Godrej Properties' Q2 profit falls 62% as costs climb
Godrej Properties reported a 62% drop in quarterly net profit as expenses rose, while pre-sales fell 6%. Shares slipped 4.23% on Friday, according to Mint.
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what happened
Shares of the Mumbai-based developer slid 4.23% on Friday after it reported a 62% fall in its July-to-September profit on a consolidated basis, to Rs.154.15 crore from Rs.405.08 crore a year earlier. The figures come from Mint, which carried the story via HT Digital Content Services.
Total income climbed to Rs.2,571.73 crore from Rs.1,950.05 crore, but total expenses jumped to Rs.2,476.74 crore from Rs.1,300.98 crore. Pre-sales bookings dropped 6% to Rs.8,008 crore in the quarter, compared with Rs.8,505 crore a year before.
Siddharth Maurya of Vibhavangal Anukulakara described the profit slump as a warning sign about rising costs, though he argued it does not undermine the company's long-term prospects, pointing to healthy bookings and a pipeline of new launches.
why it matters
The stock is down about 25.7% so far in 2026 and 26.65% over three months, so sentiment was already weak before the results. Investors will now focus on margins, cash flow and construction cost pressures, since these determine whether operating strength turns into earnings. Weaker profitability at a large developer also shows how far rising costs are squeezing the broader Indian realty sector.
market impact
Indian realty stocks: rising costs and weaker pre-sales pressure margins and sentiment across the sector
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instruments
sources
- Godrej Properties Q2 profit plunges 62% to Rs.154 crore, real estate stock down 6.5% in 1 week — What next for investors, 24 October 2026 at 15:51 UTC
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