Godrej Properties Q1 profit drops 42% despite strong booking growth
Lower project deliveries impacted earnings, while sustained booking momentum and new project additions kept the company’s growth outlook unchanged for FY27.
Godrej Properties Limited experienced a significant 42% drop in net profit after tax for the first quarter of the 2027 financial year, falling to ₹350 crores from ₹600 crores in the same period last year. Total income also decreased by 16% to ₹1,337 crores from ₹1,593 crores. Despite this decline in earnings, the company attributed the drop primarily to timing and accounting factors rather than a decline in demand.
In Q1 FY27, only one project received an occupancy certificate, and its revenue recognition did not significantly impact the overall profit. The construction and related outflows surged by 54% year-on-year to ₹2,244 crores, reflecting accelerated execution activity expected to result in deliveries in FY28. The company expects to meet its full-year guidance of ₹39,000 crores in booking value, having achieved 22% of that target in Q1 FY27.
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