Godrej Properties Limited has informed the Exchange about Transcript
GODREJPROP · price
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Godrej Properties reported a record FY25 with booking value of Rs. 29,444 crore (up 31% YoY), collections of Rs. 17,047 crore (up 49%), operating cash flow of Rs. 7,484 crore (up 73%) and net profit of Rs. 1,400 crore (up 93%). Q4 alone crossed Rs. 10,000 crore in bookings for the first time. The company beat its FY25 guidance across metrics — bookings achieved 109%, collections 114%, and business development 132% of target. For FY26, management guided bookings of over Rs. 32,500 crore, launches of Rs. 40,000 crore+, collections of Rs. 21,000 crore, and business development of Rs. 20,000 crore (called a low-ball number by the Executive Chairperson). Imputed EBITDA margins were broadly flat at 26.2% vs 26.8% earlier, but management expects reported earnings margins to improve meaningfully, with a step-jump projected around FY28.
Strong execution and conservative FY26 guidance suggest room for outperformance, which is positive for shareholders. The explicit net debt cap of Rs. 10,000 crore signals discipline on leverage despite aggressive growth plans. Imputed margins holding around 26% and management commentary on improving reported margins in coming years are supportive for earnings trajectory.