Q1 2026 Godrej Properties Ltd Earnings Call Transcript
Key Points
- Godrej Properties Ltd (BOM:533150) achieved its highest ever quarterly net profit of INR600 crore, marking a 15% year-on-year growth.
- The company reported a strong booking value of INR7,082 crore from the sale of 4,231 homes, with a total area of 6.17 million square feet.
- Collections in the first quarter grew by 22% to INR3,670 crore, indicating strong cash flow management.
- Godrej Properties Ltd (BOM:533150) added five new projects with an estimated saleable area of approximately 9.24 million square feet and an expected booking value of INR11,400 crore.
- The company is on track to achieve its bookings target of INR32,500 crore for FY26, supported by a robust launch pipeline and strong demand.
- The booking value showed a decline of 18% year on year, despite a two-year compounded annual growth rate of 77%.
- Operating cash flow slightly declined by 4% to INR947 crore, largely due to relatively low deliveries during the quarter.
- Total income decreased by 3% to INR1,593 crore, indicating some pressure on revenue growth.
- The company's share in the quarter was lower at 78% due to large sales in Bangalore, impacting overall profitability.
- Challenges in labor availability and contractor management were noted, although efforts are being made to address these issues.
Ladies and gentlemen, good day, and welcome to Godrej Properties Q1 FY26 conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Kshitij Jain. Thank you, and over to you, sir.
Thank you. Good afternoon, everyone, and thank you for joining us on Godrej Properties Q1 FY26 results conference call. We have with us Mr. Pirojsha Godrej, Executive Chairperson; Mr. Gaurav Pandey, Managing Director and CEO; and Mr. Rajendra Khetawat, CFO of the company.
Before we begin this call, I would like to point out that some statements made in today's call may be forward-looking in nature. The forward-looking statements are based on expectations and may involve risks. The outcomes may differ materially from those suggested by such statements, and a disclaimer to this effect has been included in the results presentation.
I would now like to invite Mr. Godrej to make his opening remarks. Over to you, sir.
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