Indian real estate developer Godrej Properties reported a 70.13% rise in fourth-quarter profit as demand for residential apartments remained strong. According to reports from Storyboard18, the company's consolidated net profit rose to ₹649.88 crore in the quarter ended March 31, compared to ₹381.99 crore a year earlier. Revenue from operations climbed 63% to ₹34.58 billion during the same period, demonstrating robust operational performance across the company's portfolio.
The company achieved record booking value of ₹10,163 crore in Q4, marking the fifth consecutive quarter in which booking value exceeded ₹7,000 crore. As reported by Storyboard18, this was driven by the sale of 4,789 units spanning 7.3 million sq ft. The strong performance was led by new launches including Godrej Aveline (₹1,572 crore), Godrej Parkshire (₹760 crore) in Bengaluru, Godrej Arden (₹1,529 crore) in Greater Noida, Godrej Varanya (₹628 crore) in MMR, and Godrej Ivara (₹346 crore) in Pune. Sales were geographically diversified across MMR (₹10,312 crore), Bengaluru (₹8,801 crore), NCR (₹7,412 crore), Pune (₹3,659 crore) and Hyderabad (₹2,360 crore).
For the full year, Godrej Properties demonstrated sustained growth momentum with booking value rising 16% year-on-year to ₹34,171 crore, covering 17,513 units across 27 million sq ft with a 5% increase in volumes. According to Storyboard18, 11 projects across six cities each generated booking value exceeding ₹1,000 crore during the year. The company has acquired nearly 20 land parcels so far this fiscal year to develop housing projects worth ₹420 billion, positioning itself for continued expansion across key markets including MMR, Pune, Bengaluru and the National Capital Region.
CEO Pirojsha Godrej stated that "The demand for residential real estate in India remains strong across key markets," as reported by The Economic Times. The company aims to grow FY27 bookings to over ₹390 billion. Notably, promoters increased their stake during FY26, deploying ₹2,674 crore to acquire an additional 5% stake at an average price 21% higher than the financial year-end level. They also invested ₹1,896 crore to raise their holding by 5% in parent Godrej Industries Limited, demonstrating strong confidence in the company's growth trajectory and market position.
