Godrej Properties Q4 FY26: PAT up 70%, income ₹3,807 cr

Key takeaway from the March quarter

Godrej Properties reported a sharp rise in profitability for the quarter ended March 2026, supported by higher income. The company disclosed a 70.13% year-on-year increase in consolidated net profit to ₹649.88 crore for Q4 FY26, compared with ₹381.99 crore in the year-ago period. Sales for the quarter also increased strongly, rising 62.99% to ₹3,458.13 crore from ₹2,121.73 crore. Separately, the regulatory filing cited total income of ₹3,806.65 crore for the January to March quarter of FY26, up from ₹2,681.06 crore a year earlier.

Q4 FY26 profit and income: the headline numbers

The March quarter performance showed operating leverage in reported metrics, alongside a significant jump in top-line. Net profit rose to ₹649.88 crore in Q4 FY26 from ₹381.99 crore in Q4 FY25. Sales increased to ₹3,458.13 crore from ₹2,121.73 crore over the same period. The filing also reported total income at ₹3,806.65 crore, indicating a higher reported income base than sales for the quarter. The company’s profit before tax (PBT) for the quarter stood at ₹871.43 crore versus ₹566.88 crore in Q4 FY25. Profit before depreciation and tax (PBDT) was reported at ₹907.05 crore compared with ₹587.95 crore a year ago.

Full-year FY26 performance: profit rises faster than sales

For the year ended March 2026, Godrej Properties reported net profit of ₹1,850.20 crore, up 32.17% from ₹1,399.89 crore in FY25. Annual sales rose 4.24% to ₹5,131.43 crore from ₹4,922.84 crore. The regulatory filing also reported total income at ₹8,410.88 crore for FY26, compared with ₹6,967.05 crore in FY25. On profitability measures from the provided financial table, PBT for the year was ₹2,573.69 crore, up from ₹1,722.62 crore. PBDT was reported at ₹2,689.27 crore versus ₹1,796.28 crore.

Profitability and margin indicators in the data

The operating profit margin (OPM) figures in the provided table show a notable shift between the quarter and the full year. For Q4 FY26, OPM was listed at 15.10% versus 3.52% in Q4 FY25. For the full year, OPM was shown as -8.83% in FY26 compared with -1.51% in FY25. The table’s annual OPM values are negative, which is a key nuance when reading profitability in a real estate developer’s reported numbers and timing effects. Still, net profit and PBT increased on both a quarterly and annual basis, as per the disclosed figures.

Sales versus total income: what the two lines indicate

Two top-line measures appear in the information provided: “sales” and “total income.” For Q4 FY26, sales were ₹3,458.13 crore, while total income was reported at ₹3,806.65 crore in the filing. For FY26, sales were ₹5,131.43 crore, while total income was ₹8,410.88 crore. The presence of both measures suggests that the company’s filing captures additional income components beyond sales in the reporting period. Readers tracking quarterly performance should note which line item a headline is referring to, especially when comparing across sources.

Consolidated results and regulatory filing context

The March-quarter results were described as consolidated numbers and were disclosed through a regulatory filing. The company was reported to have delivered higher profit “on higher income” for the quarter ended March. The year-ago comparisons in the disclosure correspond to the same quarter and same full-year period of the previous fiscal. The reported growth rates include a 70% jump in quarterly profit and a 32% rise in annual profit.

Summary table of reported financial metrics

Why these results matter for investors

The Q4 numbers show a strong year-on-year improvement in both sales and profits, which can influence how investors assess execution in the March quarter. The full-year picture is more mixed on the top line, with sales up 4.24% but net profit up 32.17%, indicating profit growth outpacing sales growth in FY26. The difference between annual sales and annual total income is also substantial in the disclosed data, which can affect how market participants interpret growth rates depending on the metric used. For readers tracking margin trends, the quarterly OPM improvement contrasts with the negative OPM numbers shown for the full year in the provided table.

Closing note

Godrej Properties’ Q4 FY26 disclosure points to a strong finish to the year on profitability, alongside a sharp rise in quarterly sales and total income. For the full year, net profit increased meaningfully while sales grew modestly, and the filing also showed higher total income year-on-year.