Hyderabad, Feb 5 (TNT): Godrej Properties Limited (GPL) delivered a strong profitability-led performance in the third quarter of FY26, highlighting improved margins, robust cash generation, and sustained demand across key markets, even as reported revenues moderated on account of project completion timelines.
GPL reported a 20 percent year-on-year rise in net profit to INR 195 crore in Q3 FY26, marking its highest-ever third-quarter profit.
For the nine-month period (9M FY26), net profit surged to INR 1,200 crore, up 18 percent YoY, underscoring the company’s improved operating leverage and scale benefits, the company said in a release on Thursday.
EBITDA growth outpaced revenue, with Q3 FY26 EBITDA rising 21 percnet YoY to INR 338 crore, reflecting tighter cost control and better pricing.
On a nine-month basis, EBITDA jumped 40 percent YoY to INR 1,867 crore, signalling sustained margin expansion.
Total income for Q3 FY26 stood at INR 1,020 crore, a 17 percent YoY decline, primarily due to the timing of revenue recognition linked to project completions—a common feature in the real estate sector. However, for 9M FY26, total income grew 7 percent YoY to INR 4,480 crore, indicating healthy underlying business momentum.
Earnings per share (EPS) for Q3 FY26 improved to INR 6.48, compared with INR 5.70 a year ago, while 9M FY26 EPS rose to INR 39.85.
Operating cash flow in Q3 FY26 rose sharply by 73 percent YoY to INR 1,062 crore, providing strong financial flexibility. Management indicated that this, along with capital raised earlier through QIP, positions the company well to fund expansion while maintaining a strong balance sheet.
With record profitability, expanding EBITDA margins, and strong operating cash flows, Godrej Properties remains confident of closing FY26 as its best-ever year across key financial metrics, driven by a robust launch pipeline and resilient residential demand.
TNT KS
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