Godrej Properties reported a robust Q3 FY26, with booking value reaching ₹8,421 crore, a 55% YoY increase. The company achieved sales of 3,973 homes with a total area of 6.43 million sq. ft. 9M FY26 booking value grew 25% YoY to ₹24,008 crore. GPL is on track to exceed its annual guidance of ₹32,500 crores for FY26.
Q3 FY26 Performance Highlights
Godrej Properties (GPL) has demonstrated strong financial results for Q3 FY26:
- Booking Value: Increased by 55% YoY, totaling ₹8,421 crore. This was driven by the sale of 3,973 homes, covering 6.43 million sq. ft.
- 9M FY26 Bookings: Grew by 25% YoY to ₹24,008 crore, representing sales of 12,726 homes over 19.74 million sq. ft.
- Consistent Performance: This marks the fourth consecutive quarter with bookings exceeding ₹7,000 crore, and the tenth consecutive quarter above ₹5,000 crore.
- Annual Guidance: The company has already achieved 74% of its annual booking value guidance and expects to surpass the ₹32,500 crore target for FY26.
Key Contributors
MMR contributed significantly to the Q3 FY26 booking value with ₹3,239 crore (38%) driven by the successful launch of Godrej Trilogy at Worli, which alone accounted for ₹1,742 crores.
New Projects and Launches
The company launched 11 new projects and phases across 9 cities during the quarter, with a total sales potential of ₹11,000 crores.
Cash Flow and Collections
- Collections: Increased by 40% YoY to ₹4,282 crore in Q3 FY26, bringing 9M FY26 collections to ₹12,018 crore (19% growth).
- Operating Cash Flow (OCF): Increased by 73% YoY to ₹1,062 crore in Q3 FY26. Direct construction spend also increased by 66% in 9M FY26.
Business Development
GPL added 3 new projects in Q3 FY26 with an estimated saleable area of 7.30 million sq. ft and a booking value of ₹8,400 crore. In 9M FY26, 12 new projects were added, covering 22.36 million sq. ft and ₹24,650 crore in booking value, achieving 123% of the annual guidance.
Sustainability & Recognition
- Godrej Properties maintains its #1 global ranking in Real Estate and Management (REM) sector and has been included in the CDP Leadership Index with an ‘A’ Rating.
- Received approval and validation from the Science Based Targets initiative (SBTi) for near-term and long-term net-zero goals.
- Awarded 42 awards in Q3 FY26.
Source: BSE
