Godrej Properties Q4 Results: Revenue Up 49%, Expects FY26 Bookings Of Rs 32,500 Crore

Godrej Properties Ltd.'s profit was down 18.9% in the quarter ending in March. The real estate developer's profit declined 18.9% year-on-year to Rs 382 crore for the January-March period, from Rs 471 crore in the corresponding quarter in the year-ago period.

Its revenue from operations rose 49% to Rs 2,122 crore, as compared with Rs 1,427 crore during the same quarter last year.

• Revenue up 48.77% to Rs 2,122 crore versus Rs 1,427 crore

• Ebitda down 10.42% to Rs 110 crore versus Rs 123 crore

• Margin contracted 342 basis points to 5.18% versus 8.6%.

• Net profit down 18.94% to Rs 382 crore versus Rs 471 crore

• Booking value grew 7% YoY to Rs 10,163 crore.

• Sales volume down 8% YoY to 7.52 mn sq ft

• Collections up 48% to Rs 6,961 crore

• Operating cash flow up 55% to Rs 4,047 crore

• Launch value stood at Rs 36,600 crore vs Rs 30,000 crore guidance.

• Booking value stood at Rs 29,444 crore vs Rs 27,000 crore guidance.

• Customer collections stood at Rs 17,047 crore vs Rs 15,000 crore guidance.

• Deliveries stood at 18.4 mn sq ft vs 15 mn sq ft guidance.

• Business Development stood at Rs 26,450 crore vs 20,000 crore guidance.

The company exceeded launch guidance by 22%, booking value guidance by 9%, collections guidance by 14%, delivery guidance by 23% and business development guidance by 32% in FY25.

• Expect launches worth Rs 40,000 crore vs Rs 36,600 crore.

• Booking value expected of Rs 32,500 crore vs Rs 29,444 crore

• Customer collections expected of Rs 21,000 crore vs Rs 17,047 crore

• Deliveries expected of 10 mn sq ft vs 18.4 mn sq ft

• Business development is expected at 20,000 crore vs Rs 26,450 crore.

Shares of Godrej Properties were trading 1% higher at Rs 2,183.60 apiece on the NSE, as compared with a 0.2% fall in the benchmark Nifty 50 after the results were announced.