Godrej Properties reported a 13% year‑on‑year rise in total income to ₹3,912 crore in H1 FY27, up from ₹3,460 crore in H1 FY26. The Mumbai‑based developer’s shares slipped 6% to an intraday low of ₹1,468.40 on Friday, October 23, after announcing a 62% decline in consolidated profit to ₹154 crore for the quarter ended September 2026‑27 (Q2 FY27). In the same period of the previous fiscal year, profit stood at ₹405 crore.

Revenue from operations surged 161% in the July‑September period, rising to ₹1,935 crore from ₹740 crore a year earlier. EBITDA for Q2 FY27 was a loss of ₹469 crore, improving from a loss of ₹513 crore year‑on‑year. EBITDA declined 53% YoY to ₹717 crore from ₹1,529 crore, while net profit fell 50% to ₹154 crore from ₹504 crore. Earnings per share, not annualised, were ₹16.74 versus ₹33.37 in H1 FY26.

Despite muted headline earnings, Q2 was a strong operating quarter with sustenance sales growth of 83% YoY to ₹5,054 crore and cash collections growth of 31% YoY to ₹5,318 crore. The company launched only one third of its expected annual launch pipeline in the first half of the financial year yet delivered 43% of its annual bookings guidance, underscoring continued demand strength, said Chairperson Pirojsha Godrej.

Booking value for Q2 FY27 reached ₹8,008 crore through the sale of 3,658 units covering 6.2 million square feet. The quarter saw the highest‑ever sustenance sales, with sales up 83% YoY and 43% quarter‑on‑quarter. Sustenance sales increased 55% in H1 FY27. Three projects—Godrej Trilogy in MMR, Godrej Vanantara in Bengaluru and Godrej Samaris in Gurugram—each contributed more than ₹500 crore to sustenance sales during the quarter.

The performance was supported by a diversified portfolio, with five individual projects contributing more than ₹500 crore each and six projects contributing between ₹200 crore and ₹500 crore each to the booking value during the quarter. Pirojsha Godrej said the launch pipeline was strong and the company remained confident of surpassing its full‑year guidance across all key operating metrics, with launches expected to pick up substantially from October onwards.

He added that the company expects to generate ₹15,000 crore in collections and ₹7,000 crore in operating cash flow in H2 FY27, focusing on strong cash flows. Godrej Properties shares were trading at ₹1,499.9 at 2:30 PM on the National Stock Exchange, falling 4.16%. The company’s total market capitalisation was ₹45,193.01 crore as of October 23.