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Revenue
₹2,122 Cr
verified against source
Revenue YoY
—
reported change
EBITDA
Pending
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 record Q4 FY25 with booking value of INR 10,163 crore, up 7% YoY, and full-year bookings of INR 29,444 crore, up 31% YoY. Collections surged 49% to INR 17,047 crore, and operating cash flow hit INR 7,484 crore, up 73%. The company guided FY26 bookings to over INR 32,500 crore (20% growth over FY25 guidance) with launches exceeding INR 40,000 crore. Management expressed confidence in continued market share gains across NCR, Mumbai, Bangalore, and Pune, citing strong demand and a robust launch pipeline. A key risk is potential delays in high-profile projects like Ashok Vihar and Bandra, which could temper growth if approvals stall.
Colored figures show movement against the previous available record.
Guidance to track
- 20% growth over FY25 guidance, supported by launches exceeding INR 40,000 crore and strong sustenance sales.
- 40% higher than FY25 guidance and 20% higher than FY25 actuals.
- Management expects to significantly surpass this, calling it a 'low-ball' number.
- Absolute net debt ceiling to guide capital deployment, replacing net gearing target.
Risks flagged
- Ashok Vihar faces tree relocation court issues; Bandra slum redevelopment site clearance delayed. Both may slip beyond FY26.
- Management noted potential cost inflation risks from oil prices and global trade policies, though current environment is benign.
- Imputed EBIT margin fell from 26.8% to 26.2% in FY25, partly due to conservative cost buffers and project mix. Analysts questioned why price gains aren't flowing through.
- About 65-70% of sales come from new launches; any launch delays could pressure booking guidance achievement.
Key quotes
- 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.
- 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.
- Growth is more or less hygiene for us now. It's to look at other buckets of performance.
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