Godrej Properties Limited reported a 32 per cent sequential drop in net profit for the second quarter of the current financial year. The consolidated profit after tax stood at ₹402.99 crore in Q2 FY26, compared to ₹598.40 crore in the April–June quarter. The company shared the quarterly financial update in an exchange filing on Thursday.
Despite the decline in profit, the company recorded strong quarterly revenue growth. Revenue from operations rose 70 per cent quarter-on-quarter to ₹740.38 crore, up from ₹434.56 crore in the previous quarter. The company attributed this improvement to higher project execution and recognition during the quarter.
On a year-on-year basis, revenue dropped nearly 32 per cent from ₹1,093.23 crore in Q2 FY25. However, profit increased by almost 21 per cent compared with ₹333.79 crore in the same period last year. The contrasting trends reflect the varying pace of revenue recognition across projects.
Project Approval Update
The company announced progress on its key residential development in South Mumbai. Godrej Properties received the registration certificate from the Maharashtra Real Estate Regulatory Authority for its upcoming project named Godrej Trilogy in Worli. The project is part of a joint redevelopment of a prime land parcel in one of the most sought-after neighbourhoods in the city.
According to the filing, the development will feature three residential towers on an approximately 2.63-acre plot. The company estimates the gross revenue potential of the total project to be above ₹10,000 crore once completed. The project is expected to add to the company’s presence in the premium segment of Mumbai’s housing market.
Gaurav Pandey, Managing Director and CEO of Godrej Properties, said the receipt of RERA approval marks a significant step in the project timeline. He stated that the Worli development offers strong visibility, location advantages, and scale, aligning with the company’s focus on major urban redevelopment.
Market Reaction Seen
The Mumbai-based developer’s stock came under pressure after the quarterly earnings were announced. Shares of Godrej Properties dropped more than 3 per cent in intra-day trade and touched a low of ₹2,186.60 on Thursday. Around 3:36 pm, the shares were trading at ₹2,226.10, down 2.93 per cent from the previous close.
The broader real estate market has remained watchful of cost inflation, demand cycles, and regulatory developments, influencing investor sentiment across the sector. Despite sequential profit decline, analysts indicate that strong launch pipelines and premium projects may support future performance.
The company continues to focus on strategic land acquisition and partnerships in high-demand zones, particularly in metro cities. Its revenue recovery during the quarter reflects ongoing momentum in key active projects.
Godrej Properties in Delhi-NCR
Beyond Mumbai, Godrej Properties is also expanding its footprint in Noida and Greater Noida through new residential launches and partnerships. The region remains one of the company’s key growth markets in northern India due to rising demand for modern housing and improved connectivity near Delhi-NCR.
The company has several active and upcoming projects that are aligned with local infrastructure upgrades, including expressways and the upcoming Jewar airport. The Noida market continues to attract both homebuyers and investors, contributing to the developer’s broader expansion plans.
