Mumbai: Godrej Properties, the real estate development arm of the Godrej Group, has announced a 15% year-on-year increase in its consolidated net profit to ₹598 crore for the first quarter of the fiscal year 2025-26. The company’s profit for the same period last year stood at ₹518.8 crore.
Despite the rise in net profit, the company’s total income for the April-June quarter declined to ₹1,620.34 crore, down from ₹1,699.48 crore in the corresponding period of the previous fiscal year. This was detailed in a regulatory filing by the company on Friday.
The results, announced following a board meeting, highlight a robust performance driven by strong operational metrics. The company reported a significant increase in collections, which rose by 22% to ₹3,670 crore. Additionally, Godrej Properties achieved a booking value of ₹7,082 crore for the quarter, the eighth consecutive quarter where booking value has surpassed ₹5,000 crore.
In a statement, the company’s Executive Chairperson, Pirojsha Godrej, said, “The residential real estate sector in India has been strong over the past four years and we believe the sector will continue to provide opportunity over the next few years.” He added that the company’s business development additions from previous years, with a future booking value of over ₹90,000 crore, provide a significant opportunity to scale bookings and earnings.
The company’s focus on new projects is evident, as it launched six new projects and phases during the quarter, with a total sales potential of ₹8,500 crore. It also added five new projects with an estimated saleable area of around 9.24 million sq ft and a booking value potential of ₹11,400 crore. These additions have allowed the company to achieve 57% of its annual guidance for business development in the first quarter itself.
