Godrej Properties Posts Record Annual Bookings And Cash Flows

07 May 2026 CW Team

Godrej Properties (GPL) reported its highest-ever quarterly and annual bookings, with Q4FY26 booking value reaching Rs 101.63 billion (bn) on sales of 4,789 units covering 7.3 million (mn) sq. ft. The quarter equalled the company’s previous best and rose 21 per cent quarter on quarter. This marked the fifth successive quarter above Rs 70 bn and the eleventh consecutive quarter above Rs 50 bn, reflecting broad demand across new launches and sustaining projects.

For the year, GPL recorded bookings of Rs 341.71 bn, a 16 per cent year-on-year increase, achieved through the sale of 17,513 units across about 27 mn sq. ft., a volume rise of five per cent. The company achieved 105 per cent of annual guidance for booking value and reported a three-year compound annual growth rate in bookings of 41 per cent. Geographical diversification was strong with leading contributions from the Mumbai Metropolitan Region of Rs 103.12 bn, Bengaluru Rs 88.01 bn and the National Capital Region Rs 74.12 bn.

Collections and operating cash flow also reached record levels. Q4FY26 collections were Rs 79.47 bn, up 14 per cent year on year and 86 per cent quarter on quarter, while FY26 collections were Rs 199.65 bn, up 17 per cent. Quarterly operating cash flow was Rs 46.31 bn and FY26 operating cash flow was Rs 78.30 bn, with free cash flow of Rs 6.28 bn in Q4. Direct construction spend rose 62 per cent and collections met 95 per cent of annual guidance.

Business development was the strongest on record, with 18 new projects added in FY26 totalling about 33.32 mn sq. ft. and an estimated booking potential of Rs 421.00 bn. The company added six new projects in Q4 covering about 11 mn sq. ft. and potential bookings of Rs 174.50 bn. Promoters increased their holding by five per cent in GPL and by five per cent in the holding company through strategic investments, and the board recommended a dividend of Rs 10 per share, 200 per cent.

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07 May 2026

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