Godrej Properties Q3 Results: Bookings at 74% of FY26 guidance; Co confident of meeting projections

Shares of Godrej Properties Ltd. declined on Thursday, February 4, even as the company said it is on track to achieve its booking guidance for the full year. The company made this projection while announcing its third quarter results.

The real estate company said it has achieved 74% of its annual guidance for booking value. It added that it remains on track to beat its guidance of ₹32,500 crore for the financial year 2026.



Godrej Properties reported a net profit of ₹195.2 crore in the December quarter, up 20% from the previous year's ₹162.6 crore.

Its revenue declined 48.6% to ₹498.4 crore in the quarter under review from 969 crore in the third quarter of the previous fiscal.

It also reported an earnings before interest, tax, depreciation and amortisation (EBITDA) loss of ₹182.7 crore compared to an EBTIDA profit of ₹27.7 crore in the year-ago period.

Its bookings increased 55% to ₹8,421 crore, while collections were up 40% at 4,282 crore. The company's operating cash flows also increased 73% to ₹1,062 crore.

In the first nine months of FY26, Godrej Properties' bookings increased 25% to ₹24,008 crore, collections increased 19% to ₹12,018 crore but its operating cash flow declined 7% at ₹3,199 crore.

Godrej Properties said in the third quarter, it added three new projects with an estimated saleable area of 7.3 million square feet. In nine months of this fiscal, the company has added 12 new projects with an estimated saleable area of 22.36 million square feet.

The company said sales growth is spread across the markets it is operating in and was on the back of strong volumes and pricing growth. It said it is confident of ending FY26 as its best-ever year across all operating metrics.

Shares of Godrej Properties fell as much as 4% after the results announcement, but are looking to recover from the lows of the day, currently trading 1.4% lower at ₹1,687.

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