Q1-FY24 · Pirojsha Godrej
We remain confident of meeting our annual bookings guidance of INR 14,000 crore.
GODREJPROP / language trends
Read confidence between the lines.
Godrej Properties · tone and specificity signals across the available quarters.
Research layer active
Language signals
What changed in management language.
tracked
Q1-FY24 · Pirojsha Godrej
The most important objective going forward will be to get all of our recently added projects launched in the upcoming quarter.
Q1-FY24 · Gaurav Pandey
Our endeavor is to generate PAT margins close to about, in the range of 12%-15%.
Q1-FY25 · Pirojsha Godrej
GPL achieved its highest-ever net profit in the quarter of INR 520 crore.
Q1-FY25 · Pirojsha Godrej
Booking value grew by 283% to INR 8,637 crore.
Q1-FY25 · Gaurav Pandey
Our 99% of last quarter was all front-ended sales, 1% because the tag of some project is OC, which gets access PLP.
Q1-FY26 · Pirojsha Godrej
We have delivered our highest ever quarterly net profit of INR 600 crore in the first quarter, a growth of 50% year-on-year.
Q1-FY26 · Pirojsha Godrej
We remain very confident of the guidance. Both on collections and deliveries quarter to quarter.
Q1-FY26 · Gaurav Pandey
I think we have enough and more to kind of sustain the growth for the next 18-24 months.
Q2-FY24 · Pirojsha Godrej
This quarter's booking figure is also nearly equal to our annual booking level three or four years ago.
Q2-FY24 · Pirojsha Godrej
We are confident of exceeding our annual booking guidance of INR 14,000 crore.
Q2-FY24 · Pirojsha Godrej
The most important objective going forward will be to get all of our recently added projects launched in the upcoming quarter.
Q2-FY25 · Pirojsha Godrej
We've already achieved 51% of our annual bookings guidance.
Q2-FY25 · Pirojsha Godrej
Our goal isn't to do only luxury developments, which have their own drawbacks.
Q2-FY25 · Pirojsha Godrej
We are seeing a lot of opportunities that do meet this threshold still, but I think the IRR threshold of 20%-25% is what we look at.
Q2-FY26 · Pirojsha Godrej
We are quite confident that that visibility will change considerably, as we said, by FY 2028, by when we expect the accounting numbers to catch up to at least some extent, and we expect to be able to deliver the 20% ROE we've talked about.
Q2-FY26 · Pirojsha Godrej
I think there is no constraint in that sense to the growth opportunity before us. As a company, if we look at residential sales on a national level, we are currently last year at about 4.3% of total sales. Clearly, we think that gives us headroom for growth.
Q2-FY26 · Pirojsha Godrej
I think this is the most important metric for the company. Whether we look at incentives or other things, certainly this will be the key focus.
Q3-FY24 · Pirojsha Godrej
The third quarter was Godrej Properties' most successful quarter ever in terms of new bookings, with year-on-year growth of 76% to INR 5,720 crore.
Q3-FY24 · Pirojsha Godrej
I clearly don't think those kind of growth rates will be sustainable over the medium term. I think we'd look more towards ambitious but reasonable steady state growth in the range of around 20% on an ongoing basis.
Q3-FY24 · Pirojsha Godrej
The basic cyclicality of the sector, I think, is here to stay, and I think it's incumbent upon individual developers to figure out how to best maximize the opportunity in each leg of the cycle and maintain a balance sheet that can withstand any surprises that come along.
Q3-FY25 · Pirojsha Godrej
Calendar year 2024 was a record-breaking year for Godrej Properties. Our booking value reached ₹28,800 crore, a year-on-year growth of 69%.
Q3-FY25 · Pirojsha Godrej
We've seen six consecutive quarters of ₹5,000 crore plus sales. I think that's an industry record.
Q3-FY25 · Gaurav Pandey
Golf Course Road is a pure margin expansion play for us. We are not targeting a booking value play from Golf Course Road; we are looking more from a value-accretive and strong margin profile kind of play.
Q3-FY26 · Gaurav Pandey
We currently hold about INR 135,000 crores' worth of inventory. Within that, if I talk about inventory that is very recent, which is very fresh inventory, which is from the acquisitions of last three years, that itself give or take is about INR 65,000 crores.
Q3-FY26 · Gaurav Pandey
I think the market is slowly maturing. So now you have a tendency in different micro-markets where I would say buyers are appreciating more about product quality, location. It is gradually becoming what we always believed to be more of either an end-user market or a very seasoned retail investor.
Q3-FY26 · Pirojsha Godrej
Our belief has been that there is opportunity, irrespective of what happens with the overall market. We've seen, for example, I think last year was our ninth consecutive year of booking value growth.
Q4-FY24 · Pirojsha Godrej
Our hypothesis of raising capital five years ago, deploying aggressively into business development when market conditions were favorable for investments, and using these new projects to deliver exponential growth in bookings is, we believe, playing out exactly as we had hoped.
Q4-FY24 · Pirojsha Godrej
I think the base that we need is more demanding now than it has been in past years, but I think we'd like to stick with our guidance of 20% growth over the medium term.
Q4-FY24 · Pirojsha Godrej
If we see great opportunities, the INR 20,000 is not going to form any kind of upper cap, certainly.
Q4-FY25 · Pirojsha Godrej
This is the highest-ever quarterly booking value achieved by GPL, and it's the first time that we crossed INR 10,000 crore booking value in a quarter.
Q4-FY25 · Pirojsha Godrej
I think the advantage of having a strong presence, a strong brand, but a relatively small market share is that irrespective of how the market performs, there is a market share gain opportunity that remains.
Q4-FY25 · Gaurav Pandey
Growth is more or less hygiene for us now. It's to look at other buckets of performance.
Q4-FY26 · Pirojsha Godrej
GPL delivered its best-ever year for business development, bookings, collections, operating cash flow, and earnings in financial year 2026.
Q4-FY26 · Pirojsha Godrej
We crossed bookings of INR 7,000 crore and area sold of more than 6,000,000 sq ft in each quarter of the last financial year, demonstrating the consistency made possible by our national presence and strong product portfolio.
Q4-FY26 · Pirojsha Godrej
Our record business development additions, combined with the strong operating cash flow of over INR 15,000 crore that has been generated over the last two years, will enable us to continue building on the strong growth momentum the company has established.