Godrej Properties expects to beat its annual collections target despite profit slump

what happened

According to TradingView, Mumbai-based developer Godrej Properties told investors in its second-quarter presentation that it will top its collections guidance of ₹24,000 crore for the current fiscal year. The company recorded record collections in the September quarter and in the first half. Quarterly collections rose 31% year on year and 22% sequentially to ₹5,318 crore, bringing the half-year total to ₹9,666 crore. It projects second-half collections of ₹15,000 crore.

Profit weakened, however. Net profit for the quarter fell 62% to ₹154 crore, weighed down by a 47% drop in other income to ₹636.6 crore. Revenue rose to ₹1,935 crore from ₹740 crore, while the EBITDA loss was roughly flat at ₹469 crore. Booking value fell 6% to ₹8,008 crore. Shares slipped 5.5% on Friday to ₹1,478.4, close to their 52-week low of ₹1,434.

why it matters

For markets, the results signal strong cash generation among Indian developers, as high collections point to buyer payments and healthy project liquidity. Yet the drop in profit and bookings suggests weaker near-term earnings. With the stock down 27% so far this year and trading near its annual low, delivery on second-half booking guidance will be the key factor for investors.

market impact

Indian realty stocks: strong collections support cash flow, while weaker profit weighs on Godrej shares.

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