Godrej Properties Limited
11,328words
4turns
0analyst exchanges
0executives
Key numbers — 40 extracted
rs,
7 billion
20 billion
rs
25
₹ 1
1 billion
13%
24%
25%
2.5 billion
78 million
250 million
Guidance — 20 items
Legends
opening
“saleable area since FY182 • Development Management Agreement with Godrej & Boyce for its large Vikhroli landholding Sales and Execution Capability • India’s largest real estate developer by booking value, booking volume and collections in both FY25 & FY26 • Fastest growing large company across sectors in FY243 • Successfully delivered ~78 million sq.”
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“• 62% increase YoY in direct construction spend in FY26 • Industry leading initiatives to establish long term partnership with execution stakeholders, while enhancing innovation • Mobilizing labour strength through tech led initiatives.”
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“95% projects acquired between FY23-FY25 are launched with balance in pipeline for launch in H1FY27.”
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“33% projects acquired in FY26 also launched.”
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“• GPL has achieved 105% of its annual guidance for booking value for FY26.”
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“Sales • Booking value has grown at a CAGR of 41% in the past 3 years.”
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“Highlights • FY26 is the 9th consecutive year in which GPL has delivered growth in booking value • The company’s sales were well diversified geographically, with key contributions from major residential markets: MMR (INR 10,312 crore), Bengaluru (INR 8,801 crore), NCR (INR 7,412 crore), Pune (INR 3,659 crore), Hyderabad (INR 2,360 crore) and Others (INR 1,627 crore).”
Legends
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“• FY26 collections stood at INR 19,965 crore representing a YoY growth of 17% and a 3-year CAGR of 30%.”
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“• GPL achieved 95% of its annual guidance for collections for FY26.”
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“• Direct construction spend increased by 62% in FY26.”
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Risks & concerns — 2 flagged
The margins will fluctuate depending on changes in project mix *I-RoCE & I-RoE calculation in FY25 with QIP capital factors only part impact of QIP as capital employed and networth numbers are based on average of opening and closing values.
— Legends
Full impact of QIP therefore will be seen from FY26.
— Legends
Speaking time
1
1
1
1
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Opening remarks
Legends
Total Saleable Area (million sq. ft.): 250 No. of projects: 123 (As of March 31st, 2026) Strengths Godrej Brand • Over 1 billion people globally use a Godrej Industries Group product1 • Godrej Properties ranked as the most trusted real estate brand in the 2023 Brand Trust Report • GPL brings the Godrej brand’s reputation for trust, quality and corporate governance to the real estate sector Effective Land Sourcing Model • Competitive advantage in sourcing and executing outright/joint development projects with higher economic interest • Capital efficient and high ROE development model Strong Project Pipeline • Added 98 residential projects with ~187 million sq. ft. saleable area since FY182 • Development Management Agreement with Godrej & Boyce for its large Vikhroli landholding Sales and Execution Capability • India’s largest real estate developer by booking value, booking volume and collections in both FY25 & FY26 • Fastest growing large company across sectors in FY243 • Successfully d
GPL Economic Interest
Profit share – 49% Godrej Meridien, NCR 0.39 million sq. ft. GPL Economic Interest : 20% Godrej Nurture (Mamurdi), Pune 0.30 million sq. ft. GPL Economic Interest : 100% owned project
Plotted Projects which received OC
SN Particulars Area (Million Sq. Ft.) GPL’s Economic Interest 1 2 3 4 5 6 7 Godrej Greenview Estate, Indore Godrej Heritage Estate, Baroda Godrej Zen Estate, Kolkata Verdania Estate, Indore Godrej Woodside Estate, MMR Evora Estate, Panipat Godrej Golf Side Estate, MMR 1.16 0.88 0.75 0.62 0.53 0.44 0.23 100% owned project 100% owned project 100% owned project 100% owned project 100% owned project 100% owned project 100% owned project Delivery represents receipt of occupancy certificate from competent authorities 34 | Godrej Properties | Results Presentation Q4 FY26 Awards & recognition Received 14 awards in Q4 FY26 Illustrative list of awards Godrej Properties • Business World India’s Most Sustainable Companies Award 2026 Ranked number 1 in Real Estate Sector and Number 25 overall in India • IGBC Green Champion for Driving Net Zero Movement in India, 2025 • League of American Communication Professional (LACP) Vision Award Winner – Platinum Category Project Awards • The Economic Times Re
Notes
Total Income = Sales & Operating Income + Other Income + Share of profit/loss in Joint Venture Adjusted EBITDA = EBITDA + interest included in cost of sale EBITDA = PBT (before exceptional items) + Interest + Depreciation + Share of profit in Joint Venture PBT = PBT (before exceptional items) + share of profit in Joint Venture PAT = Net profit after minority interest Note: All Numbers as per Ind AS Cashflow statement Notes Particulars Q4 FY26 Operating cashflow Total operating cash inflow1 Operating cash outflow Construction & related outflow Other project related outflow Total operating cash outflow Net operating cashflow Financial cashflow Interest, Corporate Taxes & Other Outflow Net financial cashflow Capital cashflow Land, approval & capital outflow Advance to JV Partners Net capital cashflow A B C (A+B+C) D Net cashflow Adjustment for JV projects2 (A+B+C+D) Total net GPL cashflow E Ind AS Adjustments (A+B+C+D+E) (Increase) / Decrease in Net Debt under Ind AS 8,789 -1,966 -2,193 -
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