GPGodrej Properties533150Quarterly results

Q2 FY27 press release: bookings INR 8,008 crore, net profit down 62%

Godrej Properties' Q2 FY27 press release shows bookings of INR 8,008 crore and H1 bookings of INR 16,659 crore.

By ScoutQuest · Fri 23 Oct 2026, 12:36 PM IST · 3 min read

Q2 Bookings

INR 8,008 crore; H1 bookings INR 16,659 crore

Q2 Collections

INR 5,318 crore, up 31% YoY

Q2 Net Profit

INR 154 crore, down 62%; EBITDA INR 171 crore, down 72%

Bookings and sales

• Q2 FY27 booking value was INR 8,008 crore from the sale of 3,658 units, covering a total area of 6.2 million sq. ft.
• H1 FY27 booking value grew 7% YoY to INR 16,659 crore from the sale of 7,396 units across 12.3 million sq. ft., described as the highest ever H1 booking value for the company.
• Sustenance sales grew 83% YoY and 43% QoQ in Q2 FY27, and 55% in H1 FY27. Three projects contributed more than INR 500 crore each to sustenance sales in the quarter.
• New launches that added to Q2 sales included Godrej Crown Residences, Noida (INR 1,036 crore), Godrej Regent Park (INR 463 crore) and Godrej Florene (INR 142 crore) in Bengaluru, plus plotted projects Rivershore Estate, Nagpur (INR 310 crore) and Greenvale Estate, Raipur (INR 276 crore). Godrej Brooklyn Avenue, Hyderabad contributed INR 727 crore.
• Geography-wise, Q2 contributions were NCR INR 1,926 crore, MMR INR 1,899 crore, Bengaluru INR 1,564 crore, Pune INR 976 crore, Hyderabad INR 782 crore and Others INR 861 crore.

Cash and costs

• Collections grew 31% YoY to INR 5,318 crore in Q2 FY27 and 25% YoY to INR 9,666 crore in H1 FY27.
• Operating cash flow grew 297% QoQ and 33% YoY to INR 1,584 crore in Q2 FY27; H1 FY27 operating cash flow was INR 1,983 crore.
• Construction and related outflow increased by 31% YoY in Q2 FY27 and by 42% YoY in H1 FY27.

Reported profit numbers

Q2 FY27 compared with Q2 FY26

• Total income grew 38% to INR 2,575 crore from INR 1,867 crore.
• EBITDA declined 72% to INR 171 crore from INR 614 crore.
• Net profit declined 62% to INR 154 crore from INR 405 crore.
• EPS was INR 5.12 against INR 13.45.

H1 FY27 compared with H1 FY26

• Total income grew 13% to INR 3,912 crore from INR 3,460 crore.
• EBITDA declined 53% to INR 717 crore from INR 1,529 crore.
• Net profit declined 50% to INR 504 crore from INR 1,005 crore.
• EPS was INR 16.74 against INR 33.37.

Business development

• One new project was added in Q2 FY27 with estimated saleable area of about 1.1 million sq. ft. and expected booking value of INR 6,000 crore.
• Four new projects were added in H1 FY27 with estimated saleable area of about 9.1 million sq. ft. and expected booking value of INR 15,500 crore, which the company said is 78% of its full-year guidance.
• 2.5 million sq. ft. of projects were delivered in Q2 FY27.

What management said

The Chairperson's statement noted that some headline earnings and bookings numbers for the quarter look muted, while calling Q2 a strong operating quarter on sustenance sales growth of 83% YoY to INR 5,054 crore and collections growth of 31% YoY to INR 5,318 crore. The company said it launched one third of its expected annual launch pipeline in the first half and still delivered 43% of its annual bookings guidance.

For H2 FY27 it expects collections of INR 15,000 crore and operating cash flow of INR 7,000 crore, and for FY28 it expects positive free cash flow and a 20% reported ROE.

The release carries a disclaimer that some statements are forward looking and actual results may differ.

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