Godrej Properties Sees Net Debt Rise by 42% to ₹4,637 Crore in Q1 FY26
Real estate major Godrej Properties has reported a significant 42% increase in net debt to ₹4,637 crore in the June quarter of FY26, as the company expands its housing portfolio to tap into strong demand in the market.
Real EstateGodrej PropertiesNet DebtHousing MarketLand AcquisitionsReal Estate NewsAug 18, 2025
According to the company’s latest investor presentation, the debt-to-equity ratio increased to 0.26 from 0.19. Despite the rise, the firm said its leverage remains at a comfortable level. Speaking to analysts, Godrej Properties Managing Director and CEO Gaurav Pandey said the company has capped its net debt at Rs 10,000 crore.
He explained that even at this level, the debt-to-equity ratio would only touch around 0.5, which the company considers manageable. Pandey added that the firm has sufficient cash flow from operations and borrowing capacity to support its short-term requirements. He also pointed out that the final debt position this year would depend on the extent of business development beyond the company’s guidance of Rs 20,000 crore worth of housing projects.
Godrej Properties has been very active in acquiring land parcels over the past few years, targeting both group housing and plotted residential developments. In the April–June quarter, the company acquired five land parcels across Mumbai, Pune, Bengaluru, and Panipat, with a combined revenue potential of Rs 11,400 crore. For FY26, it has guided for acquisitions worth Rs 20,000 crore. On the operational side, Godrej Properties aims to surpass its record sales bookings of Rs 29,444 crore in FY25 and has set a target of Rs 32,500 crore for FY26.
In the first quarter, however, its pre-sales declined 18 per cent year-on-year (YoY) to Rs 7,082 crore. Despite this dip, the company is likely to retain its position as India’s top real estate player in terms of sales bookings for the third consecutive year.
On the financial front, Godrej Properties reported a 15 per cent rise in consolidated net profit to Rs 598.40 crore in the June quarter, compared with Rs 518.8 crore in the same period previous year. Its total income fell slightly to Rs 1,620.34 crore from Rs 1,699.48 crore a year earlier. For FY25, the company had posted a net profit of Rs 1,389.23 crore on a total income of Rs 6,967.05 crore.
Frequently Asked Questions
What is the current net debt of Godrej Properties in Q1 FY26?
Godrej Properties' net debt in Q1 FY26 is ₹4,637 crore.
By how much has the net debt of Godrej Properties increased compared to the same quarter last year?
The net debt of Godrej Properties has increased by 42% compared to the same quarter last year.
What is the debt-to-equity ratio of Godrej Properties in Q1 FY26?
The debt-to-equity ratio of Godrej Properties in Q1 FY26 is 0.26.
What is Godrej Properties' target for sales bookings in FY26?
Godrej Properties aims to achieve sales bookings of ₹32,500 crore in FY26.
How much has Godrej Properties' consolidated net profit increased in Q1 FY26 compared to the same period last year?
Godrej Properties' consolidated net profit has increased by 15% to ₹598.40 crore in Q1 FY26 compared to the same period last year.
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