ScoutQuest23 Oct 2026
Godrej Properties533150Quarterly results

Godrej Properties Q2 FY27: H1 bookings up 7% to INR 16,659 crore, guides H2 bookings of INR 22,500-25,000 crore

H1 FY27 bookings up 7% to INR 16,659 crore and collections up 25%, but Q2 net profit fell 62% to INR 154 crore.

By ScoutQuest · · 1 min read

INR 16,659 crore
Q2 FY27INR 8,008 croresH1 FY27INR 16,659 crore
Booking value: INR 8,008 crores (Q2 FY27) and INR 16,659 crore (H1 FY27).
H1 FY27 bookings
INR 16,659 crore, up 7% YoY
Q2 FY27 net profit
INR 154 crore versus 405 a year earlier (-62%)
FY27 bookings growth guidance
15-20%
Period
Q2 FY27
Positioning
Godrej Properties says it is India's largest developer by booking value for a third consecutive year, #1 or #2 among listed players in each of the five largest markets.

📉 H1 FY27 booking value rose 7% YoY to INR 16,659 crore, the highest ever H1, while Q2 bookings fell 6% YoY to INR 8,008 crore as some launches slipped to Q3. Customer collections grew 31% in Q2 to INR 5,318 crore and 25% in H1 to INR 9,666 crore.

💰 Reported profits weakened: Q2 FY27 net profit after tax was INR 154 crore versus 405 a year earlier (-62%), and H1 PAT was INR 504 crore (-50%). Net debt rose to INR 7,908 crore, with net debt to equity at 0.41.

🔬 Management states it expects H2 FY27 bookings of INR 22,500-25,000 crore on roughly doubled launches of ~INR 32,000 crore, and FY27 bookings growth of 15-20%. It also expects H2 collections of ~INR 15,000 crore and OCF of ~INR 7,000 crore, saying this will make it FCF positive in H2.

🌍 The company says it intends to deliver 20% ROE from FY28 while retaining market share leadership, and its updated assessment shows all five FY27 guidance metrics on track, with business development already at 78% of the INR 20,000 crore target.

More numbers
  • Booking value, H1 FY27INR 16,659 crore
  • Booking value, Q2 FY27INR 8,008 crores
  • Customer collections, Q2 FY275,318 (INR Cr)
  • Customer collections, H1 FY279,666 (INR Cr)
  • Expected bookings, H2 FY27INR 22,500-25,000 crores
  • Operating cash flow, Q2 FY27INR 1,584 crore
  • Total income, Q2 FY272,575 (INR Crores)
  • Net profit after tax, Q2 FY27154 (INR Crores)
  • Net profit after tax, H1 FY27504 (INR Crores)
  • Net debt, 30 Sep 20267,908 (INR Cr)
  • Net debt / equity, 30 Sep 20260.41
  • Target ROE from FY2820%
Source: BSE · 23 Oct 2026

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