Godrej Properties Ltd (GPL) delivered exceptional Q4 FY26 results, with net profit attributable to owners surging 68.17% year-on-year to ₹649.88 crore from ₹381.99 crore in the corresponding period last year. According to the latest quarterly results, revenue from operations grew 63.22% to ₹3,458.13 crore compared to ₹2,121.73 crore in Q4 FY25. Earnings per share (EPS) came in at ₹21.58 versus ₹12.68 in the corresponding quarter last year, reflecting strong operational leverage amid higher revenue recognition. EBITDA stood at ₹522.24 crore for the quarter, compared to ₹109.96 crore in the year-ago period, registering a sharp growth of 374.90%, with EBITDA margin improving significantly to 15.10% from 5.18%.
India's real estate sector achieved a record equity inflow of USD 30.7 billion between 2024 and Q1 2026, according to the latest CBRE-CII report titled 'Deploying Capital in a Transformative Era'. This unprecedented capital inflow is expected to sustain amid resilient demand and expanding capital market avenues, with public equity markets remaining active over the next few years. The report highlights that debt financing in the real estate sector surpassed USD 146 billion cumulatively from 2024 to Q1 2026, channelled through diverse structured debt instruments via trusteeships, banks, NBFCs, and other institutional avenues. Three gateway cities - Mumbai, Delhi-NCR, and Bengaluru - attracted over 60% of total debt flows, while select non-tier-I cities accounted for around 8% of overall activity, reflecting growing investor confidence beyond established metros.
Mumbai's property market has recorded its strongest April performance in over a decade, with housing registrations surging to record levels that defy the national real estate slowdown. According to The Economic Times, housing registrations reached 14,285 transactions in April 2026, breaking the previous record of 13,800 registrations and marking the highest April performance in over 10 years. Real estate expert Gulam Zia from Knight Frank India noted that stamp duty collections and government revenues have also shot up by 4%, highlighting the sustained buyer interest in India's financial capital. This resilience comes as most other Indian cities show signs of cooling, with Mumbai being the only major market defying the broader national trend.
GPL achieved exceptional performance in FY26, with sales bookings rising 16% year-on-year to ₹34,171 crore. According to reports from Mint, this milestone was achieved through the sale of 17,513 units spanning 27 million sq ft, marking the highest ever by an Indian real estate firm. The company reported a 32% year-on-year jump in net profit to ₹1,840.66 crore in FY26, while revenue from operations grew 4.2% to ₹5,131.43 crore. For the March quarter, GPL posted a 70% jump in net profit to ₹649.88 crore compared to the year-ago period, with revenue from operations rising 62.98% to ₹3,458.13 crore.
Despite stable home prices, GPL has set an ambitious sales target of ₹39,000 crore for 2026-27, as reported by Mint. Executive chairperson Pirojsha Godrej noted that the company has performed well across all metrics including sales bookings, collections, and business development. After a 17% jump in collections to ₹19,965 crore last year, GPL has projected 20% growth to ₹24,000 crore for FY27. The company has now announced comprehensive FY27 guidance covering business development target of ₹20,000 crore, launch value of ₹48,000 crore, booking value of ₹39,000 crore, and customer collections of ₹24,000 crore. The CBRE-CII report highlights that REITs are evolving into a key pillar of the real estate ecosystem, with increasing acquisition activity and portfolio expansion expected to drive further institutionalisation of the sector.
The Board has recommended a ₹10 per equity share (200%) dividend for FY26, with the record date set for July 28, 2026 and payment deadline before September 3, 2026. At the same Board meeting, GPL received enabling approval for raising funds through the issuance of Non-Convertible Debentures, Bonds, and/or other Debt Securities on a private placement basis, in one or more tranches, for an amount not exceeding ₹3,000 crore. Separately, the Board noted the retirement of Mr. Nadir Godrej (DIN: 00066195) as Non-Executive Non-Independent Director, effective from the conclusion of the 41st Annual General Meeting scheduled for August 04, 2026.
