Godrej Properties Reports 21% Profit Growth in Q2 Despite Revenue Dip, Bookings Surge 64%

Real Estate

Updated on 06 Nov 2025, 07:50 am

Reviewed By

Akshat Lakshkar | Whalesbook News Team

Short Description :

Godrej Properties saw its net profit rise by 21% year-on-year to ₹405 crore for the September quarter. However, revenue declined by 32% to ₹740 crore, and the company reported an EBITDA loss of ₹513 crore. Despite these challenges, the company's booking value surged by 64% year-on-year to ₹8,505 crore, achieving 48% of its FY26 annual guidance in just the first half. Collections and area sold also showed strong growth.

Godrej Properties Reports 21% Profit Growth in Q2 Despite Revenue Dip, Bookings Surge 64%

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Stocks Mentioned :

Godrej Properties Limited

Detailed Coverage :

Godrej Properties announced its financial results for the September quarter, reporting a 21% year-on-year increase in net profit, reaching ₹405 crore compared to ₹335 crore in the same period last year. Conversely, the company's revenue saw a significant decrease of 32%, falling to ₹740 crore from ₹1,093 crore year-on-year. Adding to the mixed results, Godrej Properties reported an EBITDA loss of ₹513 crore, a sharp contrast to the ₹32 crore EBITDA in the previous year's quarter.

Despite the revenue and EBITDA figures, the company demonstrated robust growth in its sales pipeline. The total booking value for the quarter jumped by 64% year-on-year and 20% sequentially to ₹8,505 crore. This performance means the company has already achieved 48% of its total financial year 2026 (FY26) booking guidance of ₹32,500 crore within the first six months of the fiscal year. Collections for the quarter increased by 2% year-on-year to ₹4,066 crore, and the area sold grew by 39% year-on-year to 7.14 million square feet.

Pirojsha Godrej, Executive Chairperson, highlighted the company's increased scale and stated that the ₹6,000 crore equity capital raised via a Qualified Institutional Placement (QIP) last year, combined with operating cash flow, will fund continued growth investments. He expressed confidence in surpassing the FY26 booking value guidance and delivering sustained high-quality performance.

Impact This news has a mixed impact on Godrej Properties' stock. While the profit growth and strong booking momentum are positive indicators for future revenue, the decline in current revenue and EBITDA loss could concern short-term investors. The market's reaction saw shares trading lower post-announcement. The overall impact on the stock is a mixed signal, rating of 5/10.

Difficult Terms: EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure of a company's operating performance, indicating profitability before accounting for financing decisions, accounting decisions, and tax environments. QIP: Qualified Institutional Placement. It is a method of raising capital by a listed company through the issue of shares or convertible securities to qualified institutional buyers.