Godrej Properties Limited Earnings Summary — Q4 FY2026
Godrej Properties Reports Strong Revenue Surge and Profit Growth in Q4 FY2026
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 85.4% sequentially in Q1 FY2027.
- Revenue of ₹506 Cr is 16.5% higher year-on-year.
- Revenue has compounded at -36.9% annualised over the last 10 quarters.
- Net profit of ₹350 Cr is 41.7% below the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at -12.4% annualised across the period.
- Operating margin stands at -58.0% in Q1 FY2027.
- Operating margin expanded by 426 bps year-on-year.
- Over the last two years operating margin has contracted by 3269 bps.
- PBT margin is 94.8%.
- Expense growth of 13.4% remained below revenue growth of 16.5%.
- Operating profit of ₹-294 Cr is 8.5% lower year-on-year.
- Operating leverage has been under pressure recently.
- 3 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 30/100 (Weak) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Volatile | 506 | 3,458 | 498 | 740 | 435 | 2,122 | 969 | 1,093 | 739 | 1,426 |
| Expenses | Volatile | 800 | 2,936 | 695 | 1,336 | 705 | 2,047 | 960 | 1,064 | 926 | 1,303 |
| Operating Profit | Volatile | -293 | 522 | -197 | -596 | -270 | 75 | 9 | 29 | -187 | 123 |
| Operating Margin | Volatile | -58.0% | 15.1% | -39.5% | -80.5% | -62.2% | 3.5% | 1.0% | 2.6% | -25.3% | 8.6% |
| Other Income | Volatile | 839 | 434 | 514 | 1,210 | 1,186 | 559 | 271 | 253 | 960 | 526 |
| Interest | Accelerating | 36 | 52 | 31 | 22 | 33 | 46 | 42 | 45 | 41 | 31 |
| Depreciation | Improving | 30 | 36 | 32 | 26 | 22 | 21 | 18 | 18 | 17 | 16 |
| Profit Before Tax | Volatile | 480 | 869 | 255 | 566 | 861 | 567 | 220 | 219 | 716 | 601 |
| Tax | Volatile | 130 | 224 | 61 | 163 | 262 | 188 | 62 | -115 | 197 | 123 |
| Net Profit | Volatile | 350 | 650 | 195 | 405 | 600 | 382 | 163 | 335 | 520 | 471 |
| Net Margin | Volatile | 69.2% | 18.8% | 39.2% | 54.7% | 138.1% | 18.0% | 16.8% | 30.7% | 70.4% | 33.0% |
Key Takeaways
- Revenue grew significantly by approximately 63% year-on-year to INR 3,458 crore reflecting strong execution.
- The company achieved a notable turnaround in operating profit (INR 522 crore) compared to losses in the preceding three quarters.
- Net Profit surged 71% YoY, driven by higher core sales activities during the quarter.
- Profitability continues to be influenced by substantial 'Other Income', which remains a recurring feature of the internal accounting.
- Inventory and product delivery cycles caused high volatility in quarterly revenue recognition, a standard trait for the company.
- The balance sheet shows rising leverage with total borrowings reaching INR 15,894 crore by the end of March 2026.
Management Guidance
Management remains focused on maintaining leadership across top Indian real estate markets with a massive 215 million sq. ft. saleable area pipeline.
Sentiment Shift
Improving
A strong Q4 performance has helped offset several quarters of operating losses, showing improved execution capacity.
Outlook
The outlook remains optimistic for booking volumes given the project pipeline, though persistent negative free cash flow and reliance on non-operating income are key monitoring areas.
From the Annual Report (Key Quotes)
“Godrej Properties is India's largest developer by sales volume, operating an asset-light model that leverages the 127-year-old Godrej brand equity.”
“The vision to be the dominant player in the Top 4 Indian markets is clear.”
“Underlying cash flow generation remains a significant concern despite project scale-up.”
Official Quarterly Documents
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This summary is AI-generated from Godrej Properties Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.