Godrej Properties is targeting sales bookings of Rs 32,500 crore in FY26, about 10% more than what it did in FY25.
It sold 15,302 residential units worth Rs 29,444 crore in FY25—the highest-ever residential sales reported by a real estate company in the country. It had projected bookings of Rs 27,000 crore in FY25.
The company is looking at project launches worth Rs Rs 40,000 crore in FY26 in Mumbai, National Capital Region, Pune and Bangalore.
Meanwhile, the company posted a 20% decline in Q4FY25 profit at Rs 376 crore as compared to Rs 469 crore in Q4FY24, beating the analysts estimates marginally. Analysts had predicted a net profit Rs 364 crore.
The company’s revenue from operations went up 49% at Rs 2,122 crore in Q4FY25 as compared to Rs 1,426 crore in Q4FY24. Analysts had predicted revenue of Rs 1,411 crore.
“We have grown for eighth consecutive years and grew at a CAGR of 55% in the last three years,” said Pirojsha Godrej, executive chairman, Godrej Properties, in an telephonic interview.
Godrej said the company has guided business development of Rs 30,000 crore but did Rs 36,000 crore in FY25.
On slowing property market, Godrej said “As of now, we remain confident of sales. Q4 was best-ever quarter for us with bookings of Rs 10,000 crore. We are done with one launch and don’t see any concern,” he said.
He said company’s luxury property sales have also not shown any concern.
“We launched two projects in Gurugram and did sales of Rs 2,000 crore. Mumbai is also doing well. We will launch another project in Worli (Mumbai), which will be a good test for us,” he said.
On slowing property market, he said, “As of now, we remain confident of sales. Q4 was best-ever quarter for us with bookings of Rs 10,000 crore. We are done with one launch and don’t see any concern.”