Godrej Properties Q2 FY27 Bookings at ₹8,008 Cr, Up 83% YoY for Sustenance Sales
Godrej Properties reported Q2 FY27 bookings of ₹8,008 crore and H1 FY27 bookings of ₹16,659 crore. Sustenance sales grew 83% YoY in Q2 FY27. Collections rose 31% YoY to ₹5,318 crore in Q2 FY27. Operating cash flow was ₹1,584 crore in Q2 FY27. Total income increased 38% to ₹2,575 crore, but net profit declined 62% to ₹154 crore.
The announcement provides detailed financial results for the quarter and half-year, including key operational metrics like bookings, sales, collections, and cash flow, along with management commentary and future outlook, which are material for investors.
The company reported strong operational performance with significant year-on-year growth in bookings, sustenance sales, collections, and operating cash flow, despite a decline in net profit. The management expressed confidence in future performance and achieving guidance.
Godrej Properties Limited (GPL) announced its financial results for the second quarter ended September 30, 2026, reporting a booking value of ₹8,008 crore in Q2 FY27, achieved through the sale of 3,658 units spanning 6.2 million sq. ft. For the first half of FY27 (H1 FY27), the booking value grew 7% year-on-year to ₹16,659 crore, marking the highest ever H1 booking value for the company. Sustenance sales showed exceptional growth, increasing by 83% year-on-year and 43% quarter-on-quarter in Q2 FY27, contributing ₹5,054 crore. Sustenance sales for H1 FY27 grew by 55% year-on-year. Collections in Q2 FY27 grew by 31% year-on-year to ₹5,318 crore, and for H1 FY27, collections grew by 25% year-on-year to ₹9,666 crore. Operating cash flow in Q2 FY27 saw a significant increase of 297% quarter-on-quarter and 33% year-on-year, reaching ₹1,584 crore, with H1 FY27 operating cash flow at ₹1,983 crore. Construction and related outflows increased by 42% year-on-year in H1 FY27. GPL added one new project in Q2 FY27 with an estimated booking value of ₹6,000 crore, and four new projects in H1 FY27 with an estimated booking value of ₹15,500 crore, achieving 78% of its full-year guidance. The company also delivered 2.5 million sq. ft. of projects in Q2 FY27. In recognition of its sustainability efforts, Godrej Properties was ranked #1 globally by the Global Real Estate Sustainability Benchmark (GRESB) for the second consecutive year in 2026 and received the Green Champion of the Year Award by NDTV. Commenting on the performance, Mr. Pirojsha Godrej, Chairperson, stated that while headline earnings appear muted, Q2 was a strong operating quarter driven by sustenance sales and cash collections. He expressed confidence in surpassing full-year guidance due to a strong launch pipeline and anticipates ₹15,000 crore of collections and ₹7,000 crore of operating cash flow in H2 FY27, aiming for positive free cash flow and a 20% reported ROE in FY28. Financially, for Q2 FY27, total income grew by 38% to ₹2,575 crore, while EBITDA declined by 72% to ₹171 crore, and Net Profit declined by 62% to ₹154 crore. For H1 FY27, total income grew by 13% to ₹3,912 crore, with EBITDA declining by 53% to ₹717 crore and Net Profit declining by 50% to ₹504 crore.
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