Godrej Properties Limited delivered its highest-ever annual profit after tax of ₹1,850 crore for FY26, representing a 32% jump from ₹1,400 crore in FY25. The Mumbai-based developer has now announced a ₹10 per share dividend for FY26, translating to 200% of the face value of ₹5 per share. According to ET Now, the dividend remains subject to approval at the upcoming 41st AGM scheduled for August 4, 2026, with the record date fixed as July 28, 2026. If approved, the dividend is expected to be credited to eligible shareholders on or before September 3, 2026. The stock responded positively to the results, rising 31.29% from its 52-week low and demonstrating strong investor confidence in the company's performance.
Q4 FY26 emerged as the company's strongest quarter on record for collections, with customer collections hitting ₹7,947 crore — a 14% year-on-year increase and the highest ever reported by any Indian real estate developer in a single quarter. As reported by The Hindu BusinessLine, quarterly net profit stood at ₹650 crore, up 70% year-on-year, while total income for the quarter came in at ₹3,895 crore, a 47% increase over Q4 FY25. The strong quarterly performance contributed significantly to the company's record annual results, with Q4 profit beating forecaster estimates by 21%, as reported by market analysts. The robust Q4 performance has helped drive the stock's impressive recovery from its 52-week low.
Full-year booking value grew 16% to ₹34,171 crore, surpassing the company's own guidance of ₹32,500 crore. According to The Hindu BusinessLine, the company sold 17,513 units covering 27 million square feet in FY26, marking its third consecutive year as India's largest residential developer by booking value. MMR led regional sales at ₹10,312 crore, followed by Bengaluru at ₹8,801 crore and NCR at ₹7,412 crore. However, revenue recognition tells a more measured story, with full-year total income of ₹8,374 crore against bookings of ₹34,171 crore reflecting the gap between sales and accounting recognition under Ind AS completion-based revenue norms.
The company's operational metrics showed remarkable improvement in Q4 FY26, with EBITDA jumping sharply to ₹523 crore from ₹110 crore a year ago, while margins expanded significantly to 15.1% from 5.2%, indicating strong execution and operating leverage. According to latest brokerage reports, CLSA maintains an outperform rating with a target price of ₹2,600, expecting 14% pre-sales growth in FY27 despite a high base, with sharp acceleration in cash flows likely by FY28. Jefferies reiterates its buy call with a target price of ₹2,475, expecting pre-sales growth of about 14% and collections growth of 20% in FY27, while HSBC remains the most bullish with a buy rating and target price of ₹2,900. All brokerages cite strong demand visibility, improving cash flows, and expectations of return on equity reaching around 20% and free cash flow turning positive by FY28.
