Godrej Properties Limited announced a record annual profit after tax of ₹1,850 crore for FY26, marking a 32% increase from ₹1,400 crore in FY25. The Mumbai-based developer presented its Q4 and full-year results on Monday, resulting in a 2.77% rise in its stock price to ₹1,886 on the NSE by early afternoon, although the stock is down 16.48% over the past year amid broader mid-cap underperformance.
In Q4 FY26, the company experienced its best quarter ever for collections, with customer collections reaching ₹7,947 crore—a 14% year-on-year increase and the highest recorded by any Indian real estate developer in a single quarter. The quarterly net profit was ₹650 crore, reflecting a substantial 70% year-on-year growth. Total income for the quarter was ₹3,895 crore, up 47% from Q4 FY25.
For the full year, Godrej Properties reported a booking value increase of 16% to ₹34,171 crore, exceeding the company’s own guidance of ₹32,500 crore. The firm sold 17,513 units, totaling 27 million square feet in FY26, solidifying its position as India’s largest residential developer by booking value for the third consecutive year. The Mumbai Metropolitan Region led the sales with ₹10,312 crore, followed by Bengaluru at ₹8,801 crore and NCR at ₹7,412 crore.
However, total income figures provide a more nuanced perspective. The full-year total income was ₹8,374 crore against the bookings of ₹34,171 crore, highlighting the difference between sales and revenue recognition under the Ind AS completion-based norms prevalent in Indian real estate.
Net debt rose significantly to ₹6,414 crore as of March 31, 2026, up from ₹3,269 crore the previous year, attributed to aggressive land acquisitions—where the company spent ₹8,653 crore on land and approvals in FY26. The net debt-to-equity ratio stood at 0.33.
Looking ahead to FY27, Godrej Properties has projected a booking value of ₹39,000 crore, collections of ₹24,000 crore, and deliveries of 13.5 million square feet. The stock is currently trading at a trailing P/E of 33.08, with a market capitalization of approximately ₹56,732 crore.
Published on May 4, 2026.
