Godrej Properties Rs 10 dividend: record date July 28

Godrej Properties Ltd. has recommended a final dividend of Rs 10 per equity share for the financial year ended March 31, 2026, marking its first dividend payout since 2015. The announcement comes alongside a strong set of quarterly numbers, with the company reporting a sharp rise in profit and revenue for Q4FY26. The combination of a dividend restart and improved operating performance has put the spotlight back on the realty developer’s capital allocation and balance sheet priorities.

The move is notable because it follows a period of weak stock performance, with the stock declining 16.66% over the past year, according to the information shared. Management’s decision to return cash to shareholders after an 11-year gap is being read as a signal of confidence in the sustainability of earnings and cash generation, based on the company’s disclosed FY26 performance.

Dividend announcement: Rs 10 per share, Rs 301.20 crore payout

Godrej Properties’ board recommended a dividend of Rs 10 per equity share, which the company described as 200% of the face value of Rs 5 per share. The total distribution is nearly Rs 301.20 crore. This is the highest-ever dividend announced by the company since listing, based on the details provided.

The company’s last dividend was a final dividend of Rs 2 per share on July 27, 2015. The FY26 recommendation therefore represents a return to shareholder payouts after a long pause, and at a substantially higher per-share level than the previous payout.

Record date and payment timeline investors should note

For shareholders tracking eligibility, the company has fixed July 28, 2026 as the record date to determine entitlement for the final dividend for FY26. The dividend remains subject to approval by members at the ensuing Annual General Meeting (AGM), as stated in the exchange filing.

Godrej Properties said its 41st AGM is scheduled for August 4, 2026. If approved at the AGM, the dividend will be paid to eligible shareholders before Thursday, September 3, 2026.

Q4FY26 results: profit rises to Rs 650 crore

The dividend recommendation was accompanied by a strong quarterly performance for the three months ended March 31, 2026. Godrej Properties reported a 70.2% year-on-year jump in profit to Rs 650 crore, compared with Rs 376 crore a year earlier. Separately, the company’s filing also cited profit of Rs 382 crore in the previous quarter, providing a sequential reference point.

Revenue for the quarter reached Rs 3,458 crore. The figures shared noted a 63% increase, and also compared the quarter’s revenue with Rs 2,122 crore in the previous quarter.

Operating performance improves as margins expand

Operating income (EBIT) rose to Rs 522 crore for the quarter. The operating margin expanded to 15.1% from 5.2% in the previous quarter, indicating a sharp improvement in profitability on the operating line.

The margin improvement, alongside higher revenue, was one of the key takeaways from the quarter as it suggests better efficiency versus the earlier period. The numbers shared did not attribute the margin shift to any one factor, but the disclosed change points to improved operating leverage in the reported quarter.

Stock market reaction: sharp intraday move, then cool-off

Following the announcement, Godrej Properties shares rose as much as 6.36% to Rs 1,951 per share on Monday, which was described as the highest level since January 13. Some gains were pared during the session, with the stock trading 2.63% higher at Rs 1,883.40 as of 1:02 p.m.

In comparison, the NSE Nifty 50 Index was up 0.42% at the same time, indicating the stock outperformed the broader market during the move.

Full-year profit supports the payout decision

For the full fiscal year, the company’s annual net profit was reported at Rs 1,850 crore, up 32% from the previous year. This profit base was presented as part of the context supporting the dividend decision, suggesting the company believes it has the earnings strength to reintroduce shareholder distributions.

While dividend decisions also depend on cash flows and investment needs, the disclosed FY26 profitability provides a clear backdrop for the board’s recommendation.

FY26 operating update: bookings, collections, and project additions

Separately, the company reported strong operational performance for FY26. Booking value rose 16% to Rs 34,171 crore, described as the highest-ever annual booking value reported by an Indian real estate developer. Q4 bookings were reported at Rs 10,163 crore, achieved through the sale of 4,791 units covering 7.26 million square feet.

Collections increased 17% year-on-year to Rs 19,965 crore for FY26. For the quarter, collections were Rs 7,947 crore, described as up 14% from the previous best quarter and up 86% sequentially.

Godrej Properties also added projects with future sales potential of Rs 42,100 crore during FY2026. In Q4, it added six new projects with an expected booking value of Rs 17,450 crore and an estimated saleable area of around 11 million square feet. The company also delivered projects spanning 12.1 million square feet during the year, which it said surpassed guidance.

Cash flow, spending trends, and funding plans

The business update noted that direct construction spend surged 62% during the year. It also reported operating cash flow rose 5% to Rs 7,830 crore, pointing to continued cash generation during FY26.

Alongside these updates, the company said it plans to raise up to Rs 3,000 crore. The specific instrument or timeline was not detailed in the provided text, but the disclosure places funding strategy alongside the dividend decision, indicating the company is balancing shareholder payouts with capital needs.

Board-level change: Nadir Godrej to retire after AGM

Godrej Properties also announced a board-level change, stating that Nadir Godrej will retire from the board after the AGM scheduled on August 4. The disclosure was made alongside the dividend recommendation and other board meeting outcomes.

For investors, governance and board changes are typically tracked alongside financial performance, especially when major capital allocation decisions such as dividends and fund raising are being announced in the same period.

Key numbers at a glance

What investors will track next

The immediate next trigger is shareholder approval at the August 4 AGM. Investors will also watch the company’s execution on its announced fund-raising plan of up to Rs 3,000 crore, and whether the improved operating margin seen in Q4FY26 sustains in subsequent quarters.

For now, the key confirmed milestones are the July 28 record date and the stated plan to pay the dividend before September 3, provided the dividend is declared at the AGM.