Godrej Properties Limited (GPL), a leading national real estate developer, announced its financial results for the fourth quarter and year ended March 31, 2025.
CORPORATE HIGHLIGHTS:
Another record-breaking year – FY2025
Godrej Properties delivers its highest ever quarterly and full year bookings
- Highest ever booking value and area sold by any Indian real estate developer in a financial year till date- FY25 booking value grew 31% YoY to INR 29,444 crore through sale of 15,302 homes with a total area of 25.73 million sq. ft., a YoY volume growth of 29%.
- GPL has achieved the highest cumulative booking value of INR 84,704 crores for any real estate developer since FY20 with INR 64,203 crores sold since FY23.
- GPL has achieved 109% of its annual guidance for booking value for FY25.
- GPL is the only leading real estate developer that has delivered 8 consecutive financial years of booking value growth.
- Most broadly distributed sales in the industry with only 36% booking value coming from largest market, 27% booking value coming from home market and 13% booking value coming from the largest single project.
- NCR, MMR & Bengaluru contributed INR 10,523 crore, INR 8,034 crore and INR 5,089 crore respectively to the booking value in FY25.
- 12 projects across 6 cities achieved booking value more than INR 1,000 crore in FY25.
- 34 new projects and phases were launched during the financial year across 7 cities.
- Booking value in Q4 FY25 grew 87% QoQ and 7% YoY to INR 10,163 crores through the sale of 3,703 homes with a total area of 7.52 million sq. ft. This is the highest ever quarterly booking value achieved by Godrej Properties.
- This is the first quarter in which GPL has crossed INR 10,000 crore in booking value and also the 7th consecutive quarter in which GPL has crossed more than INR 5,000 crore of booking value.
- Booking value in Q4 FY25 were driven by strong demand in some key new project launches including Godrej Riverine in Noida, which achieved a booking value of INR 2,206 crore, Godrej Astra in Gurugram, which achieved a booking value of INR 1,323 crore, and Godrej Madison Avenue, GPL’s first project in Hyderabad, which achieved a booking value of INR 1,081 crore.
- 12 new projects and phases were launched during the quarter across 5 cities.
Highest ever quarterly and full year collections & operating cash flow (OCF)
- Highest quarterly and full year residential sale collections announced by any real estate developer in India to date. Q4 FY25 collections stood at INR 6,961 crore representing a YoY growth of 48% and QoQ growth of 127%. FY25 collections stood at INR 17,047 crore representing a YoY growth of 49%.
- GPL has achieved 114% of its annual guidance for collections for FY25.
- Highest ever quarterly and full year OCF announced by any real estate developer in India to date. Q4 FY25 OCF stood at INR 4,047 crore representing a QoQ growth of 559% and a YoY growth of 55%. FY25 OCF stood at INR 7,484 crore representing a YoY growth of 73%.
Another strong year for business development
- GPL has added 14 new projects in FY25 with a total estimated saleable area of approximately 19 million sq. ft. and total estimated booking value potential of ~INR 26,450 crore.
- This includes 2 new projects with an expected booking value of INR 3,000 crore added in Q4.
- GPL has achieved 132% of its annual guidance for business development in FY25.
Highest ever deliveries in FY25
- GPL has delivered 18.4 million sq. ft. of projects in FY25 across 5 cities representing a YoY growth of 47%.
- This includes 6.5 million sq. ft. of deliveries in Q4FY25 representing a YoY growth of 8% and a QoQ growth of 150%.
- GPL has achieved 123% of its annual guidance for deliveries in FY25.
Other Highlights
- Raised INR 6,000 crore of equity for growth capital through largest ever QIP by a real estate company in India in December 2024.
- Godrej Properties has been included in the 2025 Sustainability Yearbook by S&P Global, recognized among the top 10% in the Real Estate Management and Development Sector globally and honored as an Industry Mover. GPL is also included in the Emerging Markets index of the Dow Jones Best in class indices for the second consecutive year
- Mr. Pirojsha Godrej, Executive Chairperson, Godrej Properties limited was awarded EY Entrepreneur of The Year™ Awards 2024 in the Energy, Real Estate, and Infrastructure category.
- GPL received 32 awards in Q4 FY25 and a total of 117 awards in FY25.
- Promoters increased stake in GPL through open market purchase of 5,63,942 shares at an average price of INR 2,050 per share investing a total of INR 116 crore between Dec-2024 and Mar-2025
Commenting on the performance of Q4 FY2025, Mr. Pirojsha Godrej, Executive Chairperson, Godrej Properties Limited, said:
“Godrej Properties delivered a record-breaking financial year 2025 with its highest ever bookings, collections, operating cashflows, earnings and deliveries as well as a strong year for business development. It is the 8th consecutive year of booking value growth for the company indicating the resilience of the company to grow through various macroeconomic cycles. Our sales bookings over the last 3 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.
The residential real estate sector in India has been strong over the past few years and we believe the sectoral tailwinds will continue over the next few years. Our business development additions with a future booking value of Rs 26,450 crore in FY25 will ensure that we continue to have a strong launch pipeline in the years ahead. Furthermore, the equity capital of INR 6,000 crore we raised through a QIP in December 2024 combined with the record operating cash flow of INR 7,484 crore we generated in FY25 will enable us to continue to invest for growth. In FY26, we plan to grow residential bookings to over INR 32,500 crore through the launch of a large number of exciting new projects combined with strong sustenance sales. This combined with strong construction progress will allow us to maintain rapid growth in operating cash flows as well. With a robust launch pipeline, strong balance sheet, and sectoral tailwinds, we are confident of continuing the momentum in FY26.”
Financial Overview (Consolidated)
Q4 FY25 performance overview compared with Q4 FY24
- Total Income grew by 36% to INR 2,646 crore as compared to INR 1,952 crore
- EBITDA declined by 2% to INR 634 crore as compared to INR 649 crore
- Net Profit declined by 19% to INR 382 crore as compared to INR 471 crore
- EPS# amounted to INR 12.68 as compared to INR 16.95
FY25 performance overview compared with FY24
- Total Income grew by 57% to INR 6,848 crore as compared to INR 4,362 crore
- EBITDA grew by 65% to INR 1,970 crore as compared to INR 1,197 crore
- Net Profit grew by 93% to INR 1,400 crore as compared to INR 725 crore
- EPS amounted to INR 49.02 as compared to INR 26.09