Strong Q4 performance driven by successful project launches in Noida, Gurugram, and Hyderabad
Godrej Properties Limited (GPL), one of India’s leading real estate developers, reported its highest-ever annual sales bookings of ₹29,444 crore in FY25, marking a 31% year-on-year increase over the previous fiscal.
According to its Q4 FY25 Earnings Conference Call transcript, the company sold 15,302 homes over the fiscal year, translating into a total booking volume of 25.73 million square feet — a 29% growth in area sold.
In Q4 alone, Godrej Properties clocked sales of ₹10,163 crore through the sale of 3,703 homes, spanning 7.52 million square feet. This also marked the seventh consecutive quarter with over ₹5,000 crore in quarterly sales bookings.
Key drivers of this Q4 performance included highly successful launches such as:
Godrej Riverine, Noida: ₹2,206 crore in bookings
Godrej Astra, Gurugram: ₹1,323 crore
Godrej Madison Avenue, Hyderabad: ₹1,081 crore
According to the management commentary during the conference call, regional contributions to FY25 bookings were led by:
National Capital Region (NCR): Over ₹10,500 crore
Mumbai Metropolitan Region (MMR): Over ₹8,000 crore
Bengaluru: Over ₹5,000 crore
Despite the robust sales figures, revenue from operations declined 13% YoY to ₹1,426 crore in Q4, attributed to lower project completions. However, net profit grew 14% YoY to ₹471 crore. Adjusted EBITDA came in at ₹717 crore, down 2% compared to the same quarter last year.
For FY26, GPL has set a guidance of ₹27,000 crore in sales bookings. The company is planning major launches across key markets such as Mumbai, NCR, Bengaluru, and Pune. It also aims to sustain momentum from FY25 with a strong new project pipeline and improved execution.
In FY25, the company added new projects with an estimated future booking value of ₹26,450 crore and raised ₹6,000 crore through a QIP in December 2024 to strengthen its balance sheet.
Pirojsha Godrej, Executive Chairperson, stated during the earnings call: “We are delighted to have crossed ₹10,000 crore in sales bookings for the first time in Q4FY25. Our sales bookings over the last three years have compounded at an annual growth rate of 55%. Through this, GPL has completely reset the scale of its operations and, for the second consecutive year, is the largest real estate developer in India by booking value.”
With robust financials, consistent growth in launches, and strong consumer demand, Godrej Properties is poised to maintain its leadership in India’s real estate market.
