Godrej Properties Q3 FY26: Bookings Surge 55% to ₹8,421 Cr, Profit Up 20% to ₹195 Cr
Godrej Properties reported a 55% year-on-year increase in Q3 FY26 bookings to ₹8,421 crore, with net profit up 20% to ₹195 crore. For the first nine months of FY26, bookings reached over ₹24,000 crore. Collections grew 40% in Q3 to ₹4,282 crore. The company added 3 new projects in Q3, valued at ₹8,400 crore.
The significant increase in bookings and profits, along with positive commentary on market conditions and future growth, is expected to have a material positive impact on investor sentiment and the company's stock performance.
The company reported strong year-on-year growth in bookings, profits, and collections, exceeding previous performance metrics and providing positive future outlooks.
Godrej Properties Limited (GPL) announced a strong performance for the third quarter and nine months ended December 31, 2025. The company reported its highest ever Q3 and 9-month net profit, with Q3 FY26 profit growing 20% year-on-year to ₹195 crore and the 9-month profit rising 18% to ₹1,200 crore.
Bookings in Q3 FY26 surged by 55% year-on-year to ₹8,421 crore, driven by the sale of approximately 4,000 homes spanning 6.4 million square feet. For the first nine months of FY26, booking value increased by 25% year-on-year to over ₹24,000 crore, with 12,726 homes sold across 20 million square feet. GPL has achieved 74% of its annual booking value guidance of ₹32,500 crore.
Collections in Q3 FY26 grew by 40% year-on-year to ₹4,282 crore, and for the 9-month period, collections increased by 19% to over ₹12,000 crore. The company anticipates strong Q4 performance with a significant ramp-up in deliveries and collections, aiming to meet its full-year guidance of ₹21,000 crore for collections.
Operating cash flow in Q3 FY26 grew by 73% year-on-year to ₹1,062 crore, though it declined 11% quarter-on-quarter. For the 9-month period, operating cash flow declined by 7% to ₹3,199 crore, attributed to a 66% increase in direct construction spend. GPL expects robust operating cash flow in Q4 linked to deliveries and anticipates surpassing its FY25 operating cash flow.
In terms of business development, GPL added three new projects in Q3 FY26 with an estimated salable area of 7.3 million square feet and expected booking value of ₹8,400 crore. For the 9 months, 12 new projects were added, with an estimated salable area of 22 million square feet and expected booking value of nearly ₹25,000 crore.
Godrej Properties was recognized globally, ranking number one in the real estate and management sector on the S&P Global Dow Jones Best in class Indices for 2025. It also received an A rating from CDP and was included in its Leadership Index.
Management commentary highlighted a maturing market appreciating product quality and location, with demand remaining strong across segments. The company is focused on a calibrated business development strategy, leveraging its substantial inventory and strong balance sheet. GPL aims to continue its growth trajectory, supported by a robust launch pipeline and resilient demand, with a target of delivering 10 million square feet in Q4 FY26.
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