Godrej Properties pre-sales could reach a record ₹41,500 crore in the financial year ending March 2027, above the developer’s ₹39,000 crore guidance, Chairperson Pirojsha Godrej said. The outlook depends on sales in the second half and follows what he described as strong housing demand.
Key Takeaways
- The company expects second-half sales bookings of ₹22,500 crore to ₹25,000 crore.
- First-half bookings rose 7% to ₹16,659 crore from ₹15,587 crore a year earlier.
- September-quarter net profit fell 62% as expenses rose.
Godrej Properties pre-sales outlook
Godrej Properties recorded ₹34,171 crore in sales bookings in the previous fiscal year. Even the bottom of its expected range for the second half would take full-year bookings above its ₹39,000 crore guidance, Pirojsha Godrej said.
He said demand was strong across the company’s new and ongoing residential projects. Bookings from ongoing projects rose 83% year over year to ₹5,054 crore in the September quarter.
| Item | Details |
|---|---|
| September-quarter net profit | ₹154.15 crore, down from ₹405.08 crore a year earlier |
| September-quarter total income | ₹2,571.73 crore, up from ₹1,950.05 crore |
| September-quarter total expenses | ₹2,476.74 crore, up from ₹1,300.98 crore |
Launch pipeline and investment plans
Pirojsha Godrej expects October–December to be the company’s best-ever quarter for sales, citing planned major launches in Mumbai’s Bandra area and Gurugram’s Golf Course Extension. He said the company was also hopeful of launching projects in Thane, Noida and Greater Noida.
The developer plans to continue funding construction and land acquisition from internal accruals while generating free cash flow and a 20% return on equity.
Profit falls despite higher income
For the quarter ended September 2026, consolidated net profit fell as expenses increased. First-half net profit declined to ₹504 crore from ₹1,005 crore a year earlier.
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