Godrej Properties’ share price declined marginally at 10:36 AM and was trading at ₹2,241. One of India’s top real estate developers, it has set a target of achieving ₹32,500 crore in sales bookings in FY26. This comes after a record-breaking ₹29,444 crore in sales bookings in FY25 — a 31% jump from ₹22,527 crore in the previous year.
Despite global economic challenges, the company believes that housing demand will remain strong. The target for FY25 was ₹27,500 crore, but the company exceeded it comfortably.
With inventory in current under-construction projects and a strong pipeline of new launches across major cities, the company is confident of meeting — or even exceeding — its FY26 goal.
For the full financial year, the company’s net profit rose by a significant 93% to ₹1,399.89 crore from ₹725.27 crore in the previous year. Total income also grew to ₹6,967.05 crore, up from ₹4,334.22 crore.
In the March 2025 quarter, however, the company saw a 19% decline in consolidated net profit, which fell to ₹381.99 crore from ₹471.26 crore a year earlier. The drop was mainly due to higher tax expenses and losses in some joint ventures. Despite this, total income during the quarter rose to ₹2,681.06 crore from ₹1,914.82 crore.
The board has approved raising up to ₹2,000 crore through the issue of non-convertible debentures and other debt securities. This funding will support project development and business growth.
Godrej Properties mainly develops group housing projects in Delhi-NCR, Mumbai, Pune, Bengaluru, and Hyderabad. It also has a presence in smaller cities for plotted developments.
Backed by strong housing demand and a solid project pipeline, Godrej Properties is aiming for higher sales and growth in FY26, despite recent quarterly challenges.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: May 5, 2025, 11:09 AM IST
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