Godrej Properties Achieves Booking Value of Rs 8,008 Crore in Q2 FY27
Mumbai, October 23, 2026: Godrej Properties Limited achieved a booking value of Rs 8,008 crore during the second quarter ended September 30, 2026, driven by the sale of 3,658 units totaling 6.2 million square feet, according to an official press release.
For the first half of the financial year, booking value grew 7 percent year-on-year to Rs 16,659 crore. Quarterly performance was bolstered by a 83 percent year-on-year growth in sustenance sales to Rs 5,054 crore, alongside key launches such as Godrej Crown Residences in Noida, which contributed Rs 1,036 crore. Collections for the quarter rose 31 percent year-on-year to Rs 5,318 crore, while operating cash flow expanded 33 percent year-on-year and 297 percent quarter-on-quarter to Rs 1,584 crore. On the development front, the company added one new project in Q2 with an estimated booking value of Rs 6,000 crore, bringing total H1 business development additions to Rs 15,500 crore.
From a consolidated financial perspective, total income for the quarter grew 38 percent year-on-year to Rs 2,575 crore compared to Rs 1,867 crore in Q2 FY26. However, net profit for the quarter declined 62 percent to Rs 154 crore from Rs 405 crore, while EBITDA fell 72 percent to Rs 171 crore. For H1 FY27, total income increased 13 percent to Rs 3,912 crore, while net profit dropped 50 percent to Rs 504 crore compared to the corresponding period of the previous fiscal year.
Pirojsha Godrej, Chairperson, Godrej Properties Limited, said, “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 Rs 5,054 crore and cash collections growth of 31% YoY to Rs 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. Our launch pipeline has never been stronger and with launches picking up substantially from this month onwards, we remain confident of surpassing our full year guidance across all key operating metrics. We are especially focused on generating strong cash flows and expect Rs 15,000 crore of collections and INR 7,000 crore of operating cash flow in H2 FY27. 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. We remain extremely excited about the opportunity ahead and will seek to continue to gain market share through outstanding design, timely delivery, and high quality developments.”
