Realty firm Godrej Properties Ltd delivered its strongest-ever calendar year 2025 performance with record bookings of ₹34,171 crore and robust PAT growth of 20%, according to latest reports from CNBC TV18 and The Hindu BusinessLine. The company reported a 20% increase in consolidated net profit to ₹195.2 crore for the quarter ended December, representing a significant improvement from the ₹162.6 crore net profit recorded in the corresponding period of the previous year. Despite a 17% YoY decline in Total Income to ₹1,020 crore during Q3FY26, profitability metrics improved substantially with EBITDA growing 21% YoY to ₹338 crore and EBITDA margins expanding sharply to 33.2% from 22.9% in the prior year quarter. The company achieved bookings of ₹8,421 crore with 55% YoY growth, selling 3,973 homes during the quarter, as reported by The Hindu BusinessLine.
Godrej Properties has achieved 74% of its annual guidance for booking value and remains on track to beat its guidance of ₹32,500 crore for the financial year 2026, according to the latest results announcement. The company's bookings increased 55% to ₹8,421 crore while collections were up 40% at ₹4,282 crore during the quarter, as confirmed by The Hindu BusinessLine. The company's operating cash flows also increased 73% to ₹1,062 crore, demonstrating strong operational performance across key metrics. In the first nine months of FY26, Godrej Properties bookings increased 25% to ₹24,008 crore with collections rising 19% to ₹12,018 crore, as reported by CNBC TV18. The Mumbai Metropolitan Region (MMR) contributed ₹3,239 crore (38%) to the booking value in Q3FY26, led by the successful launch of Godrej Trilogy at Worli, which achieved ₹1,742 crores of booking value in the quarter, as reported by The Hindu BusinessLine.
The company demonstrated significant margin expansion during Q3FY26, with PAT margins improving from 13.3% to 19.1% YoY. Godrej Properties added three new projects with an estimated saleable area of 7.3 million square feet in Q3FY26, and 12 new projects with an estimated saleable area of 22.36 million square feet in nine months of FY26. During Q3FY26, the company launched 11 new projects and phase launches across nine cities and delivered projects aggregating approximately 1.7 million sq. ft. across three cities. The company stated that sales growth is spread across all operating markets and is backed by strong volumes and pricing growth, with management expressing confidence of ending FY26 as their best-ever year across all operating metrics. The strategic addition of 3 new projects worth an estimated ₹8,400 crore in Q3 and 12 new projects worth ₹24,650 crore in 9M FY26 provides a strong pipeline for future growth.
Despite strong operational performance, net debt more than doubled to ₹6,873 crore as of December 31, 2025, up from ₹3,269 crore as of March 31, 2025, pushing the debt-to-equity ratio to 0.37x from 0.19x. While the company raised ₹6,000 crore via QIP in December 2024, the substantial debt increase requires monitoring. However, Godrej Properties maintains industry-leading credit rating (AA+/Stable) and the lowest average borrowing cost of 7.25%, providing a strong financial cushion. The company has a total market capitalisation of ₹50,753.27 crore as of February 5, 2026, according to Upstox.
Despite the strong operational performance, shares of Godrej Properties declined 1.45% to ₹1,686.90 on the National Stock Exchange at closing on Thursday, according to The Hindu BusinessLine. Commenting on the earnings, Pirojsha Godrej, Executive Chairperson, stated that the company delivered another solid quarter for bookings and earnings, with remarkable increase in scale over the past four years. He emphasized that the equity capital of ₹6,000 crore raised through a QIP last financial year, combined with operating cash flow, will enable continued investment for growth. The company's promoter stake increase of ₹300 crore further bolsters investor confidence, with management expressing confidence of ending FY26 as their best-ever year across all operating metrics.
