Godrej Propert.
Godrej Propert. Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
4 of 5 strong
The short version
Godrej Properties anticipates strong sales growth, targeting INR39,000 crores in sales for the current year with approximately 20% growth annually thereafter. Godrej Properties targets a 20% Return on Equity (ROE) by FY28, implying a significant increase in PAT from INR18 billion in FY26 to approximately INR35-40 billion by FY28.
From Godrej Propert.'s Q1 FY27 earnings-call transcript · updated 3 Sept 2026.
Revenue & Sales Performance
- Godrej Properties anticipates strong sales growth, targeting INR39,000 crores in sales for the current year with approximately 20% growth annually thereafter.
- Business development reached INR42,000 crores last year, providing a robust pipeline for future sales.
- Revenue recognition is expected to almost 2.5x from INR17,000 crores in FY25-26 to INR40,000 crores in FY27-28, backed by higher ownership stakes (~90%) in new projects.
- They aim for a 20% ROE by FY28 supported by INR4,000+ crores of PAT, driven by project completions primarily slated for the second half of FY28.
- The company expects to achieve free cash flow breakeven this year and be strongly free cash flow positive next year.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Godrej Propert. said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Godrej Properties Limited expects to maintain a balanced approach to business development and cash flow management, aiming to generate sufficient operating cash flow (OCF) to fully cover business development from next year onwards.
- The company is cautious about not getting too aggressive in growth or leverage and targets a net debt cap of INR10,000 crores to keep financial discipline.
- Recent land acquisitions, such as the auction land in Noida, present good opportunities with low land value to expected booking value ratios (under 10%).
- New projects are only being added when expected Internal Rate of Return (IRR) exceeds 20%, ensuring quality and margin discipline.
2 more points management made on capital expenditure plans
Top-ranked in Realty
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Godrej Propert. said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Godrej Properties added 3 new projects with an estimated saleable area of ~8 million sq ft and booking value of INR 9,500 crores in Q1 FY27, achieving 48% of annual business development guidance.
- The company’s launch pipeline remains robust with planned launches in Bandra, Golf Course Road (Gurugram), Bangalore, Hyderabad, Pune, Panvel, Noida, Pune, and Ahmedabad.
- Several projects are in advanced approval stages; some launches may be pushed between Q2 and Q3 based on approvals.
- Business development remains opportunistic with selective additions in Tier 2 cities, contributing 10-15% of topline.
- The total annual booking guidance for FY27 is INR 39,000 crores.
2 more points management made on order book & pipeline
Godrej Propert. — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹3.5K Cr, net profit ₹645 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Godrej Propert.'s management said in earlier quarters
- Q1 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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Frequently Asked Questions
What were Godrej Propert. Q1 FY27 results?
Godrej Properties anticipates strong sales growth, targeting INR39,000 crores in sales for the current year with approximately 20% growth annually thereafter. Godrej Properties targets a 20% Return on Equity (ROE) by FY28, implying a significant increase in PAT from INR18 billion in FY26 to approximately INR35-40 billion by FY28.
What is Godrej Propert. share price analysis?
Godrej Propert. currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 37.9 with a market cap of ₹61,300 Cr. Investors should review the full earnings analysis for detailed insights.
Is Godrej Propert. planning capital expenditure?
Godrej Properties Limited expects to maintain a balanced approach to business development and cash flow management, aiming to generate sufficient operating cash flow (OCF) to fully cover business development from next year onwards.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.