Godrej Properties Limited (GPL) announced its best-ever financial year for business development, bookings, collections, operating cash flow, and earnings in FY26. In Q4 FY26, the company achieved its highest-ever quarterly bookings, growing 21% quarter-on-quarter to ₹10,163 crores, with the sale of 4,789 units spanning 7.3 million square feet. Key project launches like Godrej Aveline in Bengaluru and Godrej Arden in Greater Noida each exceeded ₹1,500 crores in sales, while Godrej Trilogy saw over ₹1,000 crores. For the full financial year FY26, bookings grew 16% year-on-year to ₹34,171 crores, achieving 105% of guidance. This marks the highest booking value and volume by any listed real estate developer in India to date, making GPL the largest residential developer for the third consecutive year. The company has demonstrated consistent growth for nine consecutive years, with bookings exceeding ₹7,000 crores and area sold over 6 million square feet in each quarter. Geographically, sales were diversified, with the Mumbai region contributing over ₹10,000 crores, Bengaluru ₹8,801 crores, NCR ₹7,412 crores, Pune ₹3,659 crores, and Hyderabad ₹2,360 crores. Collections in Q4 FY26 reached ₹7,947 crores, a 14% year-on-year increase, and ₹19,965 crores for the full year, also a record for an Indian real estate developer. Operating cash flow in Q4 was ₹4,631 crores, up 14% year-on-year, and ₹7,830 crores for FY26. Business development additions in FY26 amounted to ₹42,100 crores in future sales potential, exceeding guidance by over 200%. This included 18 deals covering approximately 33 million square feet, with 6 new projects adding an estimated ₹17,500 crores in booking value. Deliveries reached 12.1 million square feet across 9 cities in FY26. Financial performance for Q4 FY26 showed a 47% increase in total income to ₹3,895 crores, EBITDA grew 51% to ₹959 crores, and net profit rose 70% to ₹650 crores. For the full year, total income grew 22% to ₹8,374 crores, EBITDA by 43% to ₹2,826 crores, and net profit by 32% to ₹1,850 crores. Looking ahead to FY27, GPL aims to grow residential bookings to over ₹39,000 crores and collections to over ₹24,000 crores, representing a 20% increase in both. The company is focused on achieving a 20% return on equity by FY28. Management discussed the impact of geopolitical situations and AI on demand, expressing cautious optimism. They highlighted strong demand in key markets like Mumbai and Bangalore, with plans to re-establish NCR sales to over ₹10,000 crores. A new pan-India sustenance campaign was launched to boost inventory movement. The company also addressed the 1% payment program as a marketing tool, not a Dubai-style plan, designed to offer easier entry points for consumers.
