
Godrej Properties share price declined on Thursday, February 4, after the company announced its Q3 FY26 earnings. The stock fell as much as 4% intraday following the results, even though the real estate developer said it is on track to meet its full-year booking guidance.
The market reaction appeared to be driven by a sharp drop in revenue and an operating loss, which overshadowed the strong growth in bookings and collections.
Despite positive commentary on demand and sales momentum, investors focused on weaker financial performance in the quarter. Godrej Properties was trading around 1.4% lower at ₹1,687, after hitting deeper losses earlier in the session.
Godrej Properties reported higher profit but a steep fall in revenue. The company also moved into an EBITDA loss during the quarter.
| Particulars | Q3 FY26 | Q3 FY25 | Change |
| Net Profit | ₹195.2 crore | ₹162.6 crore | +20% |
| Revenue | ₹498.4 crore | ₹969.0 crore | -48.6% |
| EBITDA | -₹182.7 crore | ₹27.7 crore | Declined |
Operationally, the company reported strong traction, with bookings and collections rising sharply.
| Metric | Q3 FY26 | YoY Change |
| Bookings | ₹8,421 crore | +55% |
| Collections | ₹4,282 crore | +40% |
| Operating Cash Flow | ₹1,062 crore | +73% |
Godrej Properties said it has already achieved 74% of its annual booking value guidance and remains confident of meeting (and potentially beating) its full-year target.
| Particulars | Value |
| FY26 Booking Guidance | ₹32,500 crore |
| Bookings Achieved (9M FY26) | ₹24,008 crore |
| Guidance Achieved | 74% |
Over the first nine months of FY26, the company reported steady growth in bookings and collections, although operating cash flow dipped slightly.
| Metric | 9M FY26 | YoY Change |
| Bookings | ₹24,008 crore | +25% |
| Collections | ₹12,018 crore | +19% |
| Operating Cash Flow | ₹3,199 crore | -7% |
Godrej Properties continued to strengthen its pipeline with fresh project additions.
| Period | Projects Added | Saleable Area |
| Q3 FY26 | 3 | 7.3 million sq ft |
| 9M FY26 | 12 | 22.36 million sq ft |
The company also indicated that growth has been broad-based across markets, supported by strong volumes and pricing improvement.
Read more: SEBI Revises OTR Rules for Algo Orders, Eases Penalty Framework.
Godrej Properties’ Q3 FY26 results showed a clear split between strong operational momentum and weaker quarterly financials. While bookings, collections, and project additions remained healthy, the sharp revenue decline and EBITDA loss led to a fall in the share price.
Going ahead, investors will track whether the company can maintain its strong booking pace while improving profitability and cash flow consistency in the coming quarters.
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. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
Published on: Feb 5, 2026, 2:10 PM IST

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