Godrej Properties Limited (GPL), a leading national real estate developer, announced its consolidated financial results for the third quarter ended December 31, 2025, reporting strong growth in booking value, collections, and profitability.
The company’s booking value grew 55% year-on-year to ₹8,421 crore in Q3 FY26 and 25% year-on-year to ₹24,008 crore in the nine months ended December 2025. Collections increased 40% year-on-year to ₹4,282 crore in Q3 FY26, while nine-month collections grew 19% to ₹12,018 crore.
Godrej Properties delivered its highest-ever third-quarter and nine-month net profit of ₹195 crore and ₹1,200 crore, respectively.
During Q3 FY26, the company achieved booking value of ₹8,421 crore through the sale of 3,973 homes with a total area of 6.43 million sq. ft. For the nine-month period, booking value of ₹24,008 crore was achieved through the sale of 12,726 homes aggregating 19.74 million sq. ft. This marked the highest-ever Q3 and nine-month booking value recorded by the company.
GPL delivered more than ₹7,000 crore of booking value for the fourth consecutive quarter and over ₹5,000 crore for the tenth consecutive quarter. The company achieved 74% of its annual booking value guidance and remains on track to surpass its FY26 guidance of ₹32,500 crore.
The Mumbai Metropolitan Region contributed ₹3,239 crore, or 38%, to Q3 FY26 booking value, driven by the successful launch of Godrej Trilogy at Worli, which achieved ₹1,742 crore in booking value during the quarter. The company launched 11 new projects and phases across nine cities during the quarter.
Q3 FY26 collections stood at ₹4,282 crore, while nine-month collections were ₹12,018 crore. Operating cash flow grew 73% year-on-year to ₹1,062 crore in Q3 FY26, while nine-month operating cash flow declined 7% to ₹3,199 crore. Direct construction spend increased 66% year-on-year during the nine-month period.
In terms of business development, Godrej Properties added three new projects in Q3 FY26 with an estimated saleable area of 7.30 million sq. ft. and expected booking value of ₹8,400 crore. In the nine-month period, the company added 12 new projects with an estimated saleable area of 22.36 million sq. ft. and expected booking value of ₹24,650 crore, achieving 123% of its annual guidance within nine months.
The company delivered projects aggregating approximately 1.7 million sq. ft. across three cities in Q3 FY26. Godrej Properties was included in the Leadership Index of CDP with an ‘A’ rating in 2025 and was recognised as a supply chain leader in CDP’s Supplier Engagement Assessment, with inclusion in the A-list for the 2024 disclosure cycle. The company also received approval and validation from the Science Based Targets initiative on its near-term, long-term and Net Zero goals in December 2025.
Godrej Properties received 42 awards during Q3 FY26. Promoters increased their stake by 0.5% in FY26 year-to-date through open market purchases amounting to ₹300 crore.
Commenting on the performance of Q3 FY2026, Mr. Pirojsha Godrej, Executive Chairperson, Godrej Properties Limited, said:
“Godrej Properties delivered another solid quarter for bookings and earnings. The company has achieved a remarkable increase in scale in the past four years. We are pleased that this sales growth is spread across the markets we are operating in and was on the back of strong volumes and pricing growth. The equity capital of INR 6,000 crore we raised through a QIP last financial year combined with the operating cash flow we are generating will enable us to continue to invest for growth. With a robust launch pipeline, strong balance sheet, and resilient demand, we are confident of ending FY26 as our best ever year across all key operating metrics and of delivering sustained high-quality performance in the years ahead.”
On the financial front, total income declined 17% year-on-year to ₹1,020 crore in Q3 FY26. EBITDA grew 21% to ₹338 crore, while net profit rose 20% to ₹195 crore. Earnings per share stood at ₹6.48 compared to ₹5.70 in Q3 FY25.
For the nine-month period, total income grew 7% to ₹4,480 crore, EBITDA increased 40% to ₹1,867 crore, and net profit rose 18% to ₹1,200 crore. Earnings per share for the period stood at ₹39.85 compared to ₹36.29.
