Godrej Properties Q1 FY27 Earnings Call Transcript Released
Godrej Properties reported Q1 FY27 bookings of ₹8,651 crore, up 22% YoY, with 6.2 million sq ft sold. Collections were ₹4,348 crore. The company added 3 new projects worth ₹9,500 crore. Despite a 42% drop in net profit to ₹350 crore due to fewer project completions, they expect FY27 operating cash flow to reach ₹9,000 crore and aim for 20% ROE by FY28.
The announcement provides a detailed update on financial performance, business development, and future outlook, including key financial metrics and strategic targets. This information is crucial for investors and analysts in evaluating the company's performance and future prospects.
The company reported strong year-on-year growth in booking value and collections, exceeding expectations and achieving a significant portion of its business development guidance. Despite a temporary dip in net profit due to project completion timing, the outlook for cash flow and future profitability remains positive.
Godrej Properties Limited has released the transcript of its conference call with investors and analysts held on August 4, 2026, following the declaration of its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.
During the call, the company reported a booking value of ₹8,651 crore for Q1 FY27, marking a 22% year-on-year growth and selling 3,738 homes across 6.2 million square feet. This achievement extends their streak of exceeding ₹7,000 crore in booking value for six consecutive quarters. Key project launches like Godrej Vanantara (₹3,237 crore sales), Godrej Samaris (₹1,248 crore sales), and Godrej Brooklyn Avenue (₹300 crore sales in June) significantly contributed to this performance. Bengaluru led booking contributions at 44%, followed by MMR (21%), NCR (18%), Pune (11%), and Hyderabad (5%). The company achieved 22% of its annual booking value guidance for FY27.
Collections for the quarter stood at ₹4,348 crore, an 18% year-on-year increase, though operating cash flow saw a decline of 58% to ₹399 crore due to a 41% increase in direct construction spend. However, the company expects operating cash flow to rise significantly in the remainder of the year, aiming for approximately ₹9,000 crore for the full year.
Godrej Properties added three new projects with an estimated saleable area of 8 million square feet and a booking value of ₹9,500 crore, achieving 48% of its annual business development guidance in Q1. For the quarter, total income declined by 16% to ₹1,337 crore, EBITDA fell by 40% to ₹545 crore, and net profit decreased by 42% to ₹350 crore, attributed to a single project completion.
The company remains on track for 13.5 million square feet of delivery in the full year and aims for a 20% Return on Equity (ROE) in FY28. Management expressed confidence in delivering another strong year, citing a robust launch pipeline and a strong balance sheet.
Discussions also covered market dynamics, with Bangalore and Hyderabad showing strong performance. Management addressed cost inflation, noting that while some wage increases and material costs have risen, steel costs have decreased. They are observing encouraging signs in supply chain normalization. The company is focused on its strategic KPIs for top management, including cash collection, imputed profits, reported profits, and Net Promoter Score, emphasizing quality customer service and long-term brand enhancement.
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