MUMBAI: Godrej Properties Limited has capped off FY26 with its strongest performance yet, reporting a record net profit of Rs 1,850 crore, up 32 per cent year on year, as India’s residential property boom continued to gather pace.
The company’s March quarter numbers were equally punchy. Net profit surged 70 per cent to Rs 650 crore, marking its highest ever quarterly earnings. Total income for Q4 jumped 47 per cent to Rs 3,895 crore, while EBITDA climbed 51 per cent to Rs 959 crore. Earnings per share for the quarter stood at Rs 21.58.
Operationally, FY26 turned into a banner year across the board. Booking value rose 16 per cent to Rs 34,171 crore, extending a three-year CAGR of 41 per cent. The March quarter alone clocked bookings worth Rs 10,163 crore, matching the company’s best-ever quarterly performance and rising 21 per cent sequentially. Sales volumes reached 17,513 units for the year, covering 27 million sq ft.
Collections, a key indicator of cash health, grew 17 per cent to Rs 19,965 crore for the full year. Q4 collections hit a record Rs 7,947 crore, up 14 per cent year on year and a sharp 86 per cent sequential jump. The company also reported operating cash flow of Rs 7,830 crore for FY26, with a standout Rs 4,631 crore generated in the final quarter. Free cash flow for Q4 came in at Rs 628 crore.
Godrej Properties also doubled down on growth. It added 18 new projects during the year with an estimated booking potential of Rs 42,100 crore, more than twice its initial guidance. These projects span over 33 million sq ft of saleable area. Deliveries were equally strong, with 12.1 million sq ft completed across nine cities, exceeding annual guidance by 21 per cent.
The company retained its position as India’s largest residential developer by booking value for the third consecutive year, with demand spread across key markets such as MMR, Bengaluru, NCR, Pune and Hyderabad. Notably, 11 projects across six cities each generated over Rs 1,000 crore in bookings.
Reflecting confidence in its financial strength, the board has recommended a dividend of Rs 10 per share, translating to a 200 per cent payout, subject to shareholder approval.
Godrej Properties Limited executive chairperson Pirojsha Godrej said, “Godrej Properties delivered a record-breaking financial year 2026 with its highest ever bookings, collections, operating cashflows, earnings, and business development. The demand for residential real estate in India remains strong across key markets and we will continue to gain market share through high-quality developments and timely delivery.”
He added that the company is targeting over Rs 39,000 crore in bookings for FY27, backed by a robust launch pipeline and sustained sales momentum, while staying cautious about potential global economic disruptions.
Promoters also showed confidence in the business, investing Rs 2,674 crore during the year to increase their stake by 5 per cent. A similar 5 per cent stake increase was carried out in holding company Godrej Industries Limited with an investment of Rs 1,896 crore.
With record numbers across profit, cash flow and expansion, Godrej Properties has entered FY27 on a strong footing. The company now appears well placed to ride India’s housing demand wave, provided global uncertainties do not cast a long shadow.