Godrej Properties Q4 FY26: Profit jumps 70% YoY

What Godrej Properties reported for the March quarter

Godrej Properties reported a sharp year-on-year rise in profitability for the quarter ended March 2026 (Q4FY26), supported by higher income and improved operating performance. The company said consolidated net profit rose about 70% to ₹649.88 crore for the quarter, up from ₹381.99 crore in the year-ago period. In the same quarter, total income increased to ₹3,806.65 crore from ₹2,681.06 crore, according to a regulatory filing.

Alongside the filing-based disclosure, market updates highlighted strong operational metrics as well. Consolidated revenue was reported at ₹3,458 crore for the three months ended March, compared with ₹2,122 crore a year earlier. EBITDA was cited at about ₹523 crore versus ₹110 crore in the comparable period, translating into a margin of 15.1% versus 5.2%.

Profit and income growth: two sets of reported topline numbers

The quarter saw two topline measures referenced across updates: total income and revenue (often used to indicate operational revenue). Total income for Q4FY26 was disclosed at ₹3,806.65 crore. Separately, consolidated revenue for the quarter was reported at ₹3,458 crore.

The profit figure was also reported consistently around the ₹650 crore mark. One update put consolidated profit at ₹650 crore, while the regulatory filing number was ₹649.88 crore. The broad takeaway from both disclosures is that profit growth outpaced topline growth, helped by an expansion in operating margin.

Operating performance improved sharply in Q4FY26

Operating income for the quarter, described as earnings before interest and taxes (EBIT), was reported at ₹522 crore. EBITDA was reported at ₹523 crore for Q4FY26, up from ₹110 crore in the year-ago period. Margin expanded to 15.1% from 5.2%.

The updates also noted that other income declined, with revenue from operations contributing to the topline. While details of the full cost line were not provided in the filing extract, one update highlighted expenses rising 45% to ₹3,020 crore during the quarter.

Booking value and business momentum indicators

Godrej Properties’ Q4 booking value was reported as steady year-on-year at ₹10,163 crore. This indicates that the company’s operational execution and profitability improved even as booking value was described as flat on a year-on-year basis for the quarter.

In a separate business update focused on FY2026 operating performance, the company reported booking value rose 16% to ₹34,171 crore, described as the highest-ever annual booking value reported by an Indian real estate developer. Collections increased 17% year-on-year to ₹19,965 crore. The same update said the metric has grown at a three-year CAGR of 41% for booking value and 30% for collections.

Full-year FY2026 numbers: profit and total income

For the full financial year 2025-26 (FY2026), Godrej Properties reported consolidated net profit of ₹1,850.20 crore, up from ₹1,399.89 crore in the preceding year. Total income increased to ₹8,410.88 crore in FY2026 from ₹6,967.05 crore in FY2025.

Some company commentary and summaries referenced FY2025 net profit at about ₹1,400 crore and total income at ₹6,848 crore, alongside the filing-based FY2025 total income figure of ₹6,967.05 crore. The key direction across the disclosures remained consistent: FY2026 delivered higher profit and higher income than FY2025.

Stock market reaction: sharp intraday spike, gains trimmed later

Godrej Properties shares rose strongly after the Q4 results. One market update said the stock jumped as much as 6.3% intraday on Monday following the results, before shedding most gains. It was later trading up over 2% at ₹1,872 in afternoon trade.

Another update pegged the stock at ₹1,868, up 1.8% at the time of that update. Separately, a different session referenced the stock trading at ₹1,723.70, up 1.66%, after a positive business update.

FY2026 cash flow and investment signals highlighted in updates

The FY2026 business update said direct construction spend surged 62% during the year. It also reported operating cash flow rose 5% to ₹7,830 crore, indicating steady cash generation.

In addition, the company said it added projects with a future sales potential of ₹42,100 crore during FY2026, achieving over 200% of its guidance and registering 59% year-on-year growth on that metric.

Guidance and targets mentioned by management commentary

One market note referenced management commentary that it was on track to beat revenue guidance of ₹32,500 crore in FY2026. Another update noted FY27 guidance that targets ₹39,000 crore booking value.

These targets matter for investors because they frame the scale of execution expected after a quarter in which profit and operating metrics expanded sharply.

Key numbers at a glance

Why the quarter mattered for the real estate developer

The Q4FY26 result combined three elements that markets typically track closely in real estate: profit growth, operating leverage, and margin expansion. Profit rose about 70% year-on-year to around ₹650 crore. Operating metrics also strengthened materially, with EBITDA rising to about ₹523 crore and margin improving to 15.1%.

The market reaction reflected the strength of the reported quarter, with the stock moving up sharply intraday before paring gains. Investors will also track the company’s stated FY27 booking value target of ₹39,000 crore and the pace of execution implied by the FY2026 project additions with ₹42,100 crore future sales potential.

Conclusion

Godrej Properties closed Q4FY26 with a sharp rise in consolidated profit and higher income, alongside a notable improvement in reported margins. Full-year profit and total income also grew in FY2026 versus FY2025, while business updates pointed to stronger bookings, collections, and project additions. The next set of investor checkpoints will include progress against the FY27 booking value target of ₹39,000 crore and any further updates from the company on operating performance and guidance.