• Industry
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Godrej Properties’ net profit declines 64% to ₹145.47 crore in Q2 FY27

In Q2 FY27, Godrej Properties faced a significant decline in net profit after tax, dropping 63.9 percent. Despite this setback, the company saw a total income increase of 31.9 percent, totaling ₹2,571.73 crore. The booking value for the quarter soared to ₹8,008 crore from the sale of 3,658 units, while collections rose by 31 percent to ₹5,318 crore, demonstrating positive operating cash flow with a jump to ₹1,584 crore.

The company’s net consolidated total income increased 31.9 per cent to ₹2,571.73 crore in Q2 FY27 from ₹1,950.05 crore in Q2 FY26.

It recorded booking value of ₹8,008 crore during the quarter through the sale of 3,658 units covering approximately 6.2 million sq ft. Sustenance sales increased 83 per cent year-on-year and 43 per cent sequentially to ₹5,054 crore during Q2 FY27. Collections rose 31 per cent year-on-year to ₹5,318 crore, while operating cash flow increased 33 per cent to ₹1,584 crore.

Geographically, NCR contributed ₹1,926 crore of booking value, followed by Mumbai Metropolitan Region at ₹1,899 crore, Bengaluru at ₹1,564 crore, Pune at ₹976 crore and Hyderabad at ₹782 crore.

For H1 FY27, the company recorded booking value of ₹16,659 crore, up seven per cent year-on-year. It sold 7,396 units covering 12.3 million sq ft. Collections during H1 FY27 increased 25 per cent to ₹9,666 crore, while operating cash flow stood at ₹1,983 crore.

For H1 FY27, the company’s net consolidated total income increased 9.7 per cent to ₹3,916.77 crore from ₹3,570.39 crore in H1 FY26. Net consolidated profit after tax declined 50.6 per cent to ₹494.85 crore in H1 FY27 from ₹1,001.39 crore in the corresponding period of the previous fiscal.

During Q2 FY27, it added one project with an estimated saleable area of approximately 1.1 million sq ft and expected booking value of ₹6,000 crore.

In H1 FY27, it added four projects with an estimated saleable area of approximately 9.1 million sq. ft. and booking value potential of ₹15,500 crore, representing 78 per cent of its full-year business development guidance.

The company expects collections of ₹15,000 crore and operating cash flow of ₹7,000 crore in the second half of FY27.

As of September 30, 2026, the company’s net worth stood at ₹19,358.58 crore. Its net debt-equity ratio was 0.41, current liability ratio was 0.96 and total debt-to-total assets ratio stood at 0.21.

The company reported an operating margin of minus 19.22 per cent and a net profit margin of 5.65 per cent.