GPL is India’s largest residential developer by booking value for the third consecutive financial year*
Key
Highlights:
- Booking value grew 16% to INR 34,171
crore in FY2026 and has grown at a 3-Year CAGR of 41%. This
is the highest booking value ever reported by an Indian real estate
developer in a financial year.*
- Collections grew by 17% to INR 19,965
crore in FY2026 and has grown at a 3-year CAGR of 30%. This is
the highest collections ever reported by an Indian real estate developer
in a financial year.*
·
Direct construction spend increased by 62%
in FY2026.
- Operating Cash flow increased by 5%
to INR 7,830 crore in FY2026 and has grown at a 3-year
CAGR of 30%.
- Added INR 42,100 crore of future sales
potential through portfolio additions in FY2026, achieving over 200% of
guidance and delivering YoY growth of 59%
- Delivered projects aggregating 12.1
million sq. ft. in FY2026 achieving 121% of guidance.
(*Basis the results announced till date)
Mumbai : Godrej Properties Limited (GPL) (scrip id: GODREJPROP), a
leading national real estate developer, announced key operational updates for
Q4 and FY2026.
·
Godrej Properties
delivers its highest ever quarterly and full year bookings.
o
FY2026 booking value grew 16% YoY to INR
34,171 crore. This was achieved through the sale of 17,515 units with
a total area of 27 million sq. ft., a YoY volume growth of 5%. This
is the highest ever full year booking value and volume announced by any listed
real estate developer in India to date.
o GPL has achieved 105% of its annual guidance for
booking value for FY2026.
o Booking value has grown at a CAGR of 41% in the
past 3 years.
o The company’s sales were well diversified geographically, with key
contributions from major residential markets: MMR (INR 10,313 crore),
Bengaluru (INR 8,802 crore), NCR (INR 7,410 crore), Pune (INR 3,659 crore),
Hyderabad (INR 2,360 crore) and Others (INR 1,627 crore).
o 2 zones of GPL i.e. South Zone (Bengaluru,
Hyderabad & Chennai) and Mumbai Zone (Mumbai & Indore) crossed INR
11,000 crores booking value for the first time.
o This performance was driven by a broad and diversified portfolio,
with 11 individual projects across 6 cities each
generating booking value of more than INR 1,000 crore during
the year.
o Q4FY2026 booking value was the highest
quarterly bookings ever by GPL equaling the previous best ever quarter in Q4 FY
2025 and growing 21% QoQ to INR 10,163 crores. This was achieved through
the sale of 4,791 units with a total area of 7.26
million sq. ft.
o This is the 5th consecutive quarter in which
GPL has delivered more than INR 7,000 crores of booking value
and 11th consecutive quarter in which GPL has delivered more than INR
5,000 crore of booking value.
o FY2026
is the 9th consecutive year in which GPL has delivered growth in booking
value.
·
Highest ever
quarterly and full year collections & Operating cash flow (OCF)
o Q4FY2026 collections stood at INR 7,947 crore representing
a YoY growth of 14% over its previous best ever quarter and QoQ growth of
86%. This is the highest ever quarterly collections reported by any real estate
developer in India to date.
o FY2026 collections stood at INR 19,965 crore representing a
YoY growth of 17%. This is the highest annual collections reported by any
listed real estate developer in India to date
o GPL has achieved 95% of its annual guidance for collections
for FY2026.
o Collections have grown at a CAGR of 30% in the
last 3 years.
o Direct construction spend increased by 62% in
FY2026.
o Q4FY2026 OCF stood at INR 4,631 crore representing
a YoY growth of 14% over the previous best ever quarter and a QoQ growth of 336%.
FY2026 OCF stood at INR 7,830 crore representing a
YoY growth of 5%.
o OCF has grown at a CAGR of 30% in the last 3
years.
o Free cash flow (FCF) of INR 626
crores was generated in Q4FY2026, a 5%
increase YoY.
·
Best-ever
year for business development
o
GPL has added 18
new projects in FY2026 with a total estimated saleable area of
approximately 33.32 million sq. ft. and total estimated booking value potential
of ~INR 42,100 crore.
o
This includes
6 new projects with a total estimated saleable area of approximately 11 million
sq. ft. and an expected booking value of INR 17,450 crore added
in Q4FY2026.
o
This was GPL’s
best ever year for business development, with expected booking value added more
than double the initial guidance of adding INR 20,000 crore of booking value
potential.
·
Strong deliveries
in Q4FY2026
o
GPL has
delivered 12.1 million sq. ft. of projects in FY2026 across 9
cities representing an achievement of 121% of its annual guidance for
deliveries in FY2026. This includes 7.4 million sq. ft. of
deliveries across 8 cities in Q4FY2026.
·
Stake increase by
promoters in GPL and in holding company GIL in FY2026
o Promoters have utilized the entire creeping acquisition limit by
investing INR 2,674 crore to acquire a 5.0% stake
in GPL in FY2026 at an average price 21% higher than the FY2026 financial
year-end stock price. This included 4.5% stake acquired in
Q4FY2026.
o
Promoters also
utilized entire creeping acquisition limit in GPL’s holding company, Godrej
Industries Limited (GIL) by investing INR 1,896 crore to
acquire a 5.0% stake in FY2026.
Commenting on the
performance, Gaurav Pandey, MD & CEO, Godrej Properties, said:
“GPL’s well
rounded performance in FY2026 underscores the strength of demand for
well-designed, high-quality homes in India’s major metropolitan
markets. Our business development additions with a future booking value
potential of over INR 42,000 crore in FY2026 will ensure that we continue to
have a strong launch pipeline in the years ahead and the combined operating
cash flow of over INR 15,000 crore we have generated in the past two financial
years enables us to invest for growth while continuing to strengthen our
balance sheet. We remain focused on building on this momentum in
FY2027 through excellence in design, construction quality, timely delivery,
sustainability, and innovation.”