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Revenue
₹3,458 Cr
verified against source
Revenue YoY
47%
reported change
EBITDA
₹959 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 its best-ever year across all key metrics in FY26. Q4 bookings hit a record INR 10,163 crore, up 21% QoQ, while full-year bookings grew 16% YoY to INR 34,171 crore, achieving 105% of guidance. Collections rose 17% YoY to INR 19,965 crore, and operating cash flow reached INR 7,830 crore. Revenue grew 47% YoY to INR 3,895 crore, EBITDA 51% to INR 959 crore, and PAT 70% to INR 650 crore. Growth was driven by strong launches across Mumbai, Bengaluru, and NCR, with 11 projects crossing INR 1,000 crore in bookings. Management guided for FY27 bookings of INR 39,000 crore (+20% YoY) and collections of INR 24,000 crore (+20% YoY), supported by a robust launch pipeline and 35% higher opening inventory. Key risk: geopolitical uncertainty and potential demand slowdown, especially in H1 FY27.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects 20% growth in bookings to INR 39,000 crore, driven by a strong launch pipeline and 35% higher opening inventory.
- Collections are expected to grow 20% to over INR 24,000 crore, supported by strong construction spend and delivery momentum.
- Management targets a 20% return on equity by FY28, driven by faster execution and project deliveries leading to rapid OCF growth.
- Management guided for INR 20,000 crore of business development in FY27, but may exceed if opportunities arise, balancing growth and free cash flow.
Risks flagged
- The Middle East conflict caused lower conversions in late March, and continued uncertainty could dampen H1 FY27 sales.
- Raw material costs could rise 5-6% due to supply shocks from the Middle East, potentially impacting margins by 0.1-0.2% per quarter.
- Ashok Vihar and other marquee launches have faced repeated delays; any further slippage could affect FY27 booking guidance.
- Projects like Sora and Mirai saw slower offtake post-launch due to construction stage issues, which may persist.
Key quotes
- GPL delivered its best-ever year for business development, bookings, collections, operating cash flow, and earnings in financial year 2026.
- 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.
- 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.
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