Best-ever quarter for sustenance sales growing 83% YoY and 43% QoQ in Q2 FY27. Sustenance sales grew 55% in H1 FY27.
Collections grew by 31% YoY to INR 5,318 crores in Q2 FY27 and grew 25% YoY to INR 9,666 crores in H1 FY27.
Operating cash flow grew by 297% QoQ and 33% YoY to INR 1,584 crores in Q2 FY27. Operating cash flow in H1 FY27 was INR 1,983 crores.
Construction and related outflow grew by 42% in H1 FY27.
Godrej Properties Limited (GPL), a leading national real estate developer, announced its financial results for the second quarter ended September 30, 2026.
CORPORATE HIGHLIGHTS:
Sales highlights
Godrej Properties’ achieved a booking value of INR 8,008 crores in Q2 FY27. This was achieved through the sale of 3,658 units with a total area of 6.2 million sq. ft.
H1 FY27 booking value grew 7% YoY to INR 16,659 crore. This was achieved through the sale of 7,396 units with a total area of 12.3 million sq. ft. This is the highest ever H1 booking value achieved by Godrej Properties.
Best-ever quarter for sustenance sales growing 83% YoY and 43% QoQ in Q2 FY27. Sustenance sales grew 55% in H1 FY27. 3 projects contributed more than INR 500 crores to sustenance sales in the quarter - Godrej Trilogy in MMR, Godrej Vanantara in Bengaluru and Godrej Samaris in Gurugram.
Sales in Q2 FY27 were also driven by strong demand in some key new project launches including Godrej Crown Residences, Noida (INR 1,036 crores), Godrej Regent Park (INR 463 crores) and Godrej Florenne (INR 142 crores) in Bengaluru, and 2 plotted projects – Rivershore Estate, Nagpur (INR 310 crores) and Greenvale Estate, Raipur (INR 276 crores). Godrej Brooklyn Avenue, Hyderabad, launched towards the end of first quarter also contributed INR 727 crores to bookings.
This performance was driven by a broad and diversified portfolio, with contributions by 5 individual projects of more than INR 500 crore and 6 individual projects of INR 200-500 crore to the booking value during the quarter.
The company’s sales were well diversified geographically, with key contributions from major residential markets: NCR (INR 1,926 crore), MMR (INR 1,899 crore), Bengaluru (INR 1,564 crore), Pune (INR 976 crore), Hyderabad (INR 782 crore) and Others (INR 861 crore) during the quarter.
This is the 7th consecutive quarter in which GPL delivered more than INR 7,000 crores of booking value and 13th consecutive quarter in which GPL has delivered more than INR 5,000 crore of booking value.
Collections and cashflow highlights
Highest ever second quarter and first half collections – collections grew 31% in Q2 FY27 to INR 5,318 crores and grew 25% in H1 FY27 to INR 9,666 crores.
Operating Cashflow in Q2 FY27 grew 297% QoQ and 33% YoY to INR 1,584 crore. With this Godrej Properties has achieved OCF of INR 1,983 crores in H1 FY27.
Construction and related outflow increased by 31% YoY in Q2 FY27 and by 42% YoY in H1 FY27.
Business development highlights
GPL has added 1 new project with an estimated saleable area of approximately 1.1 million sq. ft. and expected booking value of INR 6,000 crore in Q2 FY27.
GPL has added 4 new projects with an estimated saleable area of ~9.1 million sq. ft. and expected booking value of INR 15,500 crore in H1 FY27, achieving 78% of its full year guidance.
Other highlights
GPL has delivered 2.5 million sq. ft. of projects in Q2 FY27.
Godrej Properties is ranked #1 globally with a score of 100/100 by the Global Real Estate Sustainability benchmark (GRESB) for the second consecutive year in 2026.
Godrej Properties received Green Champion of the year Award by NDTV.
GPL received 59 awards in Q2 FY27.
Commenting on the performance of Q2 FY27, Mr. Pirojsha Godrej, Chairperson, Godrej Properties Limited, said:
“While some of the headline earnings and bookings numbers for the quarter look muted, Q2 was a very strong operating quarter with sustenance sales growth of 83% YoY to INR 5,054 crore and cash collections growth of 31% YoY to INR 5,318 crore. We only launched one third of our expected annual launch pipeline in the first half of the financial year and were still able to deliver 43% of our annual bookings guidance highlighting the continued strength of underlying demand in the sector.
Our launch pipeline has never been stronger and with launches picking up substantially from this month onwards, we remain confident of surpassing our full year guidance across all key operating metrics. We are especially focused on generating strong cash flows and expect INR 15,000 crore of collections and INR 7,000 crore of operating cash flow in H2 FY27. This will allow us to both invest for continued growth while being free cash flow positive for the period. FY 28 is an important year for the company where the exceptional growth of the past few years becomes apparent in the reported financials under project completion accounting. We expect to deliver both positive free cash flow and a 20% reported ROE in FY28.
We remain extremely excited about the opportunity ahead and will seek to continue to gain market share through outstanding design, timely delivery, and high quality developments.”
Financial Overview (Consolidated)
Q2 FY27 performance overview compared with Q2 FY26
Total Income grew by 38% to INR 2,575 crore as compared to INR 1,867 crore
EBITDA declined by 72% to INR 171 crore as compared to INR 614 crore
Net Profit declined by 62% to INR 154 crore as compared to INR 405 crore
EPS# amounted to INR 5.12 as compared to INR 13.45
#not annualised
H1 FY27 performance overview compared with H1 FY26
Total Income grew by 13% to INR 3,912 crore as compared to INR 3,460 crore
EBITDA declined by 53% to INR 717 crore as compared to INR 1,529 crore
Net Profit declined by 50% to INR 504 crore as compared to INR 1,005 crore
EPS# amounted to INR 16.74 as compared to INR 33.37
#not annualised
About Godrej Properties Limited:
At Godrej Properties, we are driven by a singular purpose: crafting joy. Over 100,000 families have found a home with us, making us India’s largest residential developer by both value and volume of homes sold. As part of the Godrej Industries Group, we combine a 129-year legacy of trust and excellence with a forward-looking vision to shape the future of urban India.
Our approach is anchored in thoughtful design, sustainability, thriving communities, and uncompromising quality. As of December 2025, we were ranked the number one real estate company worldwide on both the Dow Jones Best-in-Class Sustainability Indices and the Global Real Estate Sustainability Benchmark.
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