Godrej Properties Limited (GPL) announced its financial results for the quarter and nine months ended December 31, 2025. The company reported a 55% year-on-year increase in booking value for Q3 FY26, reaching ₹8,421 crore. This was driven by the sale of 3,973 homes spanning 6.43 million sq. ft. For the nine-month period of FY26 (9M FY26), GPL's booking value grew by 25% year-on-year to ₹24,008 crore, with 12,726 homes sold across 19.74 million sq. ft. This marks the highest ever Q3 and 9M booking value achieved by the company. This performance signifies the fourth consecutive quarter where GPL has surpassed ₹7,000 crore in booking value and the tenth consecutive quarter exceeding ₹5,000 crore. GPL has achieved 74% of its annual guidance for booking value and is on track to exceed its FY26 guidance of ₹32,500 crore. The Mumbai Metropolitan Region (MMR) was a significant contributor in Q3 FY26, accounting for ₹3,239 crore (38%) of the booking value, largely due to the successful launch of Godrej Trilogy at Worli, which alone generated ₹1,742 crore in booking value during the quarter. During Q3 FY26, the company launched 11 new projects and phases across 9 cities, with a total sales potential of ₹11,000 crore. Collections for Q3 FY26 grew by 40% year-on-year to ₹4,282 crore, and for 9M FY26, collections increased by 19% to ₹12,018 crore. Operating cash flow in Q3 FY26 saw a 73% year-on-year increase to ₹1,062 crore, though it declined 11% quarter-on-quarter. For 9M FY26, operating cash flow declined by 7% to ₹3,199 crore. In terms of business development, GPL added 3 new projects in Q3 FY26 with an estimated saleable area of 7.30 million sq. ft. and an expected booking value of ₹8,400 crore. In 9M FY26, the company added 12 new projects, covering 22.36 million sq. ft. with an expected booking value of ₹24,650 crore, thus achieving 123% of its annual guidance within nine months. The company's consolidated financial statements show a total income of ₹1,020 crore for Q3 FY26, a decrease of 17% year-on-year. However, Profit Before Tax (PBT) increased by 25% to ₹276 crore, and Net Profit After Tax (PAT) grew by 20% to ₹195 crore. Adjusted EBITDA saw a 14% increase to ₹351 crore. GPL continues to maintain a strong financial position with a Net Debt to Equity ratio of 0.37 as of December 31, 2025, and an average borrowing cost of 7.25%. The company has also been recognized globally for its sustainability efforts, ranking #1 in the Real Estate and Management (REM) sector on the S&P Global’s Dow Jones Best in class indices for 2025.
