+
Godrej Properties Targets Rs 200 bn Cash Flow By March 2028
ECONOMY & POLICY

Godrej Properties Targets Rs 200 bn Cash Flow By March 2028

Godrej Properties Ltd said it will generate Rs 200 billion (Rs 200 bn) of operating cash flow between the current and the next fiscal to March 2028, enabling continued investment in business expansion. The executive chair told PTI that operating cash flow, while weak in the June quarter, is set to expand rapidly over the next seven quarters. That expansion is expected to provide capacity to invest for growth and aim for free cash flow positivity next year.

Sales bookings rose 22 per cent to Rs 86.51 bn in the April to June quarter, marking the sixth consecutive quarter with more than Rs 70 bn in booking values. The company sold 3,738 units with a total area of 6.2 million square feet (6.2 mn sq ft) during the quarter. Management indicated it is on track to meet or exceed guidance across sales bookings, launches, collections and land acquisition and reaffirmed a target return on equity of 20 per cent for the next fiscal.

Spending on construction and related activities rose 54 per cent year on year to Rs 22.44 bn in the first quarter as the developer ramped up execution capabilities. The company delivered 12.1 mn sq ft in 2025-26 and has set a target to deliver 13.5 mn sq ft in 2026-27. The June quarter remained weak for deliveries with 0.9 mn sq ft completed, but management maintained the annual delivery target.

The firm reported consolidated net profit of Rs 3.49 bn for the quarter ended June, a decline of 42 per cent on lower income, and total income fell to Rs 13.45 bn from Rs 16.20 bn a year earlier owing to limited revenue recognition due to fewer deliveries. The developer sold properties worth Rs 341.71 bn in 2025-26 and has set a sales bookings target of Rs 390 bn for the current fiscal. Since fiscal 2018 it has delivered 79 mn sq ft and holds 258 mn sq ft of developable area, focusing on five cities.

Godrej Properties Ltd said it will generate Rs 200 billion (Rs 200 bn) of operating cash flow between the current and the next fiscal to March 2028, enabling continued investment in business expansion. The executive chair told PTI that operating cash flow, while weak in the June quarter, is set to expand rapidly over the next seven quarters. That expansion is expected to provide capacity to invest for growth and aim for free cash flow positivity next year. Sales bookings rose 22 per cent to Rs 86.51 bn in the April to June quarter, marking the sixth consecutive quarter with more than Rs 70 bn in booking values. The company sold 3,738 units with a total area of 6.2 million square feet (6.2 mn sq ft) during the quarter. Management indicated it is on track to meet or exceed guidance across sales bookings, launches, collections and land acquisition and reaffirmed a target return on equity of 20 per cent for the next fiscal. Spending on construction and related activities rose 54 per cent year on year to Rs 22.44 bn in the first quarter as the developer ramped up execution capabilities. The company delivered 12.1 mn sq ft in 2025-26 and has set a target to deliver 13.5 mn sq ft in 2026-27. The June quarter remained weak for deliveries with 0.9 mn sq ft completed, but management maintained the annual delivery target. The firm reported consolidated net profit of Rs 3.49 bn for the quarter ended June, a decline of 42 per cent on lower income, and total income fell to Rs 13.45 bn from Rs 16.20 bn a year earlier owing to limited revenue recognition due to fewer deliveries. The developer sold properties worth Rs 341.71 bn in 2025-26 and has set a sales bookings target of Rs 390 bn for the current fiscal. Since fiscal 2018 it has delivered 79 mn sq ft and holds 258 mn sq ft of developable area, focusing on five cities.

Related Stories

Gold Stories

Next Story
Technology

UniSteps Launches BcStep for Construction Industry

UniSteps Consulting has launched BcStep, a Business Operating Network (BON) designed to bring project information, communication, tasks and workflows onto a single digital platform for the construction industry.The platform is aimed at connecting developers, architects, consultants, project management consultants, contractors, suppliers and internal teams. BcStep integrates enterprise resource planning (ERP), human resource management (HRM), chat, email and task management within one ecosystem.The company said the platform is designed to reduce time spent searching across multiple systems, man..

Next Story
Equipment

bauma ConExpo Exclusive: We are building an ecosystem around the machine: Rentease

- Inputs by Meghraj Singh, Chairman and Managing Director, RenteaseHow has RentEase evolved from a rental company into a manufacturing business?RentEase started as a rental company in 2017, after we acquired a Bangalore-based company with around 70–75 machines. Over the years, our experience on the ground helped us understand what customers actually need. We realised that they are not simply looking for a machine but for a complete equipment ecosystem.This led us to develop our own machines under the RE brand, with the concept of ‘Make it easy for our customers’. We are designing eq..

Next Story
Equipment

bauma ConExpo Exclusive: Vector can deliver a floor in five to seven days: Eastman

-Inputs by Ashish Dhir, Chief Operating Officer, Eastman ImpexWhat were the key products showcased by Eastman Impex at Bauma CONEXPO India 2026?As we celebrate 30 years of the Eastman Group, we are expanding our scaffolding and formwork portfolio with the launch of Vector, our brand for aluminium monolithic formwork systems.The system addresses the growing demand from high-rise residential projects, particularly in Tier 1 and Tier 2 cities. With more high-rise developments coming up, there is a strong need for formwork systems that enable faster construction.What differentiates Vector from con..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code