImage: Business Standard
Godrej Properties Limited (GPL) achieved a 70.13% increase in net profit for Q4 FY26, reaching ₹649.5 crore due to record bookings and revenue growth. The company plans to boost residential bookings to over ₹39,000 crore in FY27, while also raising up to ₹3,000 crore through debt securities.
- 01Q4 FY26 net profit reached ₹649.5 crore, a 70.13% YoY increase.
- 02Revenue for the quarter grew by 63% to ₹3,458.13 crore.
- 03GPL plans to increase residential bookings to over ₹39,000 crore in FY27.
- 04The company will raise up to ₹3,000 crore through non-convertible debentures.
- 05GPL retained its position as India's largest residential developer by booking value.
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Godrej Properties Limited (GPL) reported a record net profit of ₹649.5 crore for the fourth quarter of FY26, marking a 70.13% year-on-year increase, fueled by strong bookings and revenue growth. The company’s revenue surged 63% to ₹3,458.13 crore, with Q4 FY26 booking value matching its previous record at ₹10,163 crore. For FY27, GPL aims to boost residential bookings to over ₹39,000 crore through several new project launches. Additionally, the company’s board approved raising up to ₹3,000 crore via non-convertible debentures and other debt securities. GPL's collections for Q4 stood at ₹7,947 crore, a 14% increase YoY, while operating cash flow (OCF) also rose by 14% to ₹4,631 crore. The company’s total expenses for the quarter increased by 45.42%, primarily due to a 116.12% rise in material costs. Overall, GPL's robust performance solidifies its position as India’s largest residential developer for the third consecutive year, with a booking value growth of 16% YoY to ₹34,171 crore in FY26.
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The strong financial performance indicates a healthy demand for residential real estate, which could lead to more job opportunities in construction and related sectors.
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