Godrej Properties reported robust financial results for the second quarter of FY27, with bookings reaching ₹8,008 crores and total collections growing by 31% YoY to ₹5,318 crores. The company also achieved a significant increase in operating cash flow, up 297% QoQ to ₹1,584 crores. Sustenance sales demonstrated strong growth, up 83% YoY.
Godrej Properties Reports Strong Q2 FY27 Financials
Godrej Properties Limited (GPL) has announced its consolidated financial results for the second quarter and half year ended September 30, 2026. The company showcased impressive performance across key metrics, including bookings, collections, and operating cash flow.
Key Financial Highlights for Q2 FY27
- Bookings Value: Achieved a booking value of ₹8,008 crores in Q2 FY27, driven by the sale of 3,658 units covering 6.2 million sq. ft.
- Sustenance Sales: Demonstrated best-ever quarterly performance with growth of 83% YoY and 43% QoQ. Sustenance sales grew 55% in H1 FY27.
- Collections: Grew by 31% YoY to ₹5,318 crores in Q2 FY27, contributing to a 25% YoY growth in H1 FY27 collections to ₹9,666 crores.
- Operating Cash Flow: Saw a significant increase of 297% QoQ and 33% YoY, reaching ₹1,584 crores in Q2 FY27. H1 FY27 operating cash flow stood at ₹1,983 crores.
Half-Yearly Performance (H1 FY27)
- H1 Bookings: Increased by 7% YoY to ₹16,659 crore, marking the highest-ever H1 booking value for the company. This was achieved through the sale of 7,396 units.
- H1 Collections: Grew by 25% YoY to ₹9,666 crores.
- H1 Operating Cash Flow: Recorded at ₹1,983 crores.
Corporate Highlights and Business Development
GPL’s performance was driven by a diversified portfolio, with significant contributions from major residential markets including NCR, MMR, and Bengaluru. The company also added new projects, enhancing its future sales pipeline. In Q2 FY27, GPL added one new project with an estimated saleable area of 1.1 million sq. ft. and an expected booking value of ₹6,000 crore.
Management Commentary
Mr. Pirojsha Godrej, Chairperson, commented that while headline earnings might appear muted, Q2 was a strong operating quarter. He expressed confidence in surpassing full-year guidance, driven by a robust launch pipeline and a focus on generating strong cash flows, targeting ₹15,000 crore of collections and ₹7,000 crore of operating cash flow in H2 FY27.
Financial Overview (Consolidated)
Q2 FY27 performance overview compared with Q2 FY26
- Total Income grew by 38% to ₹2,575 crore.
- EBITDA declined by 72% to ₹171 crore.
- Net Profit declined by 62% to ₹154 crore.
- EPS amounted to ₹5.12.
H1 FY27 performance overview compared with H1 FY26
- Total Income grew by 13% to ₹3,912 crore.
- EBITDA declined by 53% to ₹717 crore.
- Net Profit declined by 50% to ₹504 crore.
- EPS amounted to ₹16.74.
Source: BSE
