Godrej Properties Limited (GPL), one of India’s leading real estate developers, reported a robust Q1 FY26 performance with a total booking value of ₹7,082 crore, despite an 18% year-on-year dip. This marks the company’s 8th consecutive quarter of booking values exceeding ₹5,000 crore, underlining strong demand momentum in the residential real estate sector.
In the first quarter ended June 30, 2025, GPL sold 4,231 homes covering 6.17 million sq. ft., driven by a successful launch pipeline across cities like Bengaluru, Mumbai Metropolitan Region (MMR), and NCR.
Bengaluru remained the company’s strongest performing market, contributing over ₹3,000 crore, largely driven by the blockbuster launch of Godrej MSR City (₹2,426 crore). Other top-performing launches included Godrej Majesty in Greater Noida (₹925 crore) and Godrej Tiara in Bengaluru (₹470 crore).
GPL launched 6 new projects/phases across 4 cities, unlocking a total sales potential of ₹8,500 crore.
On the business development front, GPL added 5 new projects in Q1FY26 with an estimated booking value potential of ₹11,400 crore, achieving 57% of its FY26 guidance in the very first quarter.
In terms of collections, the company recorded ₹3,670 crore, showing a 22% YoY growth, while the 2-year CAGR of booking value stood at a strong 77%, reflecting underlying long-term strength.
On the ESG front, GPL secured key climate commitments validation from the Science Based Targets initiative (SBTi), including its Net Zero goal.
On the financial side, consolidated EBITDA rose 18% YoY to ₹915 crore, and net profit jumped 15% to ₹600 crore, even though total income saw a slight decline of 3% YoY to ₹1,593 crore. The earnings per share (EPS) stood at ₹19.92 versus ₹18.70 last year.
Pirojsha Godrej, Executive Chairperson, stated:
“Godrej Properties delivered another solid quarter for bookings, cashflows, and earnings. Our business development additions since FY23 with a future booking value of over ₹90,000 crore provide us significant opportunity to scale our bookings and in turn our earnings. With a robust launch pipeline, strong balance sheet, and resilient demand, we are on track to achieve our guidance across all operating parameters.”
In recognition of leadership and excellence, MD & CEO Gaurav Pandey was named “CEO of the Year” by the Construction Times BAM Awards, while GPL bagged 10 awards in the quarter.
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