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Godrej Properties' Q2 booking value falls to ₹8,008 crore from ₹8,505 crore; profit drops

Godrej Properties' September-quarter booking value was ₹8,008 crore against ₹8,505 crore a year earlier. Net profit fell by about 62-64%, depending on the outlet.

Price, Friday's close₹1,497.00▼ 4.35%
Last 5 days
Sector
Real estate

What happened

  • Godrej Properties reported booking value of ₹8,008 crore for the September 2026 quarter against ₹8,505 crore a year earlier, from 3,658 homes across 6.2 million square feet, Kotak Neo and Angel One reported. Kotak Neo gave the year-earlier area as 7.1 million square feet.
  • The two outlets differ on profit. Kotak Neo said net profit fell 62% to ₹154 crore, with total income up 38% to ₹2,575 crore. Angel One gave net profit as ₹145.47 crore, down 63.9%, and total income as ₹2,571.73 crore, up 31.9%.
  • Collections rose 31% to ₹5,318 crore, both outlets said, and Angel One gave operating cash flow as ₹1,584 crore, up 33%. By region, it listed the National Capital Region at ₹1,926 crore of bookings, the Mumbai region at ₹1,899 crore and Bengaluru at ₹1,564 crore.
  • Kotak Neo said the company added a Mumbai project with 1.10 million square feet of saleable area and expected booking value of ₹6,000 crore, and quoted management as expecting second-half booking value of ₹22,500-25,000 crore. The shares closed at ₹1,497 against ₹1,565 on Thursday on Kite data, a fall of 4.35% by my calculation.

Why it matters

Good to know: Booking value is the value of homes customers have signed up to buy in the period. It is not revenue: a real estate developer records revenue only as projects are built and handed over, which is why profit and bookings can move in different directions.

Key facts

Booking value
₹8,008 crore (₹8,505 crore a year earlier); 3,658 homes, 6.2 million sq ft
Net profit, per Kotak Neo
₹154 crore, down 62%
Net profit, per Angel One
₹145.47 crore, down 63.9%
Collections
₹5,318 crore, up 31%
New Mumbai project
1.10 million sq ft; expected booking value ₹6,000 crore

Read the source

This is a summary of public news about Godrej Properties, for information only. It is not a recommendation to buy, sell or hold GODREJPROP.

Godrej Properties in the news before

  1. 29 SEP 2026 · DEALS & FUNDINGGodrej Properties takes over Marine Lines luxury project with ₹6,000 crore sales potential
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