Godrej Properties (GODREJPROP)₹1,815+1.09%Residential, Commercial Projects
In the Sep 2026 quarter (consolidated), Godrej Properties reported sales of ₹1,937 Cr, up 161.3% from Sep 2025, and net profit of ₹145 Cr, down 64.0% year on year. For the year to Mar 2026, sales were ₹5,140 Cr and net profit ₹1,843 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 330 | 1,427 | 739 | 1,094 | 970 | 2,123 | 436 | 741 | 499 | 3,464 | 507 | 1,937 |
| Expenses | 396 | 1,299 | 923 | 1,062 | 956 | 2,041 | 703 | 1,332 | 693 | 2,926 | 798 | 2,397 |
| Operating Profit | −65.84 | 123 | −186 | 28.93 | 8.98 | 74.75 | −269 | −594 | −196 | 520 | −293 | −467 |
| OPM % | −19.9% | 9.1% | −25.0% | 2.6% | 1.0% | 3.5% | −61.9% | −79.9% | −39.9% | 15.1% | −57.9% | −23.9% |
| Other Income | 218 | 526 | 961 | 253 | 271 | 559 | 1,187 | 1,211 | 514 | 434 | 840 | 641 |
| Interest | 43.08 | 31.07 | 41.06 | 45.05 | 42.11 | 46.13 | 33.07 | 22.04 | 31.04 | 52.13 | 36.10 | 37.08 |
| Depreciation | 14.03 | 16.04 | 17.04 | 18.02 | 18.03 | 21.05 | 22.05 | 26.03 | 32.09 | 36.07 | 30.06 | 35.08 |
| Profit before tax | 95.14 | 602 | 717 | 219 | 220 | 568 | 863 | 567 | 255 | 871 | 481 | 98.16 |
| Tax % | 34.0% | 20.0% | 28.0% | −52.0% | 28.0% | 33.0% | 30.0% | 29.0% | 24.0% | 26.0% | 27.0% | −48.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −15.94 | −1.99 | 0.00 | 0.00 |
| Net Profit | 63.13 | 479 | 520 | 334 | 158 | 378 | 599 | 404 | 194 | 646 | 350 | 145 |
| EPS (Rs) | 2.23 | 16.92 | 18.66 | 12.02 | 5.39 | 12.65 | 19.87 | 13.42 | 6.46 | 21.53 | 11.60 | 5.11 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,125 | 1,584 | 1,605 | 2,820 | 2,442 | 766 | 1,829 | 2,256 | 3,038 | 4,926 | 5,140 | 6,407 |
| Expenses | 1,981 | 1,325 | 1,815 | 2,632 | 2,174 | 1,210 | 1,873 | 2,039 | 3,155 | 4,982 | 5,565 | 6,814 |
| Operating Profit | 137 | 252 | −215 | 178 | 259 | −448 | −55.84 | 206 | −130 | −73.75 | −452 | −436 |
| OPM % | 6.0% | 16.1% | −12.9% | 6.0% | 11.1% | −58.9% | −3.0% | 9.0% | −4.3% | −1.5% | −9.0% | −6.8% |
| Other Income | 146 | 150 | 499 | 419 | 474 | 569 | 761 | 787 | 1,327 | 2,045 | 3,258 | 2,429 |
| Interest | 41.10 | 104 | 150 | 235 | 220 | 185 | 167 | 174 | 152 | 174 | 137 | 156 |
| Depreciation | 14.03 | 14.02 | 16.03 | 14.02 | 21.06 | 20.05 | 21.03 | 24.06 | 45.12 | 74.19 | 116 | 133 |
| Profit before tax | 228 | 284 | 117 | 349 | 494 | −86.12 | 517 | 796 | 1,001 | 1,726 | 2,557 | 1,706 |
| Tax % | 30.0% | 27.0% | 26.0% | 27.0% | 44.0% | 121.0% | 32.0% | 22.0% | 25.0% | 19.0% | 28.0% | — |
| Exceptional items | 0.00 | 10.97 | 108 | 38.83 | 49.79 | 31.88 | 23.93 | 95.67 | 72.77 | 256 | 240 | −17.93 |
| Net Profit | 160 | 207 | 87.15 | 253 | 274 | −189 | 351 | 622 | 748 | 1,390 | 1,843 | 1,335 |
| EPS (Rs) | 7.31 | 9.54 | 4.00 | 11.01 | 10.71 | −6.80 | 12.65 | 20.51 | 26.03 | 46.35 | 61.28 | 44.70 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 15.9% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 100 | 108 | 108 | 108 | 115 | 126 | 139 | 139 | 139 | 139 | 151 | 151 |
| Reserves | 1,752 | 1,663 | 1,900 | 1,105 | 2,360 | 4,690 | 8,208 | 8,559 | 9,156 | 9,877 | 17,209 | 19,064 |
| Borrowings | 3,488 | 3,128 | 3,988 | 3,709 | 3,519 | 3,717 | 4,546 | 5,206 | 6,439 | 10,687 | 12,652 | 15,904 |
| Other Liabilities | 2,040 | 1,699 | 1,202 | 3,363 | 2,115 | 1,590 | 3,384 | 3,929 | 7,443 | 15,129 | 25,543 | 46,663 |
| Total Liabilities | 7,379 | 6,597 | 7,197 | 8,285 | 8,109 | 10,123 | 16,277 | 17,833 | 23,177 | 35,832 | 55,555 | 81,782 |
| Fixed Assets | 117 | 107 | 102 | 113 | 96.82 | 113 | 174 | 183 | 217 | 995 | 1,268 | 1,703 |
| CWIP | 73.01 | 1.01 | 0.00 | 71.01 | 100 | 163 | 229 | 340 | 654 | 250 | 116 | 172 |
| Investments | 0.00 | 663 | 759 | 1,452 | 2,635 | 3,570 | 5,241 | 4,881 | 2,533 | 3,148 | 5,943 | 5,506 |
| Other Assets | 7,190 | 5,827 | 6,336 | 6,649 | 5,279 | 6,277 | 10,632 | 12,429 | 19,773 | 31,438 | 48,229 | 74,401 |
| Inventories | 4,726 | 3,919 | 3,962 | 3,732 | 2,211 | 2,122 | 4,800 | 5,661 | 12,059 | 22,545 | 32,886 | 57,797 |
| Trade receivables | 170 | 172 | 231 | 156 | 160 | 433 | 238 | 192 | 359 | 310 | 434 | 554 |
| Cash & equivalents | 695 | 106 | 110 | 333 | 343 | 508 | 673 | 1,340 | 2,017 | 2,921 | 5,390 | 5,717 |
| Total Assets | 7,379 | 6,597 | 7,197 | 8,285 | 8,109 | 10,123 | 16,277 | 17,833 | 23,177 | 35,832 | 55,555 | 81,782 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −944 | 492 | −568 | 1,158 | 480 | −233 | −673 | −453 | −2,870 | −695 | −2,250 | −2,008 |
| Cash from investing activity | −96.07 | 191 | 14.01 | −974 | −973 | −1,722 | −3,323 | 127 | 2,565 | −1,976 | −4,277 | 665 |
| Cash from financing activity | 854 | −555 | 336 | −495 | 973 | 1,979 | 4,267 | 236 | 834 | 3,265 | 6,724 | 940 |
| Net cash flow | −184 | 126 | −217 | −312 | 477 | 22.05 | 272 | −90.23 | 537 | 592 | 194 | −403 |
| Capex | 11.97 | 23.92 | 8.97 | 150 | 73.80 | 62.76 | 128 | 146 | 305 | 693 | 211 | 405 |
| Free cash flow | −954 | 467 | −577 | 1,008 | 405 | −296 | −799 | −594 | −3,169 | −1,391 | −2,458 | −2,389 |
| CFO / OP % | −320.0% | 435.0% | −161.1% | −568.0% | 290.0% | −79.1% | 152.9% | 469.0% | −1,301.0% | 330.0% | 2,689.0% | 359.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 34 | 30 | 53 | 36 | 21 | 65 | 114 | 38 | 58 | 37 | 32 | 39 |
| Inventory days | — | — | — | 5,456 | 494 | — | — | — | — | — | — | — |
| Days payable | — | — | — | 457 | 56 | — | — | — | — | — | — | — |
| Cash conversion cycle | 33 | 29 | 52 | 5,034 | 460 | 64 | 113 | 37 | 57 | 36 | 31 | 38 |
| Working capital days | 310 | 186 | 263 | −250 | −127 | −31 | 913 | 477 | 534 | 603 | 613 | 548 |
| ROCE % | 5.0% | 5.0% | 7.0% | 1.0% | 10.0% | 9.0% | 1.0% | 5.0% | 6.0% | 6.0% | 7.0% | 8.0% |
For the Sep 2026 quarter, Godrej Properties reported sales of ₹1,937 Cr, up 161.3% year on year and net profit of ₹145 Cr, down 64.0% year on year. The operating margin was −23.9%.
Godrej Properties' sales for the year to Mar 2026 were ₹5,140 Cr; over the last twelve months they were ₹6,407 Cr.
Net profit for the year to Mar 2026 was ₹1,843 Cr, and ₹1,335 Cr over the last twelve months. Earnings per share over the same trailing period were ₹44.70.
Godrej Properties reported borrowings of ₹15,904 Cr at Mar 2026, against cash and equivalents of ₹5,717 Cr.
Cash from operations was −₹2,008 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹2,389 Cr.