Published on 02/05/2025 12:55 PM
Godrej Properties Q4 Results: Management guides for ₹32,500 crore in new bookings for FY26Godrej Properties has met its guidance on every individual parameter, since it began to provide guidance in financial year 2023.By Hormaz Fatakia May 2, 2025, 12:55:12 PM IST (Updated)2 Min ReadGodrej Properties Ltd., the Mumbai-based real estate developer has guided for ₹32,500 crore in booking value for financial year 2026. This is well above the ₹27,000 crore it had guided for in financial year 025.
For the new financial year, the company is planning for launch value to the tune of ₹40,000 crore, ₹21,000 crore in customer collections and ₹20,000 crore in business development.
However, it expect deliveries of 10 million square feet in the new financial year, compared to 15 million it had guided for last year.
For financial year 2025, Godrej Properties had surpassed its projected figures on all parameters. Its booking value was 109% of the guided figure, while launch value, customer collections and deliveries were 122%, 114% and 123% higher than the projections made at the start of the year, Godrej Properties said in its investor presentation.
Godrej Properties has met its guidance on every individual parameter, since it began to provide guidance in financial year 2023.
For the March quarter, Godrej Properties' net profit fell 19% from last year to ₹382 crore, while revenue increased by 49% from the same quarter last year to ₹2,122 crore.
Godrej Properties' Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) declined by 10% from last year, while margins narrowed to 5.2% from 8.6% last year.
Booking value in the fourth quarter was the highest ever achieved by the company during the fourth quarter.
This is also the first quarter in which Godrej Properties crossed ₹10,000 crore in booking value and the seventh straight quarter where booking value was in excess of ₹5,000 crore.
"With a robust launch pipeline, strong balance sheet and sectoral tailwinds, we are confident of continuing the momentum in financial year 2026," Godrej Properties Executive Chairperson Pirojsha Godrej was quoted as saying.
Shares of Godrej Properties are currently trading 1.5% higher, but off the day's high at ₹2,192.9.Continue ReadingFirst Published: May 2, 2025 12:49 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsearningsGodrej PropertiesGodrej Properties guidanceGodrej Properties share priceshare market today