Godrej Properties Reports 594% QoQ Net Profit Increase and Announces 200% Dividend

Godrej Properties Limited, a major Indian real estate developer, has announced its Q4 FY26 results, showcasing a strong financial performance. The company reported a significant 62.96% YoY increase in consolidated revenue from operations, reaching ₹3,458 crore, up from ₹2,122 crore in Q4 FY25. Additionally, the net profit surged by 70.63% YoY to ₹645 crore, compared to ₹378 crore in the same period last year. On a quarterly basis, the net profit grew by an impressive 232.47% from ₹194 crore in Q3 FY26.

The basic earnings per share (EPS) also saw a substantial increase of 70.19%, reaching ₹21.58 from ₹12.68 in the same quarter of the previous year. These robust results have been met with positive sentiment from brokerages, which are now setting higher target prices for the stock.

Bank of America (BofA) has recommended a “Buy” call on Godrej Properties with a target price of ₹2,600 per share, indicating an upside potential of 43.01% from its current price of ₹1,818 per share. BofA’s recommendation is based on the company’s strong finish in FY26 and its ambitious FY27 guidance, which exceeds expectations. The company’s healthy bookings outlook and focus on improving profitability, aiming for a 20% ROE by FY28, further reinforce the positive outlook.

Similarly, Jefferies has also issued a “Buy” call on Godrej Properties, setting a target price of ₹2,475 per share, which represents an upside potential of 36.14% from the current price. Jefferies highlights the company’s strong pre-sales momentum and rising construction activity, which are expected to sustain growth visibility. The firm also notes the company’s focus on achieving a 20% ROE and a free cash flow turnaround by FY28, which should improve its financial profile.

Investec, however, has a more cautious stance, recommending a “Hold” call on Godrej Properties with a target price of ₹1,986 per share, indicating a 9.24% upside potential. Investec acknowledges the company’s strong fundamentals and robust presales momentum but believes that the current valuations are fair, suggesting limited upside at these levels.

In terms of dividends, Godrej Properties Limited’s board of directors has recommended paying a final dividend of 200% on the face value of paid-up equity shares of ₹5 each for the financial year 2025-26, amounting to ₹10 per equity share. This generous dividend payout signals management’s confidence in the company’s financial health and future prospects.

Looking at the annual performance, Godrej Properties Limited’s revenue has grown by 4.23% from ₹4,923 crore in FY25 to ₹5,131 crore in FY26. The net profit has also grown by 32.54% from ₹1,389 crore in FY25 to ₹1,841 crore in FY26. Over the last five years, the company’s revenue and net profit have grown at a CAGR of 31.59% and 43.65%, respectively. The company’s ROCE and ROE stand at 8.28% and 10.2%, respectively, with an earnings per share (EPS) of ₹61.4 and a debt-to-equity ratio of 0.83x.

Godrej Properties has outlined a strong FY27 guidance, reflecting its confidence in sustained demand and execution. The company targets a launch value of ₹48,000 crore and a booking value of ₹39,000 crore, indicating continued growth momentum. Customer collections are expected to rise to ₹24,000 crore, supporting cash flows and balance sheet strength. Overall, the guidance highlights a focus on scale, steady demand, and improved financial performance in the coming year.

Godrej Properties Limited is a major Indian real estate developer and the real estate arm of the Godrej Group. Founded in 1990 and headquartered in Mumbai, the company integrates the group’s legacy of innovation, sustainability, and trust into residential, commercial, and township developments across India. Godrej Properties operates in over a dozen Indian cities, including Mumbai, Delhi NCR, Bengaluru, Pune, Hyderabad, Chennai, and Kolkata. As of FY 2025, it managed a development portfolio exceeding 250 million sq. ft. The company’s projects span luxury residential complexes, mixed-use townships, office spaces, and retail hubs. Notable developments include Godrej BKC in Mumbai, Godrej Woods in Noida, and Godrej Park World in Pune.