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Revenue
₹498 Cr
verified against source
Revenue YoY
—
reported change
EBITDA
₹338 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Godrej Properties delivered a strong Q3 FY26 with booking value surging 55% YoY to INR 8,421 crore and net profit rising 20% to INR 195 crore. EBITDA grew 21% to INR 338 crore, while collections rose 40% to INR 4,282 crore. The company achieved 74% of its full-year booking guidance and remains confident of beating it. Operating cash flow grew 73% YoY to INR 1,062 crore, though nine-month OCF dipped 7% due to higher construction spend. Management highlighted a robust launch pipeline for Q4 and FY27, with strong demand across segments and geographies. Key risks include potential slowdown in NCR/Gurgaon markets and uncertainty around AI's impact on IT-driven demand in Bangalore and Hyderabad.
Colored figures show movement against the previous available record.
Guidance to track
- Achieved 74% of guidance in 9M; management confident of exceeding the target.
- 9M collections at 57% of guidance; Q4 deliveries skewed, but spillover possible.
- 9M deliveries at ~5 million sq ft; Q4 expected to surpass the annual target.
- Management expects continued growth in booking value, collections, and cash flows.
Risks flagged
- Management noted speculative froth fading in Gurgaon and indicated a tactical pause in land acquisitions there.
- Analyst raised concern about weakness in IT/ITES affecting Bangalore/Hyderabad demand; management acknowledged uncertainty.
- Nine-month OCF declined 7% despite 19% collections growth due to 66% rise in construction spend.
Key quotes
- 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.
- 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.
- 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.
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